PFG Advisors Takes $115,000 Position in Barings Bdc, Inc. $BBDC

PFG Advisors bought a new position in Barings Bdc, Inc. (NYSE:BBDC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,528 shares of the company’s stock, valued at approximately $115,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC purchased a new stake in Barings Bdc in the 1st quarter worth about $29,000. Golden State Wealth Management LLC grew its stake in shares of Barings Bdc by 269.6% during the second quarter. Golden State Wealth Management LLC now owns 7,077 shares of the company’s stock valued at $65,000 after buying an additional 5,162 shares during the last quarter. BOS Asset Management LLC bought a new position in shares of Barings Bdc during the first quarter valued at approximately $96,000. Goldman Sachs Group Inc. purchased a new stake in shares of Barings Bdc in the first quarter worth approximately $106,000. Finally, Northeast Financial Group Inc. bought a new stake in shares of Barings Bdc during the 2nd quarter worth approximately $134,000. 44.09% of the stock is currently owned by institutional investors.

Barings Bdc Trading Up 0.3%

Shares of NYSE BBDC opened at $8.95 on Thursday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $8.94 and a two-hundred day simple moving average of $9.14. The firm has a market cap of $940.65 million, a PE ratio of 9.32 and a beta of 0.70. Barings Bdc, Inc. has a twelve month low of $7.66 and a twelve month high of $10.85.

Barings Bdc (NYSE:BBDC) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $72.40 million for the quarter, compared to the consensus estimate of $69.71 million. Barings Bdc had a return on equity of 9.76% and a net margin of 35.67%.During the same quarter in the prior year, the company earned $0.29 EPS. Analysts expect that Barings Bdc, Inc. will post 1.13 earnings per share for the current fiscal year.

Barings Bdc Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 11.6%. Barings Bdc’s dividend payout ratio (DPR) is 107.22%.

Analysts Set New Price Targets

Several brokerages have commented on BBDC. Wells Fargo & Company cut their price objective on Barings Bdc from $10.00 to $9.50 and set an “overweight” rating on the stock in a research report on Monday. Weiss Ratings reissued a “hold (c+)” rating on shares of Barings Bdc in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Barings Bdc from $10.00 to $9.50 and set a “market perform” rating on the stock in a report on Monday. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $9.67.

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.