Prime Capital Investment Advisors LLC Has $743,000 Holdings in Barings BDC, Inc. (NYSE:BBDC)

Prime Capital Investment Advisors LLC reduced its holdings in Barings BDC, Inc. (NYSE:BBDC) by 1.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 75,767 shares of the company’s stock after selling 1,123 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Barings BDC were worth $743,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. nVerses Capital LLC increased its position in shares of Barings BDC by 50.0% in the third quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock valued at $32,000 after acquiring an additional 1,100 shares during the last quarter. Asset Dedication LLC bought a new position in Barings BDC in the second quarter valued at approximately $36,000. EntryPoint Capital LLC increased its position in shares of Barings BDC by 121.0% during the 1st quarter. EntryPoint Capital LLC now owns 9,141 shares of the company’s stock worth $85,000 after purchasing an additional 5,005 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Barings BDC during the 2nd quarter worth approximately $86,000. Finally, Advisory Alpha LLC acquired a new stake in shares of Barings BDC in the 2nd quarter valued at approximately $99,000. 44.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wells Fargo & Company boosted their target price on shares of Barings BDC from $9.00 to $9.50 and gave the stock an “equal weight” rating in a report on Friday, July 26th.

Barings BDC Stock Up 0.6 %

BBDC stock opened at $9.95 on Friday. Barings BDC, Inc. has a 1-year low of $8.55 and a 1-year high of $10.27. The business’s 50 day simple moving average is $9.78 and its 200 day simple moving average is $9.83. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $1.05 billion, a PE ratio of 9.21 and a beta of 0.67.

Barings BDC (NYSE:BBDC) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $70.85 million during the quarter, compared to analyst estimates of $70.48 million. Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. During the same quarter in the prior year, the firm earned $0.31 earnings per share. As a group, research analysts anticipate that Barings BDC, Inc. will post 1.25 EPS for the current year.

Barings BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, December 4th. This represents a $1.04 annualized dividend and a yield of 10.45%. Barings BDC’s dividend payout ratio (DPR) is presently 96.30%.

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.