Caliber Wealth Management LLC KS Buys New Shares in Barings Bdc, Inc. (NYSE:BBDC)

Key Points

• Caliber Wealth Management LLC KS has acquired 241,126 new shares in Barings Bdc, valued at approximately $2.3 million, growing its ownership to about 0.23% as of the latest SEC filing.
• Several institutional investors, including Wells Fargo & Company and JPMorgan Chase & Co., have significantly adjusted their positions in Barings Bdc, highlighting increased interest in the company's stock.
• Barings Bdc recently reported quarterly earnings of $0.25 EPS, missing estimates and showing a 7.7% year-over-year revenue decline, yet it also announced a quarterly dividend of $0.26, providing a yield of 10.87%.

Caliber Wealth Management LLC KS bought a new stake in Barings Bdc, Inc. (NYSE:BBDC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 241,126 shares of the company's stock, valued at approximately $2,300,000. Caliber Wealth Management LLC KS owned 0.23% of Barings Bdc at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Golden State Wealth Management LLC purchased a new position in Barings Bdc during the first quarter worth about $37,000. Ameriflex Group Inc. bought a new stake in shares of Barings Bdc in the 4th quarter worth approximately $80,000. Nomura Asset Management Co. Ltd. increased its position in Barings Bdc by 276.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 10,144 shares of the company's stock valued at $97,000 after acquiring an additional 7,448 shares during the period. Mariner LLC acquired a new position in shares of Barings Bdc during the 4th quarter valued at $105,000. Finally, OneDigital Investment Advisors LLC acquired a new position in shares of Barings Bdc in the 4th quarter worth $108,000. Institutional investors and hedge funds own 44.09% of the company's stock.

Analyst Upgrades and Downgrades

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

Barings Bdc Stock Down 1.6%

BBDC stock traded down $0.16 during trading hours on Monday, reaching $9.43. 280,641 shares of the stock were exchanged, compared to its average volume of 487,917. The firm's 50-day moving average is $9.23 and its 200-day moving average is $9.35. The company has a market cap of $993.49 million, a price-to-earnings ratio of 10.03 and a beta of 0.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.13 and a quick ratio of 0.13. Barings Bdc, Inc. has a 12 month low of $7.66 and a 12 month high of $10.85.

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 for the quarter, missing the consensus estimate of $0.28 by ($0.03). The company had revenue of $64.44 million during the quarter, compared to the consensus estimate of $67.78 million. Barings Bdc had a net margin of 35.21% and a return on equity of 10.74%. Barings Bdc's revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 EPS. On average, equities research analysts expect that Barings Bdc, Inc. will post 1.13 earnings per share for the current year.

Barings Bdc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, June 4th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 11.03%. Barings Bdc's dividend payout ratio (DPR) is currently 110.64%.

Insider Activity

In other Barings Bdc news, President Matthew Freund bought 3,522 shares of the stock in a transaction dated 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 completion of the acquisition, the president owned 20,002 shares of the company's stock, valued at $181,418.14. This trade represents a 21.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Elizabeth A. Murray acquired 3,400 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was purchased at an average cost of $8.84 per share, for a total transaction of $30,056.00. Following the completion of the purchase, the chief financial officer directly owned 25,387 shares of the company's stock, valued at $224,421.08. The trade was a 15.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 49,997 shares of company stock valued at $452,844. Company insiders own 0.52% of the company's stock.

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.