Transcend Capital Advisors LLC Sells 2,300 Shares of Barings BDC, Inc. (NYSE:BBDC)

Transcend Capital Advisors LLC cut its stake in shares of Barings BDC, Inc. (NYSE:BBDC) by 9.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,198 shares of the company’s stock after selling 2,300 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Barings BDC were worth $226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. bought a new stake in shares of Barings BDC during the 1st quarter worth $43,000. Pineridge Advisors LLC purchased a new position in shares of Barings BDC in the 4th quarter worth about $53,000. Tucker Asset Management LLC bought a new position in shares of Barings BDC during the 4th quarter valued at about $80,000. EntryPoint Capital LLC raised its holdings 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 buying an additional 5,005 shares in the last quarter. Finally, Soltis Investment Advisors LLC bought a new stake in Barings BDC in the 1st quarter worth approximately $108,000. Hedge funds and other institutional investors own 44.09% of the company’s stock.

Insiders Place Their Bets

In related news, insider Michael Freno purchased 27,500 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average price of $9.73 per share, for a total transaction 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

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

Barings BDC Trading Down 4.8 %

Shares of BBDC stock traded down $0.47 during trading hours on Monday, reaching $9.29. The company’s stock had a trading volume of 509,471 shares, compared to its average volume of 447,199. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36. Barings BDC, Inc. has a one year low of $8.27 and a one year high of $10.27. The stock has a market capitalization of $984.28 million, a P/E ratio of 7.93 and a beta of 0.67. The firm’s fifty day simple moving average is $9.90 and its 200 day simple moving average is $9.51.

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

Barings BDC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, June 5th were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $1.04 annualized dividend and a dividend yield of 11.19%. Barings BDC’s payout ratio is 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.