Kingstone Capital Partners Texas LLC Grows Position in BARINGS BDC, INC. $BBDC

Key Points

• Kingstone Capital Partners Texas LLC significantly increased its stake in Barings BDC, acquiring an additional 43,601,636 shares, bringing its total ownership to approximately 41.38% of the company.
• Barings BDC reported a quarterly EPS of $0.28, exceeding analysts' expectations of $0.26, with revenues reaching $74.40 million for the quarter.
• Wells Fargo upgraded Barings BDC's stock rating from "equal weight" to "overweight" and raised the price target from $8.50 to $9.50, reflecting growing confidence in the company's performance.

Kingstone Capital Partners Texas LLC increased its stake in shares of BARINGS BDC, INC. (NYSE:BBDC - Free Report) by 293,218.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,616,506 shares of the company's stock after buying an additional 43,601,636 shares during the quarter. Kingstone Capital Partners Texas LLC owned 41.38% of BARINGS BDC worth $413,770,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BBDC. Financial Gravity Asset Management Inc. purchased a new position in BARINGS BDC in the first quarter worth $2,878,000. Caliber Wealth Management LLC KS purchased a new position in BARINGS BDC in the first quarter worth $2,300,000. Cresset Asset Management LLC boosted its position in BARINGS BDC by 13.4% in the first quarter. Cresset Asset Management LLC now owns 1,959,930 shares of the company's stock worth $18,698,000 after purchasing an additional 231,356 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in BARINGS BDC in the first quarter worth $1,241,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in BARINGS BDC by 86.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 152,340 shares of the company's stock worth $1,453,000 after purchasing an additional 70,691 shares during the last quarter. Institutional investors own 44.09% of the company's stock.

Wall Street Analyst Weigh In

Separately, 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. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $9.67.

BARINGS BDC Price Performance

Shares of BARINGS BDC stock traded up $0.02 on Tuesday, reaching $9.10. The stock had a trading volume of 168,257 shares, compared to its average volume of 481,856. BARINGS BDC, INC. has a 1 year low of $7.66 and a 1 year high of $10.85. The company has a market cap of $956.43 million, a P/E ratio of 9.46 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. The business's 50 day moving average is $9.50 and its two-hundred day moving average is $9.19.

BARINGS BDC (NYSE:BBDC - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.02. BARINGS BDC had a net margin of 35.67% and a return on equity of 9.76%. The firm had revenue of $74.40 million for the quarter, compared to the consensus estimate of $66.41 million. During the same period in the prior year, the firm posted $0.40 earnings per share. As a group, research analysts anticipate that BARINGS BDC, INC. will post 1.13 EPS for the current year.

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.