Sunbelt Securities Inc. Has $518,000 Position in Barings BDC, Inc. (NYSE:BBDC)

Sunbelt Securities Inc. trimmed its stake in shares of Barings BDC, Inc. (NYSE:BBDC) by 19.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,883 shares of the company’s stock after selling 12,850 shares during the quarter. Sunbelt Securities Inc.’s holdings in Barings BDC were worth $518,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. acquired a new position in shares of Barings BDC during the third quarter worth $26,000. nVerses Capital LLC increased its holdings in Barings BDC by 50.0% in the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock worth $32,000 after purchasing an additional 1,100 shares in the last quarter. Asset Dedication LLC bought a new position in Barings BDC in the second quarter valued at about $36,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Barings BDC during the second quarter valued at about $86,000. Finally, Advisory Alpha LLC bought a new stake in shares of Barings BDC during the second quarter worth about $99,000. 44.09% of the stock is currently owned by institutional investors and hedge funds.

Barings BDC Stock Performance

Barings BDC stock opened at $9.79 on Friday. The business has a 50 day moving average of $9.86 and a 200-day moving average of $9.87. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. Barings BDC, Inc. has a 1 year low of $8.55 and a 1 year high of $10.38. The company has a market capitalization of $1.03 billion, a P/E ratio of 9.06 and a beta of 0.68.

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

Barings BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, December 4th were given a $0.26 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.63%. Barings BDC’s dividend payout ratio (DPR) is presently 96.30%.

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.