Hennion & Walsh Asset Management Inc. Sells 38,300 Shares of Barings BDC, Inc. (NYSE:BBDC)

Hennion & Walsh Asset Management Inc. cut its position in Barings BDC, Inc. (NYSE:BBDC) by 6.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 538,094 shares of the company’s stock after selling 38,300 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Barings BDC were worth $5,273,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in Barings BDC in the third quarter worth $1,700,000. nVerses Capital LLC raised its holdings in shares of Barings BDC by 50.0% during the third quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock worth $32,000 after acquiring an additional 1,100 shares during the period. SeaCrest Wealth Management LLC raised its holdings in shares of Barings BDC by 8.5% during the third quarter. SeaCrest Wealth Management LLC now owns 20,806 shares of the company’s stock worth $204,000 after acquiring an additional 1,637 shares during the period. Creative Planning raised its holdings in shares of Barings BDC by 6.6% during the third quarter. Creative Planning now owns 39,552 shares of the company’s stock worth $388,000 after acquiring an additional 2,432 shares during the period. Finally, Sound Income Strategies LLC raised its holdings in shares of Barings BDC by 9.3% during the third quarter. Sound Income Strategies LLC now owns 12,877 shares of the company’s stock worth $126,000 after acquiring an additional 1,097 shares during the period. 44.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wells Fargo & Company raised their price objective on shares of Barings BDC from $9.00 to $9.50 and gave the stock an “equal weight” rating in a report on Friday, July 26th.

Barings BDC Stock Down 0.5 %

Barings BDC stock opened at $9.77 on Thursday. The company has a market cap of $1.03 billion, a P/E ratio of 9.39 and a beta of 0.67. Barings BDC, Inc. has a 1-year low of $8.55 and a 1-year high of $10.27. The company has a fifty day simple moving average of $9.86 and a 200 day simple moving average of $9.77. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29.

Barings BDC (NYSE:BBDC) last released its earnings results on Wednesday, August 7th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.10. Barings BDC had a net margin of 38.32% and a return on equity of 11.49%. The business had revenue of $74.89 million during the quarter, compared to the consensus estimate of $70.75 million. During the same quarter last year, the firm earned $0.31 earnings per share. Research analysts anticipate that Barings BDC, Inc. will post 1.28 earnings per share for the current fiscal year.

Barings BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, September 4th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.65%. The ex-dividend date of this dividend was Wednesday, September 4th. Barings BDC’s dividend payout ratio (DPR) is presently 100.00%.

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.