Barings BDC, Inc. (NYSE:BBDC) Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. boosted its stake in Barings BDC, Inc. (NYSE:BBDC) by 14.4% during the first quarter, Holdings Channel.com reports. The fund owned 587,603 shares of the company’s stock after purchasing an additional 74,013 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Barings BDC were worth $5,465,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BBDC. Alpine Global Management LLC purchased a new position in shares of Barings BDC in the third quarter valued at approximately $913,000. HighPoint Advisor Group LLC acquired a new position in Barings BDC in the 4th quarter valued at $815,000. Financial Gravity Asset Management Inc. lifted its holdings in Barings BDC by 1,692.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 266,969 shares of the company’s stock valued at $2,379,000 after purchasing an additional 252,079 shares in the last quarter. Quadrature Capital Ltd boosted its stake in Barings BDC by 104.8% during the 3rd quarter. Quadrature Capital Ltd now owns 40,029 shares of the company’s stock worth $357,000 after purchasing an additional 20,479 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Barings BDC by 6.4% during the third quarter. Advisors Asset Management Inc. now owns 395,948 shares of the company’s stock worth $3,528,000 after buying an additional 23,655 shares in the last quarter. Institutional investors and hedge funds own 44.09% of the company’s stock.

Barings BDC Price Performance

Shares of NYSE:BBDC traded up $0.05 during midday trading on Friday, hitting $9.73. The company had a trading volume of 479,801 shares, compared to its average volume of 462,365. Barings BDC, Inc. has a twelve month low of $7.60 and a twelve month high of $10.27. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 7.91 and a beta of 0.66. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11. The business’s 50-day simple moving average is $9.68 and its 200-day simple moving average is $9.29.

Barings BDC (NYSE:BBDC) last issued 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 net margin of 45.35% and a return on equity of 10.77%. The company had revenue of $69.81 million during the quarter, compared to analysts’ expectations of $72.38 million. During the same quarter in the previous year, the company earned $0.25 earnings per share. On average, research analysts predict that Barings BDC, Inc. will post 1.17 earnings per share for the current year.

Barings BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders 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 yield of 10.69%. The ex-dividend date was Wednesday, June 5th. Barings BDC’s dividend payout ratio (DPR) is presently 84.55%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Barings BDC

In other Barings BDC news, insider Michael Freno acquired 27,500 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was bought at an average cost of $9.73 per share, for a total transaction of $267,575.00. Following the completion of the transaction, the insider now owns 71,145 shares of the company’s stock, valued at approximately $692,240.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by company insiders.

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.