Koshinski Asset Management Inc. Acquires 1,282 Shares of Barings BDC, Inc. (NYSE:BBDC)

Koshinski Asset Management Inc. increased its holdings in Barings BDC, Inc. (NYSE:BBDC) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,158 shares of the company’s stock after acquiring an additional 1,282 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Barings BDC were worth $451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Barings BDC by 393.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock worth $25,000 after acquiring an additional 2,059 shares in the last quarter. Nomura Asset Management Co. Ltd. bought a new stake in Barings BDC during the 3rd quarter valued at about $26,000. nVerses Capital LLC increased its stake in Barings BDC by 50.0% during the 3rd 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 in the last quarter. Advisory Alpha LLC bought a new stake in Barings BDC during the 2nd quarter valued at about $99,000. Finally, Centaurus Financial Inc. bought a new stake in Barings BDC during the 3rd quarter valued at about $99,000. 44.09% of the stock is currently owned by institutional investors.

Barings BDC Stock Down 0.1 %

NYSE:BBDC opened at $9.87 on Thursday. The firm has a market cap of $1.04 billion, a P/E ratio of 9.13 and a beta of 0.68. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. Barings BDC, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $10.38. The firm has a 50-day simple moving average of $9.74 and a two-hundred day simple moving average of $9.82.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The company had revenue of $70.85 million for the quarter, compared to analysts’ expectations of $70.48 million. Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. During the same period in the previous year, the business earned $0.31 EPS. Analysts predict that Barings BDC, Inc. will post 1.24 earnings per share for the current fiscal year.

Barings BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, December 4th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.54%. The ex-dividend date of this dividend was Wednesday, December 4th. Barings BDC’s payout ratio is 96.30%.

Insider Buying and Selling

In related news, insider Michael James O’connor sold 29,424 shares of the firm’s stock in a transaction that occurred 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 filing with the SEC, which is available at this hyperlink. Also, Director Stephen R. Byers acquired 8,485 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of $9.73 per share, for a total transaction of $82,559.05. Following the acquisition, the director now owns 50,001 shares of the company’s stock, valued at $486,509.73. The trade was a 20.44 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 14,048 shares of company stock valued at $136,772. 0.45% of the stock is owned by insiders.

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.