Raleigh Capital Management Inc. Has $329,000 Holdings in Barings BDC, Inc. (NYSE:BBDC)

Raleigh Capital Management Inc. lessened its holdings in Barings BDC, Inc. (NYSE:BBDC) by 11.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,536 shares of the company’s stock after selling 4,304 shares during the period. Raleigh Capital Management Inc.’s holdings in Barings BDC were worth $329,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BBDC. nVerses Capital LLC raised its holdings in shares of Barings BDC by 50.0% in the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock worth $32,000 after acquiring an additional 1,100 shares during the last quarter. Asset Dedication LLC acquired a new stake in shares of Barings BDC in the 2nd quarter worth about $36,000. Mather Group LLC. acquired a new stake in shares of Barings BDC in the 1st quarter worth about $43,000. EntryPoint Capital LLC grew its position in Barings BDC by 121.0% in the 1st quarter. EntryPoint Capital LLC now owns 9,141 shares of the company’s stock worth $85,000 after purchasing an additional 5,005 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Barings BDC in the 2nd quarter worth about $86,000. Institutional investors and hedge funds own 44.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company upped their price objective on shares of Barings BDC from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research report on Friday, July 26th.

Barings BDC Trading Down 0.1 %

Shares of BBDC stock opened at $9.81 on Wednesday. Barings BDC, Inc. has a 52-week low of $8.55 and a 52-week high of $10.27. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12. The company has a 50-day simple moving average of $9.86 and a two-hundred day simple moving average of $9.77. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 7.98 and a beta of 0.67.

Barings BDC (NYSE:BBDC) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.10. Barings BDC had a net margin of 38.32% and a return on equity of 11.49%. The business had revenue of $74.89 million during the quarter, compared to the consensus estimate of $70.75 million. During the same period in the prior year, the firm posted $0.31 EPS. Research analysts anticipate that Barings BDC, Inc. will post 1.28 EPS for the current fiscal year.

Barings BDC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, September 4th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.60%. The ex-dividend date was Wednesday, September 4th. Barings BDC’s dividend payout ratio is currently 84.55%.

Barings BDC Profile

Barings BDC, Inc is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries.