Crewe Advisors LLC Sells 11,406 Shares of Barings BDC, Inc. (NYSE:BBDC)

Crewe Advisors LLC trimmed its holdings in shares of Barings BDC, Inc. (NYSE:BBDC) by 72.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,431 shares of the company’s stock after selling 11,406 shares during the period. Crewe Advisors LLC’s holdings in Barings BDC were worth $43,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BBDC. Confluence Investment Management LLC bought a new stake in Barings BDC during the 1st quarter valued at about $4,666,000. Harbor Capital Advisors Inc. increased its position in shares of Barings BDC by 273.4% during the second quarter. Harbor Capital Advisors Inc. now owns 297,938 shares of the company’s stock valued at $2,899,000 after acquiring an additional 218,146 shares in the last quarter. Privium Fund Management UK Ltd bought a new stake in shares of Barings BDC during the fourth quarter valued at approximately $1,533,000. Van ECK Associates Corp raised its holdings in Barings BDC by 10.5% in the 4th quarter. Van ECK Associates Corp now owns 1,691,132 shares of the company’s stock worth $14,510,000 after acquiring an additional 161,127 shares during the last quarter. Finally, Steel Grove Capital Advisors LLC bought a new position in Barings BDC in the 1st quarter valued at approximately $1,080,000. 44.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BBDC has been the subject of a number of research analyst reports. 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. Keefe, Bruyette & Woods lifted their price objective on Barings BDC from $10.00 to $10.50 and gave the stock a “market perform” rating in a report on Thursday, May 23rd.

Barings BDC Stock Performance

BBDC stock traded up $0.04 on Friday, hitting $10.06. The company had a trading volume of 384,087 shares, compared to its average volume of 443,346. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 8.17 and a beta of 0.67. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29. The stock’s 50-day simple moving average is $9.93 and its 200 day simple moving average is $9.64. Barings BDC, Inc. has a 12-month low of $8.55 and a 12-month high of $10.27.

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

Barings BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Wednesday, September 4th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.34%. Barings BDC’s dividend payout ratio is currently 84.55%.

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.