Bank of America Corp DE Trims Stock Position in Barings BDC, Inc. (NYSE:BBDC)

Bank of America Corp DE lowered its position in Barings BDC, Inc. (NYSE:BBDC - Free Report) by 9.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 532,492 shares of the company's stock after selling 54,681 shares during the period. Bank of America Corp DE owned about 0.50% of Barings BDC worth $5,096,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Wedbush Securities Inc. boosted its holdings in shares of Barings BDC by 5.1% during the 4th quarter. Wedbush Securities Inc. now owns 31,471 shares of the company's stock valued at $301,000 after purchasing an additional 1,530 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Barings BDC by 4.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 39,478 shares of the company's stock valued at $378,000 after purchasing an additional 1,565 shares during the last quarter. HighPoint Advisor Group LLC boosted its holdings in shares of Barings BDC by 3.1% during the 4th quarter. HighPoint Advisor Group LLC now owns 59,143 shares of the company's stock valued at $599,000 after purchasing an additional 1,754 shares during the last quarter. Stephens Inc. AR boosted its holdings in shares of Barings BDC by 11.2% during the 4th quarter. Stephens Inc. AR now owns 19,133 shares of the company's stock valued at $183,000 after purchasing an additional 1,930 shares during the last quarter. Finally, Cozad Asset Management Inc. boosted its holdings in shares of Barings BDC by 14.4% during the 4th quarter. Cozad Asset Management Inc. now owns 15,874 shares of the company's stock valued at $152,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors own 44.09% of the company's stock.

Barings BDC Price Performance

Shares of NYSE BBDC traded down $0.04 during mid-day trading on Thursday, hitting $9.30. 438,380 shares of the company's stock traded hands, compared to its average volume of 456,997. The company's 50-day moving average is $8.85 and its two-hundred day moving average is $9.51. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.14 and a quick ratio of 0.14. The company has a market capitalization of $979.78 million, a P/E ratio of 8.94 and a beta of 0.73. Barings BDC, Inc. has a 1 year low of $7.66 and a 1 year high of $10.85.

Barings BDC (NYSE:BBDC - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). The business had revenue of $64.44 million for the quarter, compared to analysts' expectations of $67.78 million. Barings BDC had a net margin of 38.54% and a return on equity of 10.94%. The firm's quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.28 earnings per share. On average, equities analysts anticipate that Barings BDC, Inc. will post 1.13 EPS for the current fiscal year.

Barings BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 11.19%. Barings BDC's dividend payout ratio is 110.64%.

Insider Activity

In other news, President Matthew Freund acquired 3,522 shares of Barings BDC stock in a transaction that occurred on Monday, May 19th. The shares were bought at an average cost of $9.07 per share, with a total value of $31,944.54. Following the transaction, the president now directly owns 20,002 shares of the company's stock, valued at $181,418.14. This trade represents a 21.37% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Eric J. Lloyd acquired 34,375 shares of Barings BDC stock in a transaction that occurred on Monday, May 19th. The stock was purchased at an average cost of $9.12 per share, for a total transaction of $313,500.00. Following the completion of the transaction, the chief executive officer now directly owns 73,569 shares in the company, valued at $670,949.28. This trade represents a 87.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.52% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wells Fargo & Company raised shares of Barings BDC from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $8.50 to $9.50 in a report on Wednesday. Keefe, Bruyette & Woods dropped their price objective on shares of Barings BDC from $10.50 to $9.50 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Finally, Bank of America dropped their price objective on shares of Barings BDC from $11.00 to $10.00 and set a "buy" rating for the company in a report on Monday, May 19th.

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.