Two Sigma Advisers LP Sells 150,800 Shares of Barings BDC, Inc. (NYSE:BBDC)

Two Sigma Advisers LP lessened its holdings in Barings BDC, Inc. (NYSE:BBDC - Free Report) by 15.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 852,300 shares of the company's stock after selling 150,800 shares during the period. Two Sigma Advisers LP owned 0.81% of Barings BDC worth $8,157,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. grew its position in shares of Barings BDC by 393.7% during the third quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company's stock valued at $25,000 after purchasing an additional 2,059 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of Barings BDC during the fourth quarter valued at about $314,000. Chicago Partners Investment Group LLC grew its position in shares of Barings BDC by 56.0% during the fourth quarter. Chicago Partners Investment Group LLC now owns 23,101 shares of the company's stock valued at $216,000 after purchasing an additional 8,293 shares in the last quarter. Private Management Group Inc. grew its position in shares of Barings BDC by 2.8% during the fourth quarter. Private Management Group Inc. now owns 3,084,236 shares of the company's stock valued at $29,516,000 after purchasing an additional 83,408 shares in the last quarter. Finally, Financial Advocates Investment Management grew its position in shares of Barings BDC by 38.8% during the fourth quarter. Financial Advocates Investment Management now owns 18,854 shares of the company's stock valued at $180,000 after purchasing an additional 5,274 shares in the last quarter. Hedge funds and other institutional investors own 44.09% of the company's stock.

Barings BDC Trading Down 0.9%

BBDC traded down $0.08 on Thursday, hitting $9.25. The company had a trading volume of 90,822 shares, compared to its average volume of 455,206. The company has a market cap of $975.03 million, a PE ratio of 8.88 and a beta of 0.73. Barings BDC, Inc. has a 12-month low of $7.66 and a 12-month high of $10.85. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.37. The business's fifty day simple moving average is $8.86 and its 200 day simple moving average is $9.51.

Barings BDC (NYSE:BBDC - Get Free Report) last announced 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). The firm had revenue of $64.44 million during the quarter, compared to the consensus estimate of $67.78 million. Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. The firm's revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 EPS. Equities research analysts expect that Barings BDC, Inc. will post 1.13 EPS for the current year.

Barings BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, June 4th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 11.24%. Barings BDC's payout ratio is currently 110.64%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BBDC shares. Bank of America cut 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 dropped their price target on Barings BDC from $10.50 to $9.50 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company upgraded Barings BDC from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $8.50 to $9.50 in a research report on Wednesday.

About Barings BDC

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.