14,200 Shares in Barings BDC, Inc. (NYSE:BBDC) Bought by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division purchased a new position in shares of Barings BDC, Inc. (NYSE:BBDC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,200 shares of the company’s stock, valued at approximately $131,000.

Other hedge funds have also recently added to or reduced their stakes in the company. WNY Asset Management LLC raised its position in Barings BDC by 14.5% during the third quarter. WNY Asset Management LLC now owns 75,830 shares of the company’s stock worth $676,000 after acquiring an additional 9,615 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in Barings BDC during the fourth quarter worth $161,000. Bouchey Financial Group Ltd acquired a new position in Barings BDC during the fourth quarter worth $88,000. Retirement Financial Solutions LLC raised its position in Barings BDC by 56.4% during the fourth quarter. Retirement Financial Solutions LLC now owns 17,548 shares of the company’s stock worth $151,000 after acquiring an additional 6,330 shares during the period. Finally, Camelot Portfolios LLC acquired a new position in Barings BDC during the fourth quarter worth $118,000. 44.09% of the stock is owned by hedge funds and other institutional investors.

Barings BDC Price Performance

Shares of NYSE BBDC traded down $0.06 during mid-day trading on Wednesday, reaching $9.95. The company’s stock had a trading volume of 64,548 shares, compared to its average volume of 457,701. The stock has a 50-day moving average of $9.77 and a two-hundred day moving average of $9.35. The stock has a market capitalization of $1.05 billion, a P/E ratio of 8.13 and a beta of 0.67. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11. Barings BDC, Inc. has a 1-year low of $7.69 and a 1-year high of $10.27.

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

Barings BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, June 5th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 10.45%. The ex-dividend date of this dividend was Wednesday, June 5th. Barings BDC’s payout ratio is currently 84.55%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods increased their target price 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.

Insider Buying and Selling

In other news, insider Michael Freno acquired 27,500 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was purchased at an average cost of $9.73 per share, for a total transaction of $267,575.00. Following the completion of the transaction, the insider now owns 71,145 shares in the company, valued at $692,240.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.45% of the stock is owned by company insiders.

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.