BARINGS BDC, INC. (NYSE:BBDC) Shares Sold by Castleview Partners LLC

Castleview Partners LLC cut its holdings in shares of BARINGS BDC, INC. (NYSE:BBDC) by 13.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,424 shares of the company’s stock after selling 2,641 shares during the period. Castleview Partners LLC’s holdings in BARINGS BDC were worth $166,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN raised its holdings in BARINGS BDC by 85.4% during the fourth quarter. Wells Fargo & Company MN now owns 705,628 shares of the company’s stock worth $6,753,000 after purchasing an additional 324,945 shares in the last quarter. Raymond James Financial Inc. bought a new stake in BARINGS BDC during the fourth quarter worth approximately $8,891,000. Icon Advisers Inc. Co. bought a new stake in BARINGS BDC during the fourth quarter worth approximately $2,577,000. Jane Street Group LLC raised its holdings in BARINGS BDC by 200.9% during the fourth quarter. Jane Street Group LLC now owns 94,164 shares of the company’s stock worth $901,000 after purchasing an additional 62,866 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in BARINGS BDC by 4.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 39,478 shares of the company’s stock worth $378,000 after purchasing an additional 1,565 shares in the last quarter. 44.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other BARINGS BDC news, CEO Eric J. Lloyd purchased 34,375 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The shares were purchased at an average cost of $9.12 per share, with a total value of $313,500.00. Following the completion of the transaction, the chief executive officer now owns 73,569 shares of the company’s stock, valued at approximately $670,949.28. This represents a 87.70% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen R. Byers bought 8,700 shares of BARINGS BDC stock in a transaction that occurred on Friday, June 6th. The stock was bought at an average price of $8.89 per share, with a total value of $77,343.00. Following the completion of the acquisition, the director now owns 59,734 shares in the company, valued at approximately $531,035.26. The trade was a 17.05% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 49,997 shares of company stock worth $452,844. 0.52% of the stock is owned by corporate insiders.

BARINGS BDC Price Performance

NYSE BBDC opened at $9.05 on Friday. The stock has a market capitalization of $953.43 million, a P/E ratio of 9.62 and a beta of 0.71. BARINGS BDC, INC. has a 1 year low of $7.66 and a 1 year high of $10.85. The business’s fifty day moving average is $8.91 and its two-hundred day moving average is $9.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.13 and a current ratio of 0.13.

BARINGS BDC (NYSE:BBDC) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). The company had revenue of $64.44 million during the quarter, compared to the consensus estimate of $67.78 million. BARINGS BDC had a net margin of 35.21% and a return on equity of 10.74%. BARINGS BDC’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 EPS. On average, research analysts forecast that BARINGS BDC, INC. will post 1.13 earnings per share for the current fiscal year.

BARINGS BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, June 4th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 11.50%. BARINGS BDC’s dividend payout ratio (DPR) is presently 110.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods dropped their target price on BARINGS BDC from $10.50 to $9.50 and set a “market perform” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company raised BARINGS BDC from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $8.50 to $9.50 in a report on Wednesday, May 28th. Finally, Bank of America dropped their price target on BARINGS BDC from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, May 19th.

BARINGS BDC Company 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.