Kingswood Wealth Advisors LLC Grows Position in Barings Bdc, Inc. (NYSE:BBDC)

Kingswood Wealth Advisors LLC increased its holdings in Barings Bdc, Inc. (NYSE:BBDC - Free Report) by 148.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,335 shares of the company's stock after purchasing an additional 48,543 shares during the quarter. Kingswood Wealth Advisors LLC owned approximately 0.08% of Barings Bdc worth $774,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cresset Asset Management LLC bought a new stake in shares of Barings Bdc in the 4th quarter valued at $16,542,000. Raymond James Financial Inc. acquired a new position in Barings Bdc in the fourth quarter valued at $8,891,000. Wells Fargo & Company MN lifted its holdings in Barings Bdc by 85.4% in the fourth quarter. Wells Fargo & Company MN now owns 705,628 shares of the company's stock valued at $6,753,000 after buying an additional 324,945 shares during the period. Icon Advisers Inc. Co. bought a new stake in Barings Bdc during the fourth quarter valued at $2,577,000. Finally, JPMorgan Chase & Co. grew its holdings in Barings Bdc by 4,532.8% during the 4th quarter. JPMorgan Chase & Co. now owns 119,618 shares of the company's stock worth $1,145,000 after acquiring an additional 117,036 shares during the period. 44.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Barings Bdc news, CEO Eric J. Lloyd acquired 34,375 shares of Barings Bdc stock in a transaction dated 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 acquisition, the chief executive officer now directly owns 73,569 shares of the company's stock, valued at $670,949.28. This represents a 87.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Matthew Freund bought 3,522 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was acquired at an average price of $9.07 per share, for a total transaction of $31,944.54. Following the acquisition, the president now directly owns 20,002 shares in the company, valued at $181,418.14. The trade was a 21.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 49,997 shares of company stock worth $452,844 over the last quarter. 0.52% of the stock is currently owned by corporate insiders.

Barings Bdc Stock Up 0.8%

NYSE:BBDC traded up $0.08 during trading hours on Tuesday, reaching $9.03. The company had a trading volume of 392,405 shares, compared to its average volume of 457,079. Barings Bdc, Inc. has a twelve month low of $7.66 and a twelve month high of $10.85. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.42. The firm has a market cap of $951.43 million, a price-to-earnings ratio of 9.60 and a beta of 0.71. The business's 50-day simple moving average is $8.92 and its two-hundred day simple moving average is $9.38.

Barings Bdc (NYSE:BBDC - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.03). Barings Bdc had a return on equity of 10.74% and a net margin of 35.21%. The company had revenue of $64.44 million for the quarter, compared to the consensus estimate of $67.78 million. During the same period last year, the company earned $0.28 EPS. Barings Bdc's revenue for the quarter was down 7.7% compared to the same quarter last year. On average, equities analysts expect that Barings Bdc, Inc. will post 1.13 earnings per share for the current year.

Barings Bdc Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, June 4th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 11.52%. Barings Bdc's dividend payout ratio is 110.64%.

Analyst Ratings Changes

BBDC has been the subject of several research analyst reports. Bank of America lowered their price objective on Barings Bdc from $11.00 to $10.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Keefe, Bruyette & Woods lowered their target price on 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, Wells Fargo & Company raised Barings Bdc from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $8.50 to $9.50 in a research note on Wednesday, May 28th.

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.