Sequoia Financial Advisors LLC Buys Shares of 39,794 Barings BDC, Inc. (NYSE:BBDC)

Sequoia Financial Advisors LLC bought a new stake in shares of Barings BDC, Inc. (NYSE:BBDC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 39,794 shares of the company’s stock, valued at approximately $341,000.

A number of other hedge funds have also made changes to their positions in BBDC. JPMorgan Chase & Co. increased its holdings in shares of Barings BDC by 163.8% in the first quarter. JPMorgan Chase & Co. now owns 16,070 shares of the company’s stock valued at $166,000 after purchasing an additional 9,979 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Barings BDC by 22.7% in the first quarter. Raymond James & Associates now owns 293,743 shares of the company’s stock valued at $3,037,000 after purchasing an additional 54,268 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Barings BDC by 7.4% in the first quarter. HighTower Advisors LLC now owns 117,927 shares of the company’s stock valued at $1,219,000 after purchasing an additional 8,160 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of Barings BDC in the first quarter valued at approximately $117,000. Finally, Allianz Asset Management GmbH increased its holdings in shares of Barings BDC by 33.8% in the first quarter. Allianz Asset Management GmbH now owns 49,730 shares of the company’s stock valued at $514,000 after purchasing an additional 12,549 shares during the last quarter. Institutional investors and hedge funds own 44.09% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company increased their price target on Barings BDC from $8.50 to $8.75 and gave the company an “equal weight” rating in a report on Monday, January 29th.

Barings BDC Price Performance

BBDC stock opened at $9.25 on Friday. The business has a fifty day moving average of $9.27 and a two-hundred day moving average of $9.03. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.60. The stock has a market cap of $980.62 million, a price-to-earnings ratio of 7.77 and a beta of 0.63. Barings BDC, Inc. has a 52-week low of $6.96 and a 52-week high of $9.89.

Barings BDC (NYSE:BBDC) last posted its earnings results on Friday, February 23rd. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $75.85 million during the quarter, compared to analysts’ expectations of $71.25 million. Barings BDC had a return on equity of 10.63% and a net margin of 44.26%. During the same quarter last year, the firm earned $0.34 earnings per share. As a group, research analysts anticipate that Barings BDC, Inc. will post 1.21 earnings per share for the current year.

Barings BDC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.26 per share. The ex-dividend date was Tuesday, March 5th. This represents a $1.04 annualized dividend and a yield of 11.25%. Barings BDC’s dividend payout ratio (DPR) is 87.39%.

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.