Allworth Financial LP Lowers Position in Barings BDC, Inc. (NYSE:BBDC)

Allworth Financial LP lessened its stake in Barings BDC, Inc. (NYSE:BBDC) by 13.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,115 shares of the company’s stock after selling 2,517 shares during the period. Allworth Financial LP’s holdings in Barings BDC were worth $159,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BBDC. Kovitz Investment Group Partners LLC purchased a new position in shares of Barings BDC during the 3rd quarter valued at approximately $10,549,000. Harbor Capital Advisors Inc. lifted its position in shares of Barings BDC by 148.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 740,559 shares of the company’s stock valued at $7,257,000 after buying an additional 442,621 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Barings BDC by 6.1% during the 3rd quarter. Van ECK Associates Corp now owns 2,267,897 shares of the company’s stock valued at $22,134,000 after buying an additional 129,410 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Barings BDC by 38.9% during the 3rd quarter. Franklin Resources Inc. now owns 322,954 shares of the company’s stock valued at $3,136,000 after buying an additional 90,390 shares in the last quarter. Finally, Private Management Group Inc. lifted its position in shares of Barings BDC by 2.8% during the 4th quarter. Private Management Group Inc. now owns 3,084,236 shares of the company’s stock valued at $29,516,000 after buying an additional 83,408 shares in the last quarter. Hedge funds and other institutional investors own 44.09% of the company’s stock.

Barings BDC Trading Up 2.8 %

Shares of NYSE:BBDC opened at $10.80 on Friday. The business’s 50 day moving average price is $9.81 and its 200-day moving average price is $9.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 10.38 and a beta of 0.69. Barings BDC, Inc. has a 1 year low of $8.96 and a 1 year high of $10.82.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The firm had revenue of $70.63 million during the quarter, compared to analysts’ expectations of $69.35 million. Barings BDC had a net margin of 38.54% and a return on equity of 10.91%. On average, equities research analysts forecast that Barings BDC, Inc. will post 1.13 earnings per share for the current fiscal year.

Barings BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $1.04 dividend on an annualized basis and a yield of 9.63%. Barings BDC’s payout ratio is currently 100.00%.

Insider Buying and Selling at Barings BDC

In other Barings BDC news, insider Michael James O’connor sold 29,424 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.70, for a total value of $285,412.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen R. Byers bought 8,485 shares of the business’s stock in a transaction on Friday, December 13th. The stock was bought at an average cost of $9.73 per share, with a total value of $82,559.05. Following the completion of the purchase, the director now directly owns 50,001 shares in the company, valued at approximately $486,509.73. The trade was a 20.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 14,048 shares of company stock worth $136,772. Corporate 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.