Barings BDC, Inc. (NYSE:BBDC) Shares Sold by Raymond James & Associates

Raymond James & Associates lessened its position in Barings BDC, Inc. (NYSE:BBDC) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,454 shares of the company’s stock after selling 11,003 shares during the period. Raymond James & Associates owned about 0.14% of Barings BDC worth $1,282,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Point72 Hong Kong Ltd acquired a new position in shares of Barings BDC in the second quarter valued at approximately $28,000. Lake Point Wealth Management grew its holdings in Barings BDC by 3,008.0% in the first quarter. Lake Point Wealth Management now owns 3,108 shares of the company’s stock valued at $32,000 after purchasing an additional 3,008 shares during the period. Tyler Stone Wealth Management purchased a new stake in Barings BDC in the second quarter valued at approximately $30,000. Advisory Services Network LLC grew its holdings in Barings BDC by 140.9% in the first quarter. Advisory Services Network LLC now owns 4,586 shares of the company’s stock valued at $36,000 after purchasing an additional 2,682 shares during the period. Finally, Bartlett & CO. Wealth Management LLC purchased a new stake in Barings BDC in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 44.09% of the company’s stock.

Barings BDC Price Performance

BBDC opened at $9.20 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.60. Barings BDC, Inc. has a 52-week low of $6.96 and a 52-week high of $9.89. The company has a 50 day moving average of $9.28 and a two-hundred day moving average of $9.03. The company has a market cap of $975.31 million, a P/E ratio of 7.72 and a beta of 0.63.

Barings BDC (NYSE:BBDC) last released its quarterly earnings data 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. Barings BDC had a net margin of 44.26% and a return on equity of 10.63%. The company had revenue of $75.85 million during the quarter, compared to the consensus estimate of $71.25 million. During the same period in the previous year, the firm earned $0.34 earnings per share. On average, analysts expect that Barings BDC, Inc. will post 1.21 earnings per share for the current year.

Barings BDC Announces Dividend

The firm also recently disclosed 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 of this dividend was Tuesday, March 5th. This represents a $1.04 annualized dividend and a yield of 11.31%. Barings BDC’s dividend payout ratio is currently 87.39%.

Analysts Set New Price Targets

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

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.