Barings BDC, Inc. (NYSE:BBDC) Shares Sold by Cape Investment Advisory Inc.

Cape Investment Advisory Inc. lowered its holdings in shares of Barings BDC, Inc. (NYSE:BBDC) by 25.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,336 shares of the company’s stock after selling 5,704 shares during the period. Cape Investment Advisory Inc.’s holdings in Barings BDC were worth $152,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Soltis Investment Advisors LLC acquired a new position in Barings BDC during the first quarter worth about $108,000. Cetera Advisors LLC lifted its stake in shares of Barings BDC by 199.8% during the first quarter. Cetera Advisors LLC now owns 31,103 shares of the company’s stock valued at $289,000 after buying an additional 20,728 shares during the period. Virtu Financial LLC purchased a new position in shares of Barings BDC during the first quarter valued at approximately $158,000. Steel Grove Capital Advisors LLC purchased a new position in shares of Barings BDC during the first quarter valued at approximately $1,080,000. Finally, Quadrature Capital Ltd lifted its stake in shares of Barings BDC by 57.2% during the first quarter. Quadrature Capital Ltd now owns 48,825 shares of the company’s stock valued at $454,000 after buying an additional 17,771 shares during the period. Institutional investors and hedge funds own 44.09% of the company’s stock.

Insider Buying and Selling at Barings BDC

In other Barings BDC news, insider Michael Freno acquired 27,500 shares of the stock in a transaction dated Thursday, May 9th. The shares were bought at an average price of $9.73 per share, with a total value of $267,575.00. Following the purchase, the insider now directly owns 71,145 shares of the company’s stock, valued at approximately $692,240.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.45% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on BBDC shares. Keefe, Bruyette & Woods upped their price objective on shares of Barings BDC from $10.00 to $10.50 and gave the company a “market perform” rating in a research note on Thursday, May 23rd. Wells Fargo & Company upped their price target on shares of Barings BDC from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research report on Friday, July 26th.

Barings BDC Stock Performance

Shares of BBDC stock traded down $0.26 during trading hours on Friday, reaching $9.76. The stock had a trading volume of 471,112 shares, compared to its average volume of 338,535. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11. Barings BDC, Inc. has a twelve month low of $8.27 and a twelve month high of $10.27. The firm has a 50-day simple moving average of $9.90 and a 200-day simple moving average of $9.51. The firm has a market capitalization of $1.03 billion, a PE ratio of 7.93 and a beta of 0.67.

Barings BDC (NYSE:BBDC) last released its quarterly earnings data on Saturday, May 4th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Barings BDC had a return on equity of 10.77% and a net margin of 45.35%. The firm had revenue of $69.81 million during the quarter, compared to analyst estimates of $72.38 million. During the same period last year, the business earned $0.25 EPS. As a group, equities analysts forecast that Barings BDC, Inc. will post 1.17 earnings per share for the current year.

Barings BDC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, June 5th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $1.04 annualized dividend and a yield of 10.66%. Barings BDC’s payout ratio is 84.55%.

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.