88,382 Shares in Barings Bdc, Inc. $BBDC Purchased by Saxon Interests Inc.

Saxon Interests Inc. purchased a new position in shares of Barings Bdc, Inc. (NYSE:BBDC) during the fourth quarter, Holdings Channel reports. The firm purchased 88,382 shares of the company’s stock, valued at approximately $811,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cobblestone Capital Advisors LLC NY boosted its holdings in Barings Bdc by 8.0% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 15,464 shares of the company’s stock valued at $135,000 after purchasing an additional 1,149 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Barings Bdc by 0.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 149,937 shares of the company’s stock valued at $1,369,000 after purchasing an additional 1,228 shares during the last quarter. Ausdal Financial Partners Inc. boosted its holdings in Barings Bdc by 5.0% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 29,403 shares of the company’s stock valued at $269,000 after purchasing an additional 1,408 shares during the last quarter. Creative Planning boosted its holdings in Barings Bdc by 5.1% in the 3rd quarter. Creative Planning now owns 29,375 shares of the company’s stock valued at $257,000 after purchasing an additional 1,432 shares during the last quarter. Finally, Castleview Partners LLC boosted its holdings in Barings Bdc by 11.9% in the 4th quarter. Castleview Partners LLC now owns 13,566 shares of the company’s stock valued at $125,000 after purchasing an additional 1,441 shares during the last quarter. 44.09% of the stock is currently owned by institutional investors and hedge funds.

Barings Bdc Price Performance

Barings Bdc stock opened at $8.37 on Friday. The company’s 50 day simple moving average is $8.64 and its 200-day simple moving average is $8.77. The company has a market capitalization of $875.90 million, a price-to-earnings ratio of 9.84 and a beta of 0.58. Barings Bdc, Inc. has a 1 year low of $7.96 and a 1 year high of $9.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.12 and a current ratio of 0.12.

Barings Bdc (NYSE:BBDC) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The business had revenue of $54.66 million for the quarter, compared to the consensus estimate of $62.54 million. Barings Bdc had a net margin of 32.45% and a return on equity of 10.08%. During the same period in the previous year, the firm earned $0.25 EPS. As a group, equities research analysts expect that Barings Bdc, Inc. will post 1 earnings per share for the current year.

Barings Bdc Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 3rd were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date of this dividend was Wednesday, June 3rd. Barings Bdc’s payout ratio is 122.35%.

Insider Activity

In related news, CEO Thomas Mcdonnell purchased 10,000 shares of Barings Bdc stock in a transaction dated Wednesday, June 3rd. The shares were acquired at an average cost of $8.27 per share, with a total value of $82,700.00. Following the purchase, the chief executive officer owned 26,000 shares of the company’s stock, valued at approximately $215,020. The trade was a 62.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on BBDC. Weiss Ratings upgraded shares of Barings Bdc from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 1st. Lucid Cap Mkts upgraded shares of Barings Bdc to a “hold” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Barings Bdc currently has an average rating of “Hold” and a consensus target price of $9.50.

Barings Bdc Profile

Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.

The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).