Quadrature Capital Ltd Trims Stock Position in Barings BDC, Inc. (NYSE:BBDC)

Quadrature Capital Ltd lessened its holdings in Barings BDC, Inc. (NYSE:BBDC) by 22.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,054 shares of the company’s stock after selling 8,975 shares during the period. Quadrature Capital Ltd’s holdings in Barings BDC were worth $266,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BBDC. Financial Gravity Asset Management Inc. raised its position in Barings BDC by 1,692.9% in the third quarter. Financial Gravity Asset Management Inc. now owns 266,969 shares of the company’s stock worth $2,379,000 after acquiring an additional 252,079 shares during the period. Privium Fund Management UK Ltd purchased a new position in Barings BDC during the fourth quarter valued at $1,533,000. Van ECK Associates Corp grew its holdings in 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 during the period. Alpine Global Management LLC purchased a new stake in Barings BDC in the third quarter worth about $913,000. Finally, Private Management Group Inc. raised its stake in shares of Barings BDC by 2.7% in the fourth quarter. Private Management Group Inc. now owns 3,026,625 shares of the company’s stock worth $25,968,000 after buying an additional 79,150 shares during the period. Hedge funds and other institutional investors own 44.09% of the company’s stock.

Insider Buying and Selling

In related news, insider Michael Freno purchased 27,500 shares of Barings BDC stock in a transaction on Thursday, May 9th. The shares were bought at an average cost of $9.73 per share, for a total transaction of $267,575.00. Following the acquisition, the insider now owns 71,145 shares in the company, valued at approximately $692,240.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is owned by company insiders.

Barings BDC Trading Up 1.0 %

Shares of BBDC stock opened at $9.70 on Thursday. 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 stock has a fifty day simple moving average of $9.66 and a two-hundred day simple moving average of $9.28. The firm has a market capitalization of $1.03 billion, a PE ratio of 7.89 and a beta of 0.66. Barings BDC, Inc. has a 52-week low of $7.60 and a 52-week 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, analysts predict that Barings BDC, Inc. will post 1.17 EPS 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 10.72%. The ex-dividend date of this dividend was Wednesday, June 5th. Barings BDC’s dividend payout ratio (DPR) is presently 84.55%.

Analyst Ratings Changes

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

About Barings BDC

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.