CreativeOne Wealth LLC Invests $329,000 in Barings BDC, Inc. (NYSE:BBDC)

CreativeOne Wealth LLC acquired a new position in Barings BDC, Inc. (NYSE:BBDC) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 35,406 shares of the company’s stock, valued at approximately $329,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BBDC. Private Management Group Inc. boosted its holdings in Barings BDC by 2.7% during the fourth quarter. Private Management Group Inc. now owns 3,026,625 shares of the company’s stock worth $25,968,000 after buying an additional 79,150 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Barings BDC by 7.4% during the first quarter. Van ECK Associates Corp now owns 1,816,849 shares of the company’s stock worth $16,896,000 after buying an additional 125,717 shares in the last quarter. Relative Value Partners Group LLC boosted its holdings in Barings BDC by 0.8% during the fourth quarter. Relative Value Partners Group LLC now owns 1,371,488 shares of the company’s stock worth $11,767,000 after buying an additional 11,283 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Barings BDC by 2.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 663,895 shares of the company’s stock worth $6,174,000 after buying an additional 18,826 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in Barings BDC by 14.4% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 587,603 shares of the company’s stock worth $5,465,000 after buying an additional 74,013 shares in the last quarter. Institutional investors and hedge funds own 44.09% of the company’s stock.

Barings BDC Price Performance

BBDC traded up $0.15 during midday trading on Friday, hitting $10.14. 372,890 shares of the company traded hands, compared to its average volume of 313,855. 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 company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 8.25 and a beta of 0.67. Barings BDC, Inc. has a 52-week low of $8.23 and a 52-week high of $10.27. The business has a 50 day simple moving average of $9.88 and a two-hundred day simple moving average of $9.46.

Barings BDC (NYSE:BBDC) last posted its quarterly earnings results on Saturday, May 4th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). The business had revenue of $69.81 million during the quarter, compared to analysts’ expectations of $72.38 million. Barings BDC had a return on equity of 10.77% and a net margin of 45.35%. During the same period in the prior year, the business posted $0.25 earnings per share. On average, equities analysts forecast that Barings BDC, Inc. will post 1.17 earnings per share for the current fiscal year.

Barings BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, June 5th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.26%. The ex-dividend date of this dividend was Wednesday, June 5th. Barings BDC’s dividend payout ratio is presently 84.55%.

Analysts Set New Price Targets

BBDC has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Barings BDC from $10.00 to $10.50 and gave the stock 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.

Insider Buying and Selling at Barings BDC

In related news, insider Michael Freno purchased 27,500 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was acquired at an average cost of $9.73 per share, for a total transaction of $267,575.00. Following the completion of the transaction, the insider now directly owns 71,145 shares in the company, valued at $692,240.85. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company 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.