nVerses Capital LLC Has $32,000 Stock Position in Barings BDC, Inc. (NYSE:BBDC)

nVerses Capital LLC boosted its position in shares of Barings BDC, Inc. (NYSE:BBDC) by 50.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,300 shares of the company’s stock after purchasing an additional 1,100 shares during the quarter. nVerses Capital LLC’s holdings in Barings BDC were worth $32,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Sound Income Strategies LLC grew its stake in shares of Barings BDC by 9.3% during the third quarter. Sound Income Strategies LLC now owns 12,877 shares of the company’s stock worth $126,000 after purchasing an additional 1,097 shares during the period. ProShare Advisors LLC boosted its position in shares of Barings BDC by 8.0% during the second quarter. ProShare Advisors LLC now owns 14,895 shares of the company’s stock worth $145,000 after purchasing an additional 1,101 shares in the last quarter. SeaCrest Wealth Management LLC grew its holdings in shares of Barings BDC by 6.7% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 19,169 shares of the company’s stock valued at $187,000 after buying an additional 1,200 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Barings BDC by 3.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 49,800 shares of the company’s stock valued at $485,000 after buying an additional 1,468 shares during the period. Finally, &PARTNERS increased its position in shares of Barings BDC by 6.3% in the 2nd quarter. &PARTNERS now owns 36,950 shares of the company’s stock valued at $360,000 after buying an additional 2,200 shares in the last quarter. 44.09% of the stock is currently owned by institutional investors and hedge funds.

Barings BDC Price Performance

NYSE BBDC opened at $9.81 on Wednesday. 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 stock has a market cap of $1.04 billion, a price-to-earnings ratio of 7.98 and a beta of 0.67. The business has a 50 day simple moving average of $9.86 and a 200 day simple moving average of $9.77. Barings BDC, Inc. has a 52-week low of $8.55 and a 52-week high of $10.27.

Barings BDC (NYSE:BBDC) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.10. Barings BDC had a net margin of 38.32% and a return on equity of 11.49%. The company had revenue of $74.89 million during the quarter, compared to the consensus estimate of $70.75 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share. Analysts anticipate that Barings BDC, Inc. will post 1.28 earnings per share for the current fiscal year.

Barings BDC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, September 4th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 10.60%. The ex-dividend date was Wednesday, September 4th. Barings BDC’s dividend payout ratio is 84.55%.

Wall Street Analysts Forecast Growth

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

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.