Barings Bdc, Inc. $BBDC Shares Sold by Steel Grove Capital Advisors LLC

Steel Grove Capital Advisors LLC trimmed its position in Barings Bdc, Inc. (NYSE:BBDC) by 65.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,863 shares of the company’s stock after selling 236,417 shares during the quarter. Steel Grove Capital Advisors LLC owned about 0.12% of Barings Bdc worth $1,128,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in shares of Barings Bdc by 65.6% in the 4th quarter. Farther Finance Advisors LLC now owns 3,992 shares of the company’s stock worth $37,000 after acquiring an additional 1,582 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Barings Bdc in the 3rd quarter worth approximately $44,000. Flagship Harbor Advisors LLC acquired a new position in shares of Barings Bdc in the 4th quarter worth approximately $46,000. Aquatic Capital Management LLC acquired a new position in shares of Barings Bdc in the 3rd quarter worth approximately $64,000. Finally, Ameriflex Group Inc. lifted its holdings in shares of Barings Bdc by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 8,182 shares of the company’s stock worth $72,000 after acquiring an additional 4,091 shares during the last quarter. 44.09% of the stock is currently owned by institutional investors and hedge funds.

Barings Bdc Price Performance

Barings Bdc stock opened at $8.62 on Wednesday. The firm has a market cap of $902.57 million, a PE ratio of 10.14 and a beta of 0.61. Barings Bdc, Inc. has a 52-week low of $7.96 and a 52-week high of $9.92. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.25. The company’s 50 day moving average is $8.57 and its two-hundred day moving average is $8.80.

Barings Bdc (NYSE:BBDC) last released its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. The company had revenue of $54.66 million for the quarter, compared to analyst estimates of $62.54 million. Barings Bdc had a net margin of 32.45% and a return on equity of 10.08%. During the same period in the prior year, the business earned $0.25 EPS. On average, research analysts expect that Barings Bdc, Inc. will post 1 EPS for the current fiscal year.

Barings Bdc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 3rd will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 12.1%. Barings Bdc’s dividend payout ratio is 122.35%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BBDC. Weiss Ratings lowered shares of Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Lucid Cap Mkts upgraded shares of Barings Bdc to a “hold” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.50.

Barings Bdc Company Profile

Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.

The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).