Financial Gravity Asset Management Inc. Buys Shares of 301,719 Barings Bdc, Inc. (NYSE:BBDC)

Financial Gravity Asset Management Inc. bought a new stake in Barings Bdc, Inc. (NYSE:BBDC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 301,719 shares of the company's stock, valued at approximately $2,878,000. Financial Gravity Asset Management Inc. owned approximately 0.29% of Barings Bdc as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in BBDC. Lee Danner & Bass Inc. purchased a new stake in Barings Bdc in the 4th quarter valued at $25,000. Golden State Wealth Management LLC purchased a new position in shares of Barings Bdc during the 1st quarter worth $37,000. Ameriflex Group Inc. purchased a new position in shares of Barings Bdc during the 4th quarter worth $80,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of Barings Bdc by 276.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 10,144 shares of the company's stock worth $97,000 after purchasing an additional 7,448 shares during the period. Finally, Mariner LLC purchased a new position in shares of Barings Bdc during the 4th quarter worth $105,000. 44.09% of the stock is currently owned by hedge funds and other institutional investors.

Barings Bdc Stock Performance

NYSE BBDC opened at $9.27 on Thursday. The stock has a fifty day simple moving average of $9.03 and a 200-day simple moving average of $9.35. Barings Bdc, Inc. has a twelve month low of $7.66 and a twelve month high of $10.85. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.42. The stock has a market cap of $977.14 million, a PE ratio of 9.86 and a beta of 0.70.

Barings Bdc (NYSE:BBDC - Get Free Report) last posted its earnings results 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 firm had revenue of $64.44 million for the quarter, compared to analyst estimates of $67.78 million. During the same period in the previous year, the company posted $0.28 EPS. Barings Bdc's revenue was down 7.7% on a year-over-year basis. Equities analysts anticipate that Barings Bdc, Inc. will post 1.13 earnings per share for the current year.

Barings Bdc Dividend Announcement

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 dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 11.22%. Barings Bdc's payout ratio is 110.64%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company upgraded Barings Bdc from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $8.50 to $9.50 in a 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 for the company in a report on Tuesday, April 8th. Finally, Bank of America lowered their price target on Barings Bdc from $11.00 to $10.00 and set a "buy" rating for the company in a report on Monday, May 19th.

Insider Transactions at Barings Bdc

In other Barings Bdc news, CEO Eric J. Lloyd purchased 34,375 shares of the company's stock in a transaction on Monday, May 19th. The stock was acquired at an average price of $9.12 per share, for a total transaction of $313,500.00. Following the completion of the purchase, the chief executive officer directly owned 73,569 shares in the company, valued at approximately $670,949.28. The trade was a 87.70% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Matthew Freund purchased 3,522 shares of Barings Bdc stock in a transaction on Monday, May 19th. The stock was bought at an average cost of $9.07 per share, for a total transaction of $31,944.54. Following the transaction, the president directly owned 20,002 shares in the company, valued at $181,418.14. This represents 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 in the last 90 days. Insiders own 0.52% of the company's stock.

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.

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