Cobblestone Capital Advisors LLC NY Trims Position in Barings BDC, Inc. (NYSE:BBDC)

Cobblestone Capital Advisors LLC NY trimmed its holdings in shares of Barings BDC, Inc. (NYSE:BBDC) by 9.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,352 shares of the company’s stock after selling 1,967 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Barings BDC were worth $180,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. nVerses Capital LLC lifted its position in Barings BDC by 50.0% during the third quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock valued at $32,000 after purchasing an additional 1,100 shares during the period. Asset Dedication LLC acquired a new position in shares of Barings BDC in the 2nd quarter valued at about $36,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Barings BDC in the second quarter worth about $86,000. Advisory Alpha LLC acquired a new stake in Barings BDC during the second quarter worth about $99,000. Finally, Centaurus Financial Inc. acquired a new stake in Barings BDC during the third quarter worth about $99,000. 44.09% of the stock is owned by hedge funds and other institutional investors.

Barings BDC Trading Down 0.1 %

Shares of NYSE:BBDC opened at $10.24 on Monday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. Barings BDC, Inc. has a 12-month low of $8.55 and a 12-month high of $10.30. The business has a 50 day moving average of $9.84 and a two-hundred day moving average of $9.87. The company has a market capitalization of $1.08 billion, a PE ratio of 9.48 and a beta of 0.67.

Barings BDC (NYSE:BBDC) last posted its earnings results on Wednesday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The firm had revenue of $70.85 million during the quarter, compared to analyst estimates of $70.48 million. Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. During the same quarter in the prior year, the firm earned $0.31 earnings per share. As a group, analysts forecast that Barings BDC, Inc. will post 1.24 EPS for the current year.

Barings BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.16%. The ex-dividend date is Wednesday, December 4th. Barings BDC’s dividend payout ratio (DPR) is presently 96.30%.

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.