Barings BDC, Inc. (NYSE:BBDC) Shares Sold by Panoramic Investment Advisors LLC

Panoramic Investment Advisors LLC lowered its holdings in Barings BDC, Inc. (NYSE:BBDC) by 11.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,542 shares of the company’s stock after selling 3,285 shares during the period. Panoramic Investment Advisors LLC’s holdings in Barings BDC were worth $247,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BBDC. Mather Group LLC. acquired a new stake in shares of Barings BDC during the 1st quarter valued at $43,000. Pineridge Advisors LLC purchased a new stake in Barings BDC in the 4th quarter worth approximately $53,000. Tucker Asset Management LLC acquired a new stake in Barings BDC during the fourth quarter valued at $80,000. Bouchey Financial Group Ltd bought a new stake in shares of Barings BDC in the 4th quarter valued at approximately $88,000. Finally, JT Stratford LLC acquired a new position in shares of Barings BDC during the 3rd quarter worth $107,000. 44.09% of the stock is currently owned by institutional investors.

Insider Activity at Barings BDC

In related news, insider Michael Freno acquired 27,500 shares of the stock in a transaction dated Thursday, May 9th. The stock was bought at an average price of $9.73 per share, for a total transaction of $267,575.00. Following the purchase, the insider now directly owns 71,145 shares of the company’s stock, valued at approximately $692,240.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.45% of the stock is currently owned by company insiders.

Barings BDC Stock Performance

Shares of BBDC stock traded up $0.03 on Tuesday, reaching $9.76. The stock had a trading volume of 94,603 shares, compared to its average volume of 463,533. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36. The firm’s 50-day moving average is $9.69 and its two-hundred day moving average is $9.30. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 7.92 and a beta of 0.67. Barings BDC, Inc. has a 12 month low of $7.60 and a 12 month high of $10.27.

Barings BDC (NYSE:BBDC) last released its quarterly earnings results on Saturday, May 4th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The business had revenue of $69.81 million during the quarter, compared to analyst estimates of $72.38 million. Barings BDC had a net margin of 45.35% and a return on equity of 10.77%. During the same quarter in the previous year, the firm posted $0.25 earnings per share. On average, research analysts expect that Barings BDC, Inc. will post 1.17 EPS for the current fiscal year.

Barings BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, June 5th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.66%. The ex-dividend date of this dividend was Wednesday, June 5th. Barings BDC’s payout ratio is 84.55%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lifted their price target on shares of Barings BDC from $10.00 to $10.50 and gave the company a “market perform” rating in a research report on Thursday, May 23rd.

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.