Wedbush Securities Inc. Purchases 1,910 Shares of Barings BDC, Inc. (NYSE:BBDC)

Posted by on Apr 19th, 2023

Wedbush Securities Inc. grew its position in Barings BDC, Inc. (NYSE:BBDC – Get Rating) by 6.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,845 shares of the company’s stock after purchasing an additional 1,910 shares during the period. Wedbush Securities Inc.’s holdings in Barings BDC were worth $243,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BBDC. Ares Management LLC increased its stake in Barings BDC by 13.1% in the 1st quarter. Ares Management LLC now owns 5,350,155 shares of the company’s stock valued at $55,321,000 after buying an additional 619,503 shares during the last quarter. UBS Group AG increased its position in shares of Barings BDC by 7.5% during the third quarter. UBS Group AG now owns 2,214,832 shares of the company’s stock valued at $18,317,000 after acquiring an additional 154,742 shares during the last quarter. Cliffwater LLC lifted its holdings in Barings BDC by 2.5% during the third quarter. Cliffwater LLC now owns 1,608,808 shares of the company’s stock worth $13,305,000 after acquiring an additional 39,492 shares during the period. Wells Fargo & Company MN boosted its position in Barings BDC by 37.2% in the second quarter. Wells Fargo & Company MN now owns 1,502,222 shares of the company’s stock worth $13,986,000 after purchasing an additional 407,203 shares during the last quarter. Finally, Private Management Group Inc. bought a new position in Barings BDC in the 3rd quarter valued at $9,301,000. 49.23% of the stock is owned by institutional investors.

Barings BDC Stock Down 2.2 %

BBDC stock opened at $7.59 on Wednesday. The stock has a fifty day moving average of $8.08 and a 200-day moving average of $8.46. Barings BDC, Inc. has a fifty-two week low of $7.45 and a fifty-two week high of $10.99. The company has a market capitalization of $819.11 million, a price-to-earnings ratio of 75.91 and a beta of 0.70. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.24 and a current ratio of 0.24.

Barings BDC (NYSE:BBDC – Get Rating) last issued its earnings results on Friday, February 24th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. Barings BDC had a net margin of 2.14% and a return on equity of 9.27%. The firm had revenue of $63.47 million during the quarter, compared to analyst estimates of $62.47 million. During the same quarter last year, the business earned $0.23 earnings per share. As a group, equities research analysts predict that Barings BDC, Inc. will post 1.16 earnings per share for the current year.

Barings BDC Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 13.18%. This is a positive change from Barings BDC’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 7th. Barings BDC’s payout ratio is currently 1,000.10%.

Insider Buying and Selling at Barings BDC

In related news, Director Thomas Okel acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The shares were bought at an average cost of $8.05 per share, for a total transaction of $80,500.00. Following the purchase, the director now owns 20,037 shares in the company, valued at approximately $161,297.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired 20,466 shares of company stock valued at $161,184 in the last 90 days. 0.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wells Fargo & Company lowered their target price on Barings BDC from $10.00 to $9.75 and set an “overweight” rating on the stock in a research note on Monday, February 27th. Oppenheimer cut shares of Barings BDC from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $10.00 to $9.00 in a research note on Friday, February 24th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $9.94.

Barings BDC Profile

(Get Rating)

Barings BDC, Inc is a closed-end management investment company, which engages in the provision of customized financing primarily to lower middle market companies. Its investment objective is to seek returns by generating current income from our debt investments, and capital appreciation from our equity-related investments.

Featured Articles

Institutional Ownership by Quarter for Barings BDC (NYSE:BBDC)

Receive News & Ratings for Barings BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barings BDC and related companies with MarketBeat.com's FREE daily email newsletter.