Barings Bdc, Inc. $BBDC Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC lessened its holdings in Barings Bdc, Inc. (NYSE:BBDC) by 18.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 422,892 shares of the company’s stock after selling 96,887 shares during the period. Confluence Investment Management LLC’s holdings in Barings Bdc were worth $3,865,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Northern Trust Corp boosted its holdings in Barings Bdc by 17.0% in the fourth quarter. Northern Trust Corp now owns 69,075 shares of the company’s stock valued at $661,000 after purchasing an additional 10,033 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Barings Bdc by 200.9% in the 4th quarter. Jane Street Group LLC now owns 94,164 shares of the company’s stock valued at $901,000 after buying an additional 62,866 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Barings Bdc by 3.9% in the fourth quarter. Ameriprise Financial Inc. now owns 86,757 shares of the company’s stock worth $830,000 after buying an additional 3,239 shares during the last quarter. Cetera Investment Advisers grew its holdings in Barings Bdc by 1.3% during the fourth quarter. Cetera Investment Advisers now owns 74,839 shares of the company’s stock worth $716,000 after acquiring an additional 993 shares during the period. Finally, D. E. Shaw & Co. Inc. acquired a new stake in Barings Bdc during the fourth quarter worth about $122,000. 44.09% of the stock is owned by hedge funds and other institutional investors.

Barings Bdc Stock Down 1.6%

NYSE BBDC opened at $9.31 on Friday. The business has a fifty day moving average price of $9.52 and a 200 day moving average price of $9.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market cap of $978.50 million, a P/E ratio of 9.69 and a beta of 0.73. Barings Bdc, Inc. has a one year low of $7.66 and a one year high of $10.85.

Barings Bdc (NYSE:BBDC) last released its earnings results on Thursday, August 7th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $74.40 million during the quarter, compared to analyst estimates of $66.41 million. Barings Bdc had a net margin of 35.67% and a return on equity of 9.76%. During the same quarter in the prior year, the firm earned $0.40 earnings per share. Research analysts anticipate that Barings Bdc, Inc. will post 1.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on BBDC. Wells Fargo & Company upgraded shares of Barings Bdc from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $8.50 to $9.50 in a research note on Wednesday, May 28th. Bank of America cut their price objective on shares of Barings Bdc from $11.00 to $10.00 and set a “buy” rating for the company in a report on Monday, May 19th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $9.67.

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.