Cape Investment Advisory Inc. Has $152,000 Holdings in Barings BDC, Inc. (NYSE:BBDC)

Cape Investment Advisory Inc. cut its holdings in Barings BDC, Inc. (NYSE:BBDC) by 25.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 16,336 shares of the company’s stock after selling 5,704 shares during the quarter. Cape Investment Advisory Inc.’s holdings in Barings BDC were worth $152,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Confluence Investment Management LLC acquired a new stake in shares of Barings BDC during the first quarter valued at about $4,666,000. Privium Fund Management UK Ltd acquired a new stake in shares of Barings BDC during the fourth quarter valued at about $1,533,000. Van ECK Associates Corp boosted its stake in shares of Barings BDC by 10.5% during the fourth quarter. Van ECK Associates Corp now owns 1,691,132 shares of the company’s stock valued at $14,510,000 after purchasing an additional 161,127 shares in the last quarter. Steel Grove Capital Advisors LLC acquired a new stake in shares of Barings BDC during the first quarter valued at about $1,080,000. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Barings BDC by 59.0% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 296,548 shares of the company’s stock valued at $2,758,000 after purchasing an additional 110,037 shares in the last quarter. 44.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Barings BDC Trading Down 2.6 %

BBDC stock traded down $0.26 during mid-day 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 market cap of $1.03 billion, a price-to-earnings ratio of 7.93 and a beta of 0.67. The business’s 50 day moving average price is $9.90 and its 200 day moving average price is $9.51. 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 12 month low of $8.27 and a 12 month high of $10.27.

Barings BDC (NYSE:BBDC) last issued its earnings results 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). The business had revenue of $69.81 million during the quarter, compared to the consensus estimate of $72.38 million. Barings BDC had a return on equity of 10.77% and a net margin of 45.35%. During the same quarter in the previous year, the firm posted $0.25 earnings per share. On average, equities research analysts predict that Barings BDC, Inc. will post 1.17 EPS for the current year.

Barings BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, June 5th were issued 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 dividend yield of 10.66%. Barings BDC’s dividend payout ratio is 84.55%.

Insider Activity

In other news, insider Michael Freno acquired 27,500 shares of the firm’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 acquisition, the insider now directly owns 71,145 shares in the company, valued at approximately $692,240.85. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.45% of the company’s stock.

Barings BDC 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.