Arete Wealth Advisors LLC Reduces Holdings in Barings BDC, Inc. (NYSE:BBDC)

Arete Wealth Advisors LLC trimmed its stake in Barings BDC, Inc. (NYSE:BBDC) by 12.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 29,493 shares of the company’s stock after selling 4,194 shares during the period. Arete Wealth Advisors LLC’s holdings in Barings BDC were worth $289,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of BBDC. Nomura Asset Management Co. Ltd. purchased a new position in shares of Barings BDC in the 3rd quarter valued at $26,000. nVerses Capital LLC grew its position in Barings BDC by 50.0% during the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock worth $32,000 after purchasing an additional 1,100 shares during the last quarter. Asset Dedication LLC purchased a new position in Barings BDC during the 2nd quarter worth $36,000. Ashton Thomas Private Wealth LLC purchased a new position in Barings BDC during the 2nd quarter worth $86,000. Finally, Advisory Alpha LLC purchased a new position in Barings BDC during the 2nd quarter worth $99,000. 44.09% of the stock is owned by hedge funds and other institutional investors.

Barings BDC Trading Down 0.9 %

Shares of Barings BDC stock opened at $9.71 on Friday. Barings BDC, Inc. has a 1 year low of $8.55 and a 1 year high of $10.38. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. The company has a market capitalization of $1.02 billion, a P/E ratio of 8.99 and a beta of 0.68. The company’s fifty day moving average is $9.86 and its two-hundred day moving average is $9.87.

Barings BDC (NYSE:BBDC) last issued its quarterly earnings data 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). Barings BDC had a return on equity of 11.24% and a net margin of 39.59%. The business had revenue of $70.85 million for the quarter, compared to analysts’ expectations of $70.48 million. During the same period in the previous year, the business posted $0.31 earnings per share. Analysts forecast that Barings BDC, Inc. will post 1.24 earnings per share for the current year.

Barings BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, December 4th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 10.72%. The ex-dividend date was Wednesday, December 4th. Barings BDC’s dividend payout ratio (DPR) is presently 96.30%.

Insider Transactions at Barings BDC

In other news, insider Michael James O’connor sold 29,424 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $9.70, for a total value of $285,412.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen R. Byers bought 8,485 shares of Barings BDC stock in a transaction dated Friday, December 13th. The stock was purchased at an average price of $9.73 per share, with a total value of $82,559.05. Following the purchase, the director now directly owns 50,001 shares in the company, valued at approximately $486,509.73. This trade represents a 20.44 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 14,048 shares of company stock worth $136,772. Company insiders own 0.45% of the company’s stock.

Barings BDC 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.