Newbridge Financial Services Group Inc. Sells 1,370 Shares of Barings BDC, Inc. (NYSE:BBDC)

Newbridge Financial Services Group Inc. lowered its stake in Barings BDC, Inc. (NYSE:BBDC) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,507 shares of the company’s stock after selling 1,370 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Barings BDC were worth $219,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Pineridge Advisors LLC bought a new position in shares of Barings BDC in the fourth quarter worth about $53,000. Tucker Asset Management LLC bought a new position in shares of Barings BDC in the fourth quarter worth about $80,000. Bouchey Financial Group Ltd bought a new position in shares of Barings BDC in the fourth quarter worth about $88,000. JT Stratford LLC purchased a new stake in shares of Barings BDC during the third quarter worth about $107,000. Finally, Camelot Portfolios LLC purchased a new stake in shares of Barings BDC during the fourth quarter worth about $118,000. Institutional investors own 44.09% of the company’s stock.

Insider Buying and Selling

In other Barings BDC news, insider Michael Freno purchased 27,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was purchased at an average cost of $9.73 per share, with a total value of $267,575.00. Following the purchase, the insider now owns 71,145 shares of the company’s stock, valued at $692,240.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is owned by corporate insiders.

Barings BDC Stock Performance

NYSE BBDC opened at $9.53 on Wednesday. The stock has a market capitalization of $1.01 billion, a PE ratio of 7.75 and a beta of 0.66. The business has a 50 day simple moving average of $9.62 and a two-hundred day simple moving average of $9.25. 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 1-year low of $7.58 and a 1-year high of $10.27.

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). The firm had revenue of $69.81 million for the quarter, compared to analysts’ expectations of $72.38 million. Barings BDC had a net margin of 45.35% and a return on equity of 10.77%. During the same quarter in the prior year, the business earned $0.25 EPS. On average, research analysts predict that Barings BDC, Inc. will post 1.17 EPS for the current fiscal 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 dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.91%. The ex-dividend date of this dividend was Wednesday, June 5th. Barings BDC’s dividend payout ratio is currently 84.55%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods increased their target price on Barings BDC from $10.00 to $10.50 and gave the stock a “market perform” rating in a research report on Thursday, May 23rd.

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.