Barings Bdc, Inc. $BBDC Shares Sold by Caliber Wealth Management LLC KS

Key Points

• Caliber Wealth Management LLC reduced its stake in Barings Bdc, Inc. by 12.7%, owning 210,592 shares worth approximately $1.93 million after selling 30,534 shares in the 2nd quarter.
• Barings Bdc reported a quarterly earnings per share (EPS) of $0.28, exceeding analyst expectations of $0.26, with total revenue hitting $74.4 million.
• The company announced a quarterly dividend of $0.26 per share, payable on December 10th, indicating a dividend yield of 11.9% and a payout ratio of 108.33%.

Caliber Wealth Management LLC KS reduced its position in Barings Bdc, Inc. (NYSE:BBDC - Free Report) by 12.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,592 shares of the company's stock after selling 30,534 shares during the period. Caliber Wealth Management LLC KS owned about 0.20% of Barings Bdc worth $1,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in BBDC. Wealth Preservation Advisors LLC acquired a new stake in Barings Bdc during the first quarter valued at $29,000. Golden State Wealth Management LLC purchased a new stake in shares of Barings Bdc during the 1st quarter worth about $37,000. BOS Asset Management LLC acquired a new stake in shares of Barings Bdc during the 1st quarter valued at about $96,000. Goldman Sachs Group Inc. purchased a new position in shares of Barings Bdc in the 1st quarter valued at about $106,000. Finally, Sowell Financial Services LLC acquired a new position in Barings Bdc in the 1st quarter worth about $114,000. 44.09% of the stock is owned by hedge funds and other institutional investors.

Barings Bdc Stock Up 1.1%

BBDC stock opened at $8.72 on Wednesday. Barings Bdc, Inc. has a 52 week low of $7.66 and a 52 week high of $10.85. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.47. The firm has a 50-day simple moving average of $9.18 and a 200-day simple moving average of $9.08. The stock has a market capitalization of $916.46 million, a P/E ratio of 9.08 and a beta of 0.72.

Barings Bdc (NYSE:BBDC - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.02. Barings Bdc had a return on equity of 9.76% and a net margin of 35.67%.The company had revenue of $74.40 million for the quarter, compared to analysts' expectations of $66.41 million. During the same period in the previous year, the firm posted $0.40 EPS. Equities analysts forecast that Barings Bdc, Inc. will post 1.13 earnings per share for the current fiscal year.

Barings Bdc Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, December 3rd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 11.9%. The ex-dividend date is Wednesday, December 3rd. Barings Bdc's payout ratio is presently 108.33%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "hold (c+)" rating on shares of Barings Bdc in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $9.67.

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.

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