Arkadios Wealth Advisors Sells 2,233 Shares of Barings BDC, Inc. (NYSE:BBDC)

Arkadios Wealth Advisors reduced its stake in Barings BDC, Inc. (NYSE:BBDC) by 7.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 26,752 shares of the company’s stock after selling 2,233 shares during the quarter. Arkadios Wealth Advisors’ holdings in Barings BDC were worth $262,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. nVerses Capital LLC grew its position in Barings BDC by 50.0% in the third quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock valued at $32,000 after acquiring an additional 1,100 shares during the period. Asset Dedication LLC bought a new stake in shares of Barings BDC in the 2nd quarter worth about $36,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Barings BDC in the 2nd quarter worth about $86,000. EntryPoint Capital LLC increased its position in shares of Barings BDC by 121.0% during 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, Advisory Alpha LLC bought a new position in Barings BDC during the 2nd quarter valued at about $99,000. Institutional investors own 44.09% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Barings BDC Price Performance

Barings BDC stock opened at $9.67 on Friday. The business’s fifty day moving average is $9.84 and its two-hundred day moving average is $9.79. 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 firm has a market cap of $1.02 billion, a P/E ratio of 7.86 and a beta of 0.67. Barings BDC, Inc. has a 52 week low of $8.55 and a 52 week high of $10.27.

Barings BDC (NYSE:BBDC) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $70.75 million. During the same quarter in the prior year, the company earned $0.31 EPS. Equities research analysts forecast that Barings BDC, Inc. will post 1.28 earnings per share for the current fiscal year.

Barings BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, September 4th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 10.76%. The ex-dividend date of this dividend was Wednesday, September 4th. Barings BDC’s dividend payout ratio (DPR) is presently 84.55%.

About Barings BDC

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.