Cwm LLC Has $143,000 Holdings in Barings BDC, Inc. (NYSE:BBDC)

Cwm LLC trimmed its position in shares of Barings BDC, Inc. (NYSE:BBDC) by 25.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,610 shares of the company’s stock after selling 4,905 shares during the period. Cwm LLC’s holdings in Barings BDC were worth $143,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new position in Barings BDC during the second quarter worth approximately $121,000. Advisory Alpha LLC acquired a new stake in shares of Barings BDC in the second quarter valued at approximately $99,000. Insigneo Advisory Services LLC bought a new position in shares of Barings BDC during the 2nd quarter worth approximately $108,000. Steel Grove Capital Advisors LLC increased its holdings in shares of Barings BDC by 8.6% during the 2nd quarter. Steel Grove Capital Advisors LLC now owns 126,098 shares of the company’s stock worth $1,227,000 after acquiring an additional 10,000 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Barings BDC by 8.0% during the 2nd quarter. ProShare Advisors LLC now owns 14,895 shares of the company’s stock worth $145,000 after acquiring an additional 1,101 shares during the last quarter. 44.09% of the stock is owned by institutional investors.

Barings BDC Stock Up 1.1 %

Barings BDC stock opened at $9.87 on Friday. The company’s 50-day moving average price is $9.86 and its two-hundred day moving average price is $9.77. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.04 billion, a P/E ratio of 9.49 and a beta of 0.67. Barings BDC, Inc. has a twelve month low of $8.55 and a twelve month high of $10.27.

Barings BDC (NYSE:BBDC) last announced its earnings results on Wednesday, August 7th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.10. The company had revenue of $74.89 million for the quarter, compared to analyst estimates of $70.75 million. Barings BDC had a return on equity of 11.49% and a net margin of 38.32%. During the same quarter last year, the company earned $0.31 earnings per share. As a group, analysts expect that Barings BDC, Inc. will post 1.28 EPS for the current year.

Barings BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.54%. The ex-dividend date was Wednesday, September 4th. Barings BDC’s dividend payout ratio is currently 100.00%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lifted their price objective on shares of Barings BDC from $9.00 to $9.50 and gave the stock 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.