Hennion & Walsh Asset Management Inc. Has $3.58 Million Stock Holdings in Barings BDC, Inc. (NYSE:BBDC)

Hennion & Walsh Asset Management Inc. decreased its holdings in shares of Barings BDC, Inc. (NYSE:BBDC - Free Report) by 22.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 374,892 shares of the company's stock after selling 108,158 shares during the quarter. Hennion & Walsh Asset Management Inc. owned approximately 0.36% of Barings BDC worth $3,576,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in Barings BDC by 393.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company's stock worth $25,000 after purchasing an additional 2,059 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in shares of Barings BDC by 56.0% in 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 during the period. Private Management Group Inc. lifted its stake in shares of Barings BDC by 2.8% in the fourth quarter. Private Management Group Inc. now owns 3,084,236 shares of the company's stock worth $29,516,000 after buying an additional 83,408 shares during the last quarter. Financial Advocates Investment Management boosted its holdings in shares of Barings BDC by 38.8% during the 4th quarter. Financial Advocates Investment Management now owns 18,854 shares of the company's stock worth $180,000 after buying an additional 5,274 shares during the period. Finally, Consolidated Portfolio Review Corp bought a new stake in shares of Barings BDC during the 4th quarter worth $203,000. Institutional investors and hedge funds own 44.09% of the company's stock.

Barings BDC Stock Performance

NYSE BBDC traded down $0.04 during midday trading on Thursday, hitting $8.83. The company had a trading volume of 678,900 shares, compared to its average volume of 458,416. The firm has a fifty day simple moving average of $8.80 and a two-hundred day simple moving average of $9.48. Barings BDC, Inc. has a fifty-two week low of $7.66 and a fifty-two week 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 stock has a market cap of $930.23 million, a price-to-earnings ratio of 8.49 and a beta of 0.73.

Barings BDC (NYSE:BBDC - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.03). Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. The firm had revenue of $64.44 million for the quarter, compared to analyst estimates of $67.78 million. During the same period last year, the business earned $0.28 earnings per share. The firm's quarterly revenue was down 7.7% compared to the same quarter last year. Equities analysts forecast that Barings BDC, Inc. will post 1.13 earnings per share for the current fiscal year.

Barings BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 11.78%. Barings BDC's payout ratio is presently 110.64%.

Insider Buying and Selling at Barings BDC

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

Analyst Ratings Changes

A number of research firms have weighed in on BBDC. Keefe, Bruyette & Woods cut their target price on shares of 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. Wells Fargo & Company raised Barings BDC from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $8.50 to $9.50 in a research report on Wednesday, May 28th. Finally, Bank of America lowered their target price on Barings BDC from $11.00 to $10.00 and set a "buy" rating on the stock in a report on Monday, May 19th.

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.