Transcend Capital Advisors LLC Lowers Stake in Barings BDC, Inc. (NYSE:BBDC)

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

A number of other hedge funds have also recently bought and sold shares of BBDC. International Assets Investment Management LLC purchased a new position in Barings BDC in the fourth quarter valued at approximately $125,000. Sequoia Financial Advisors LLC acquired a new position in shares of Barings BDC in the 4th quarter worth approximately $341,000. Koshinski Asset Management Inc. boosted its holdings in Barings BDC by 40.9% in the fourth quarter. Koshinski Asset Management Inc. now owns 68,509 shares of the company’s stock worth $588,000 after purchasing an additional 19,894 shares during the period. Private Management Group Inc. grew its position in shares of Barings BDC by 2.7% during the 4th quarter. Private Management Group Inc. now owns 3,026,625 shares of the company’s stock valued at $25,968,000 after buying an additional 79,150 shares during the last quarter. Finally, Naviter Wealth LLC bought a new position in shares of Barings BDC during the fourth quarter valued at approximately $137,000. Institutional investors and hedge funds own 44.09% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on BBDC shares. Keefe, Bruyette & Woods increased their price objective 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. Wells Fargo & Company upped their price objective on Barings BDC from $9.00 to $9.50 and gave the company an “equal weight” rating in a report on Friday, July 26th.

Insider Activity

In other Barings BDC news, insider Michael Freno purchased 27,500 shares of the stock in a transaction dated Thursday, May 9th. The shares were acquired 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 owns 71,145 shares of the company’s stock, valued at approximately $692,240.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.45% of the company’s stock.

Barings BDC Trading Down 4.8 %

BBDC traded down $0.47 during trading on Monday, reaching $9.29. The company had a trading volume of 509,471 shares, compared to its average volume of 447,199. The firm’s 50-day simple moving average is $9.90 and its 200 day simple moving average is $9.51. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11. The company has a market cap of $984.28 million, a price-to-earnings ratio of 7.93 and a beta of 0.67. Barings BDC, Inc. has a 12-month low of $8.27 and a 12-month 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 for the quarter, missing the consensus estimate of $0.30 by ($0.02). The firm had revenue of $69.81 million during the quarter, compared to analysts’ expectations of $72.38 million. Barings BDC had a return on equity of 10.77% and a net margin of 45.35%. During the same period last year, the business earned $0.25 earnings per share. Equities research analysts anticipate that Barings BDC, Inc. will post 1.17 earnings per share for the current year.

Barings BDC Dividend Announcement

The firm 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. The ex-dividend date was Wednesday, June 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.19%. Barings BDC’s payout ratio is currently 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.