64,485 Shares in Barings Bdc, Inc. $BBDC Bought by Ethos Financial Group LLC

Key Points

• Ethos Financial Group LLC has acquired 64,485 shares of Barings Bdc, Inc., representing a stake valued at approximately $615,000, increasing their ownership to 0.06% as of the end of the last quarter.
• Barings Bdc recently reported quarterly earnings of $0.28 EPS, exceeding analyst estimates, and announced a dividend of $0.26 payable on September 10th.
• Wall Street analysts have mixed views, with Bank of America lowering their price target to $10.00 while Wells Fargo upgraded their rating and raised the price target to $9.50.

Ethos Financial Group LLC bought a new stake in shares of Barings Bdc, Inc. (NYSE:BBDC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 64,485 shares of the company's stock, valued at approximately $615,000. Ethos Financial Group LLC owned about 0.06% of Barings Bdc as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BBDC. JPMorgan Chase & Co. lifted its position in Barings Bdc by 4,532.8% during the fourth quarter. JPMorgan Chase & Co. now owns 119,618 shares of the company's stock valued at $1,145,000 after acquiring an additional 117,036 shares during the last quarter. Mariner LLC acquired a new position in Barings Bdc during the 4th quarter valued at approximately $105,000. BI Asset Management Fondsmaeglerselskab A S increased its stake in Barings Bdc by 10.0% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 349,046 shares of the company's stock valued at $3,340,000 after purchasing an additional 31,594 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new position in Barings Bdc during the 4th quarter valued at approximately $108,000. Finally, Stifel Financial Corp increased its stake in Barings Bdc by 41.2% during the 4th quarter. Stifel Financial Corp now owns 90,513 shares of the company's stock valued at $866,000 after purchasing an additional 26,403 shares in the last quarter. Hedge funds and other institutional investors own 44.09% of the company's stock.

Barings Bdc Stock Performance

Shares of BBDC stock traded up $0.0650 during trading hours on Friday, hitting $9.7150. The company's stock had a trading volume of 394,405 shares, compared to its average volume of 357,696. The company has a 50 day moving average of $9.37 and a 200 day moving average of $9.31. The stock has a market cap of $1.02 billion, a PE ratio of 10.12 and a beta of 0.73. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.47. 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 released its quarterly earnings data on Thursday, August 7th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.26 by $0.02. The business had revenue of $74.40 million for the quarter, compared to the consensus estimate of $66.41 million. Barings Bdc had a net margin of 35.67% and a return on equity of 9.76%. During the same period in the prior year, the firm earned $0.40 EPS. On average, sell-side analysts forecast that Barings Bdc, Inc. will post 1.13 EPS for the current fiscal year.

Barings Bdc Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, September 3rd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 10.7%. The ex-dividend date of this dividend is Wednesday, September 3rd. Barings Bdc's dividend payout ratio is 108.33%.

Insider Buying and Selling at Barings Bdc

In other Barings Bdc news, Director Stephen R. Byers acquired 8,700 shares of the company's stock in a transaction dated Friday, June 6th. The shares were acquired at an average cost of $8.89 per share, with a total value of $77,343.00. Following the acquisition, the director directly owned 59,734 shares of the company's stock, valued at approximately $531,035.26. The trade was a 17.05% 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 company's stock in a transaction dated Friday, June 6th. The stock was acquired at an average cost of $8.84 per share, for a total transaction of $30,056.00. Following the completion of the acquisition, the chief financial officer directly owned 25,387 shares in the company, valued at approximately $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. 0.52% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wells Fargo & Company upgraded shares of Barings Bdc from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $8.50 to $9.50 in a research note on Wednesday, May 28th. Bank of America cut their price target on shares of Barings Bdc from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Barings Bdc currently has an average rating of "Moderate Buy" and a consensus target price of $9.67.

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.