Sequoia Financial Advisors LLC Lowers Holdings in BARINGS BDC, INC. (NYSE:BBDC)

Sequoia Financial Advisors LLC trimmed its position in shares of BARINGS BDC, INC. (NYSE:BBDC) by 11.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,643 shares of the company’s stock after selling 4,426 shares during the period. Sequoia Financial Advisors LLC’s holdings in BARINGS BDC were worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Cresset Asset Management LLC purchased a new stake in shares of BARINGS BDC during the 4th quarter worth approximately $16,542,000. Raymond James Financial Inc. purchased a new stake in shares of BARINGS BDC during the 4th quarter worth approximately $8,891,000. Wells Fargo & Company MN raised its holdings in shares of BARINGS BDC by 85.4% during the 4th quarter. Wells Fargo & Company MN now owns 705,628 shares of the company’s stock worth $6,753,000 after acquiring an additional 324,945 shares in the last quarter. Confluence Investment Management LLC raised its holdings in shares of BARINGS BDC by 0.4% during the 1st quarter. Confluence Investment Management LLC now owns 519,779 shares of the company’s stock worth $4,959,000 after acquiring an additional 2,026 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of BARINGS BDC by 32.1% during the 4th quarter. Franklin Resources Inc. now owns 426,696 shares of the company’s stock worth $4,083,000 after acquiring an additional 103,742 shares in the last quarter. 44.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BBDC has been the topic of several recent research reports. Keefe, Bruyette & Woods decreased their price objective on BARINGS BDC from $10.50 to $9.50 and set a “market perform” rating on the stock in a report on Tuesday, April 8th. Bank of America decreased their price target on BARINGS BDC from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, May 19th. Finally, Wells Fargo & Company upgraded BARINGS BDC from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $8.50 to $9.50 in a report on Wednesday, May 28th.

BARINGS BDC Stock Performance

NYSE:BBDC opened at $9.28 on Friday. The stock’s fifty day moving average is $8.99 and its 200 day moving average is $9.36. BARINGS BDC, INC. has a fifty-two week low of $7.66 and a fifty-two week high of $10.85. The firm has a market capitalization of $978.20 million, a PE ratio of 9.87 and a beta of 0.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.13 and a current ratio of 0.13.

BARINGS BDC (NYSE:BBDC) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). BARINGS BDC had a net margin of 35.21% and a return on equity of 10.74%. The company had revenue of $64.44 million for the quarter, compared to analysts’ expectations of $67.78 million. During the same quarter in the previous year, the company posted $0.28 EPS. The business’s quarterly revenue was down 7.7% on a year-over-year basis. On average, sell-side analysts anticipate that BARINGS BDC, INC. will post 1.13 earnings per share for the current year.

BARINGS BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, June 4th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 11.21%. BARINGS BDC’s dividend payout ratio (DPR) is presently 110.64%.

Insiders Place Their Bets

In other BARINGS BDC news, President Matthew Freund acquired 3,522 shares of the business’s stock in a transaction on Monday, May 19th. The shares were bought at an average price of $9.07 per share, with a total value of $31,944.54. Following the transaction, the president directly owned 20,002 shares of the company’s stock, valued at $181,418.14. The trade was a 21.37% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Elizabeth A. Murray acquired 3,400 shares of the business’s stock in a transaction on Friday, June 6th. The stock was acquired at an average cost of $8.84 per share, for a total transaction of $30,056.00. Following the transaction, the chief financial officer directly owned 25,387 shares in the company, valued at $224,421.08. The trade was a 15.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 49,997 shares of company stock worth $452,844. Insiders own 0.52% of the company’s stock.

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.