Soltis Investment Advisors LLC Acquires New Holdings in Barings BDC, Inc. (NYSE:BBDC)

Soltis Investment Advisors LLC bought a new position in Barings BDC, Inc. (NYSE:BBDC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,623 shares of the company’s stock, valued at approximately $108,000.

A number of other large investors have also added to or reduced their stakes in BBDC. Mather Group LLC. purchased a new position in shares of Barings BDC in the 1st quarter worth $43,000. Pineridge Advisors LLC purchased a new position in Barings BDC in the fourth quarter worth about $53,000. Tucker Asset Management LLC bought a new stake in shares of Barings BDC during the 4th quarter valued at about $80,000. EntryPoint Capital LLC increased its position in shares of Barings BDC by 121.0% during the 1st quarter. EntryPoint Capital LLC now owns 9,141 shares of the company’s stock valued at $85,000 after purchasing an additional 5,005 shares during the last quarter. Finally, PFG Investments LLC purchased a new stake in shares of Barings BDC during the 1st quarter valued at about $109,000. Institutional investors own 44.09% of the company’s stock.

Insider Buying and Selling

In other news, insider Michael Freno acquired 27,500 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was purchased at an average price of $9.73 per share, for a total transaction of $267,575.00. Following the completion of the transaction, the insider now directly owns 71,145 shares in the company, valued at approximately $692,240.85. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.45% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Barings BDC Price Performance

BBDC stock traded down $0.26 during trading on Friday, reaching $9.76. The company’s stock had a trading volume of 471,112 shares, compared to its average volume of 338,535. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36. The company’s fifty day moving average is $9.90 and its 200-day moving average is $9.51. The company has a market capitalization of $1.03 billion, a P/E ratio of 7.93 and a beta of 0.67. Barings BDC, Inc. has a 1 year low of $8.27 and a 1 year high of $10.27.

Barings BDC (NYSE:BBDC) last released its earnings results on Saturday, May 4th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). Barings BDC had a return on equity of 10.77% and a net margin of 45.35%. The business had revenue of $69.81 million for the quarter, compared to analysts’ expectations of $72.38 million. During the same quarter in the prior year, the business posted $0.25 EPS. On average, research analysts expect that Barings BDC, Inc. will post 1.17 earnings per share for the current fiscal year.

Barings BDC Dividend Announcement

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

Barings BDC Company 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.