Steel Grove Capital Advisors LLC Sells 45,800 Shares of Barings Bdc, Inc. (NYSE:BBDC)

Steel Grove Capital Advisors LLC lowered its position in Barings Bdc, Inc. (NYSE:BBDC - Free Report) by 42.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,158 shares of the company's stock after selling 45,800 shares during the quarter. Steel Grove Capital Advisors LLC owned about 0.06% of Barings Bdc worth $583,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Lee Danner & Bass Inc. bought a new position in Barings Bdc in the fourth quarter valued at $25,000. Ameriflex Group Inc. bought a new position in Barings Bdc in the fourth quarter valued at $80,000. Nomura Asset Management Co. Ltd. increased its stake in Barings Bdc by 276.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 10,144 shares of the company's stock valued at $97,000 after acquiring an additional 7,448 shares during the last quarter. Mariner LLC bought a new position in Barings Bdc in the fourth quarter valued at $105,000. Finally, OneDigital Investment Advisors LLC bought a new position in Barings Bdc in the fourth quarter valued at $108,000. Institutional investors own 44.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wells Fargo & Company raised Barings Bdc from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $8.50 to $9.50 in a research note on Wednesday, May 28th. Bank of America reduced their target price on Barings Bdc from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Finally, Keefe, Bruyette & Woods reduced their target price on Barings Bdc from $10.50 to $9.50 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th.

Barings Bdc Trading Down 0.3%

Shares of NYSE:BBDC traded down $0.03 on Friday, reaching $9.05. 354,528 shares of the company traded hands, compared to its average volume of 457,398. The business's 50-day simple moving average is $8.91 and its 200 day simple moving average is $9.39. Barings Bdc, Inc. has a 52 week low of $7.66 and a 52 week high of $10.85. The stock has a market capitalization of $953.43 million, a P/E ratio of 9.62 and a beta of 0.71. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.42.

Barings Bdc (NYSE:BBDC - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.03). Barings Bdc had a net margin of 35.21% and a return on equity of 10.74%. The company had revenue of $64.44 million for the quarter, compared to the consensus estimate of $67.78 million. During the same period last year, the business posted $0.28 earnings per share. The firm's quarterly revenue was down 7.7% compared to the same quarter last year. As a group, equities analysts anticipate that Barings Bdc, Inc. will post 1.13 EPS for the current fiscal year.

Barings Bdc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, June 4th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 11.50%. Barings Bdc's dividend payout ratio (DPR) is presently 110.64%.

Insiders Place Their Bets

In other news, Director Stephen R. Byers purchased 8,700 shares of Barings Bdc stock in a transaction that occurred on Friday, June 6th. The stock was bought at an average price of $8.89 per share, with a total value of $77,343.00. Following the completion of the transaction, the director now directly owns 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Elizabeth A. Murray purchased 3,400 shares of Barings Bdc stock in a transaction that occurred on Friday, June 6th. The shares were purchased at an average cost of $8.84 per share, with a total value of $30,056.00. Following the transaction, the chief financial officer now directly owns 25,387 shares of the company's stock, valued at $224,421.08. This represents a 15.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 49,997 shares of company stock worth $452,844 over the last three months. Company insiders own 0.52% of the company's stock.

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.