Raymond James Financial Inc. Lowers Holdings in BARINGS BDC, INC. $BBDC

Raymond James Financial Inc. trimmed its holdings in BARINGS BDC, INC. (NYSE:BBDC - Free Report) by 65.2% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 323,476 shares of the company's stock after selling 605,613 shares during the quarter. Raymond James Financial Inc. owned about 0.31% of BARINGS BDC worth $3,086,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BBDC. Golden State Wealth Management LLC purchased a new position in BARINGS BDC in the first quarter worth about $37,000. Ameriflex Group Inc. purchased a new position in BARINGS BDC in the fourth quarter worth about $80,000. Global Assets Advisory LLC purchased a new position in BARINGS BDC in the fourth quarter worth about $111,000. Sowell Financial Services LLC purchased a new position in BARINGS BDC in the first quarter worth about $114,000. Finally, D. E. Shaw & Co. Inc. purchased a new position in BARINGS BDC in the fourth quarter worth about $122,000. 44.09% of the stock is owned by hedge funds and other institutional investors.

BARINGS BDC Stock Performance

Shares of BBDC stock traded down $0.08 during trading hours on Friday, reaching $9.39. 23,579 shares of the company traded hands, compared to its average volume of 480,537. BARINGS BDC, INC. has a 12-month low of $7.66 and a 12-month high of $10.85. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market cap of $986.93 million, a P/E ratio of 9.78 and a beta of 0.73. The firm has a 50-day moving average price of $9.52 and a 200 day moving average price of $9.25.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BBDC. 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. Bank of America dropped their target price on BARINGS BDC from $11.00 to $10.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $9.67.

BARINGS BDC Company 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.