Steel Grove Capital Advisors LLC Has $583,000 Stock Holdings in BARINGS BDC, INC. (NYSE:BBDC)

Steel Grove Capital Advisors LLC lessened its holdings in shares of BARINGS BDC, INC. (NYSE:BBDC - Free Report) by 42.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 61,158 shares of the company's stock after selling 45,800 shares during the period. Steel Grove Capital Advisors LLC owned 0.06% of BARINGS BDC worth $583,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of BBDC. Cresset Asset Management LLC acquired a new stake in BARINGS BDC during the 4th quarter worth $16,542,000. Raymond James Financial Inc. acquired a new position in shares of BARINGS BDC in the 4th quarter valued at $8,891,000. Wells Fargo & Company MN grew its holdings in shares of BARINGS BDC by 85.4% in the 4th quarter. Wells Fargo & Company MN now owns 705,628 shares of the company's stock valued at $6,753,000 after buying an additional 324,945 shares during the period. Icon Advisers Inc. Co. acquired a new position in shares of BARINGS BDC in the 4th quarter valued at $2,577,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of BARINGS BDC by 4,532.8% in the 4th quarter. JPMorgan Chase & Co. now owns 119,618 shares of the company's stock valued at $1,145,000 after buying an additional 117,036 shares during the period. Institutional investors and hedge funds own 44.09% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BBDC shares. Wells Fargo & Company raised shares of BARINGS BDC from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $8.50 to $9.50 in a report on Wednesday, May 28th. Bank of America cut their price objective on shares of BARINGS BDC from $11.00 to $10.00 and set a "buy" rating on the stock in a research report on Monday, May 19th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of BARINGS BDC from $10.50 to $9.50 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th.

Insiders Place Their Bets

In other BARINGS BDC news, CFO Elizabeth A. Murray purchased 3,400 shares of the business's stock in a transaction 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 position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen R. Byers purchased 8,700 shares of the business's stock in a transaction on Friday, June 6th. The shares were acquired at an average cost of $8.89 per share, for a total transaction of $77,343.00. Following the completion of the transaction, the director now directly owns 59,734 shares in the company, valued at approximately $531,035.26. This represents a 17.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 49,997 shares of company stock valued at $452,844 in the last three months. 0.52% of the stock is currently owned by corporate insiders.

BARINGS BDC Stock Down 0.3%

BBDC traded down $0.03 during trading on Friday, hitting $9.05. The company had a trading volume of 354,528 shares, compared to its average volume of 458,059. The company has a market capitalization of $953.43 million, a PE ratio of 9.62 and a beta of 0.71. BARINGS BDC, INC. has a one year low of $7.66 and a one year high of $10.85. The firm's 50-day moving average price is $8.91 and its 200 day moving average price is $9.40. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.42.

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

BARINGS BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, June 4th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 11.50%. BARINGS BDC's dividend payout ratio (DPR) is presently 110.64%.

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.