Barings BDC, Inc. (NYSE:BBDC) Shares Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC raised its stake in shares of Barings BDC, Inc. (NYSE:BBDC) by 121.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,141 shares of the company’s stock after purchasing an additional 5,005 shares during the quarter. EntryPoint Capital LLC’s holdings in Barings BDC were worth $85,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Mather Group LLC. acquired a new stake in shares of Barings BDC in the first quarter worth $43,000. Pineridge Advisors LLC acquired a new stake in Barings BDC during the fourth quarter valued at $53,000. Tucker Asset Management LLC acquired a new stake in Barings BDC during the fourth quarter valued at $80,000. PFG Investments LLC acquired a new stake in Barings BDC during the first quarter valued at $109,000. Finally, Camelot Portfolios LLC acquired a new stake in Barings BDC during the fourth quarter valued at $118,000. Institutional investors and hedge funds own 44.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Barings BDC from $10.00 to $10.50 and gave the company a “market perform” rating in a report on Thursday, May 23rd. Wells Fargo & Company increased their price objective on shares of Barings BDC from $9.00 to $9.50 and gave the company an “equal weight” rating in a report on Friday.

Barings BDC Trading Up 1.1 %

BBDC stock traded up $0.11 during trading on Friday, reaching $10.10. 176,170 shares of the stock were exchanged, compared to its average volume of 447,005. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average price of $9.88 and a 200-day moving average price of $9.46. Barings BDC, Inc. has a 1 year low of $8.23 and a 1 year high of $10.27. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 8.11 and a beta of 0.67.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings results on Saturday, May 4th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The company had revenue of $69.81 million for the quarter, compared to analyst estimates of $72.38 million. Barings BDC had a net margin of 45.35% and a return on equity of 10.77%. During the same quarter in the prior year, the business 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, June 5th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.30%. The ex-dividend date of this dividend was Wednesday, June 5th. Barings BDC’s dividend payout ratio (DPR) is currently 84.55%.

Insider Buying and Selling

In other news, insider Michael Freno purchased 27,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was bought at an average price of $9.73 per share, for a total transaction of $267,575.00. Following the completion of the purchase, the insider now directly owns 71,145 shares of the company’s stock, valued at $692,240.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.45% of the stock is owned by 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.