Barings BDC, Inc. (NYSE:BBDC) Shares Sold by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC reduced its stake in Barings BDC, Inc. (NYSE:BBDC) by 12.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 29,493 shares of the company’s stock after selling 4,194 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Barings BDC were worth $289,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BBDC. Nomura Asset Management Co. Ltd. acquired a new stake in Barings BDC during the 3rd quarter worth approximately $26,000. MML Investors Services LLC acquired a new stake in Barings BDC during the 3rd quarter worth approximately $99,000. Jane Street Group LLC acquired a new stake in Barings BDC during the 3rd quarter worth approximately $307,000. Kovitz Investment Group Partners LLC acquired a new stake in Barings BDC during the 3rd quarter worth approximately $10,549,000. Finally, Stifel Financial Corp lifted its holdings in Barings BDC by 1.6% during the 3rd quarter. Stifel Financial Corp now owns 64,110 shares of the company’s stock worth $628,000 after buying an additional 1,017 shares in the last quarter. 44.09% of the stock is currently owned by institutional investors and hedge funds.

Barings BDC Price Performance

Barings BDC stock opened at $9.71 on Friday. The firm has a market cap of $1.02 billion, a PE ratio of 8.99 and a beta of 0.68. Barings BDC, Inc. has a 52-week low of $8.55 and a 52-week high of $10.38. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average is $9.86 and its two-hundred day moving average is $9.87.

Barings BDC (NYSE:BBDC) last released its earnings results on Wednesday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Barings BDC had a return on equity of 11.24% and a net margin of 39.59%. The business had revenue of $70.85 million for the quarter, compared to analyst estimates of $70.48 million. During the same quarter last year, the company earned $0.31 earnings per share. On average, research analysts expect that Barings BDC, Inc. will post 1.24 EPS for the current fiscal year.

Barings BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, December 4th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.72%. The ex-dividend date of this dividend was Wednesday, December 4th. Barings BDC’s dividend payout ratio is presently 96.30%.

Insider Buying and Selling at Barings BDC

In other news, Director Stephen R. Byers acquired 8,485 shares of the company’s stock in a transaction on Friday, December 13th. The shares were bought at an average cost of $9.73 per share, with a total value of $82,559.05. Following the transaction, the director now owns 50,001 shares in the company, valued at approximately $486,509.73. This trade represents a 20.44 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael James O’connor sold 29,424 shares of the 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 disclosure for this sale can be found here. In the last three months, insiders have bought 14,048 shares of company stock valued at $136,772. Insiders own 0.45% of the company’s stock.

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.