Sanctuary Advisors LLC Invests $121,000 in Barings BDC, Inc. (NYSE:BBDC)

Sanctuary Advisors LLC purchased a new stake in Barings BDC, Inc. (NYSE:BBDC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,948 shares of the company’s stock, valued at approximately $121,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Asset Dedication LLC bought a new stake in shares of Barings BDC in the 2nd quarter worth $36,000. Mather Group LLC. purchased a new position in Barings BDC during the first quarter worth about $43,000. EntryPoint Capital LLC grew its position in Barings BDC by 121.0% in the 1st quarter. EntryPoint Capital LLC now owns 9,141 shares of the company’s stock worth $85,000 after purchasing an additional 5,005 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Barings BDC in the 2nd quarter valued at about $86,000. Finally, Advisory Alpha LLC bought a new position in shares of Barings BDC during the 2nd quarter worth approximately $99,000. Institutional investors and hedge funds own 44.09% of the company’s stock.

Barings BDC Price Performance

Shares of NYSE:BBDC opened at $9.82 on Tuesday. Barings BDC, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $10.27. The company’s 50-day moving average is $9.86 and its 200 day moving average is $9.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market capitalization of $1.04 billion, a P/E ratio of 7.98 and a beta of 0.67.

Barings BDC (NYSE:BBDC) last released its earnings results on Wednesday, August 7th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.10. Barings BDC had a net margin of 38.32% and a return on equity of 11.49%. The firm had revenue of $74.89 million for the quarter, compared to analysts’ expectations of $70.75 million. During the same period in the previous year, the company earned $0.31 earnings per share. On average, equities research analysts forecast that Barings BDC, Inc. will post 1.28 earnings per share for the current year.

Barings BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, September 4th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 10.59%. The ex-dividend date of this dividend was Wednesday, September 4th. Barings BDC’s dividend payout ratio is currently 84.55%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company increased their price target on Barings BDC from $9.00 to $9.50 and gave the company an “equal weight” rating in a research report on Friday, July 26th.

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.