Wealth Enhancement Advisory Services LLC Has $1.45 Million Position in BARINGS BDC, INC. (NYSE:BBDC)

Wealth Enhancement Advisory Services LLC grew its stake in BARINGS BDC, INC. (NYSE:BBDC - Free Report) by 86.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 152,340 shares of the company's stock after purchasing an additional 70,691 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.14% of BARINGS BDC worth $1,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Wells Fargo & Company MN raised its stake 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in BARINGS BDC in the fourth quarter valued at about $8,891,000. Icon Advisers Inc. Co. purchased a new stake in shares of BARINGS BDC during the 4th quarter worth approximately $2,577,000. Jane Street Group LLC boosted its stake in shares of BARINGS BDC by 200.9% during the 4th quarter. Jane Street Group LLC now owns 94,164 shares of the company's stock worth $901,000 after acquiring an additional 62,866 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake 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 worth $378,000 after acquiring an additional 1,565 shares in the last quarter. 44.09% of the stock is currently owned by hedge funds and other institutional investors.

BARINGS BDC Price Performance

Shares of BARINGS BDC stock traded up $0.05 during trading on Friday, hitting $9.28. 207,826 shares of the company were exchanged, compared to its average volume of 457,964. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.42. BARINGS BDC, INC. has a fifty-two week low of $7.66 and a fifty-two week high of $10.85. The stock has a market capitalization of $978.20 million, a price-to-earnings ratio of 9.87 and a beta of 0.70. The firm has a 50 day moving average price of $9.00 and a 200 day moving average price of $9.35.

BARINGS BDC (NYSE:BBDC - Get Free Report) last issued its quarterly earnings data 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). 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 analyst estimates of $67.78 million. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The company's revenue for the quarter was down 7.7% on a year-over-year basis. On average, equities analysts expect that BARINGS BDC, INC. will post 1.13 earnings per share for the current fiscal year.

BARINGS BDC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, June 4th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 11.21%. BARINGS BDC's dividend payout ratio (DPR) is 110.64%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods decreased their price target on BARINGS BDC from $10.50 to $9.50 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Bank of America decreased their price target on BARINGS BDC from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Finally, Wells Fargo & Company upgraded BARINGS BDC from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $8.50 to $9.50 in a research report on Wednesday, May 28th.

Insider Buying and Selling at BARINGS BDC

In other BARINGS BDC news, CEO Eric J. Lloyd acquired 34,375 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was acquired at an average price of $9.12 per share, with a total value of $313,500.00. Following the transaction, the chief executive officer directly owned 73,569 shares in the company, valued at approximately $670,949.28. This represents a 87.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Matthew Freund bought 3,522 shares of the firm's stock in a transaction on Monday, May 19th. The stock was purchased at an average price of $9.07 per share, with a total value of $31,944.54. Following the transaction, the president owned 20,002 shares in the company, valued at $181,418.14. The trade was a 21.37% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 49,997 shares of company stock valued at $452,844 in the last quarter. Company insiders own 0.52% of the company's stock.

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.