Pineridge Advisors LLC Trims Stake in Barings BDC, Inc. (NYSE:BBDC)

Pineridge Advisors LLC cut its stake in shares of Barings BDC, Inc. (NYSE:BBDC) by 17.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,098 shares of the company’s stock after selling 1,047 shares during the period. Pineridge Advisors LLC’s holdings in Barings BDC were worth $49,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BBDC. JPMorgan Chase & Co. raised its stake in shares of Barings BDC by 393.7% in the third quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock worth $25,000 after buying an additional 2,059 shares during the period. Nomura Asset Management Co. Ltd. purchased a new stake in Barings BDC in the 3rd quarter worth approximately $26,000. nVerses Capital LLC raised its stake in Barings BDC by 50.0% during the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock worth $32,000 after acquiring an additional 1,100 shares during the period. Entropy Technologies LP purchased a new position in Barings BDC during the fourth quarter valued at approximately $98,000. Finally, Centaurus Financial Inc. bought a new position in shares of Barings BDC in the third quarter worth approximately $99,000. Institutional investors own 44.09% of the company’s stock.

Barings BDC Stock Performance

Shares of NYSE BBDC opened at $10.13 on Tuesday. The stock has a market cap of $1.07 billion, a PE ratio of 9.38 and a beta of 0.69. Barings BDC, Inc. has a 1 year low of $8.79 and a 1 year high of $10.38. The firm has a fifty day moving average price of $9.72 and a 200-day moving average price of $9.82. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11.

Insiders Place Their Bets

In other news, insider Michael James O’connor sold 29,424 shares of Barings BDC stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $9.70, for a total transaction of $285,412.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stephen R. Byers bought 8,485 shares of the stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of $9.73 per share, for a total transaction of $82,559.05. Following the acquisition, the director now directly owns 50,001 shares of the company’s stock, valued at approximately $486,509.73. This represents a 20.44 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 14,048 shares of company stock worth $136,772. Corporate insiders own 0.45% of the company’s stock.

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.