According to the company’s most recent filing with the SEC, Strategic Wealth Advisors Group LLC acquired Barings BDC, Inc. in Q1. (NYSE:BBDC – Get Rating) bought a new stake in its stock. The fund has purchased 89,481 shares of the company, worth approximately $940,000. Strategic Wealth Advisors Group LLC owned approximately 0.14% of Barings BDC as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes in their positions with the company. Carolina Wealth Advisors LLC purchased a new $33,000 stake in Barings BDC stock in Q1. Geneos Wealth Management Inc. In Q4, Barings increased its position in BDC’s shares by 108.6%. Geneos Wealth Management Inc. now owns 3,457 shares of the company, worth $38,000, after purchasing an additional 1,800 shares in the last quarter. Curi Wealth Management LLC purchased a new $39,000 stake in Barings BDC in Q1. TCI Wealth Advisors Inc. In Q1 Barings purchased a new $43,000 stake in BDC stock. Finally, Newbridge Financial Services Group Inc. In Q1 Barings purchased a new $71,000 stake in BDC. Institutional investors own 66.03% of the company’s shares.
Barings BDC Price Performance
BBDC stock opened at $10.16 on Friday. The stock’s 50-day moving average price is $9.68 and its two hundred-day moving average price is $10.20. The stock has a market cap of $1.11 billion, a PE ratio of 24.19, and a beta of 0.60. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt/equity ratio of 0.65. Barings BDC, Inc. It has a 1-year low of $9.18 and a 1-year high of $11.55.
Barings BDC (NYSE:BBDC – Rating) last announced its earnings results on Tuesday, August 9th. The company reported earnings per share (EPS) of $0.22 for the quarter, missing analysts’ consensus estimates of $0.24 ($0.02). The firm generated $55.59 million in revenue for the quarter, compared to the consensus estimate of $50.94 million. Barings BDC’s return on equity was 7.97% and its net margin was 12.83%. Barings BDC’s quarterly revenue increased 67.7% year-on-year. In the same quarter last year, the company posted an EPS rating of 0.22. Equity analysts estimate Barings BDC, Inc. will post EPS of 1.03 for the current fiscal year.
Barings BDC Announces Dividend
The firm also recently announced a quarterly dividend payable on Wednesday, September 14. On Wednesday, September 7, record shareholders will be paid a $0.24 dividend per share. The old dividend distribution date of this dividend is Tuesday, September 6th. This translates to an annual dividend of $0.96 and a dividend yield of 9.45%. Barings BDC’s dividend payout ratio is 228.57%.
Changes in Analyst Ratings
Recently, a number of analysts have commented on BBDC stocks. TheStreet upgraded Barings BDC’s shares from “c” to “b” in a research report released Wednesday, May 25. In a research report released Thursday, August 11, Raymond James downgraded Barings BDC’s shares from a “strong buy” rating to a “better” grade and lowered its price target for the company from $12.50 to $11.50. Most recently, Wells Fargo & Company lowered its price target for Barings BDC’s shares from $13.00 to $12.50, setting an “overweight” rating for the company in a research report Monday, April 25.
Baringler BDC Profile
Barings BDC, Inc (NYSE: BBDC) is a publicly traded, externally managed investment firm that has chosen to be treated as a business development company under the Investment Company Act of 1940. It aims to invest primarily in senior secured loans, initial lien debt. , unit currency, lien debt, subordinated debt, equity co-investments and top-secured private debt investments in private middle market companies operating in a wide variety of industries.
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