Prime Capital Investment Advisors LLC Has $743,000 Stake in Barings BDC, Inc. (NYSE:BBDC)

Prime Capital Investment Advisors LLC reduced its stake in shares of Barings BDC, Inc. (NYSE:BBDC) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,767 shares of the company’s stock after selling 1,123 shares during the quarter. Prime Capital Investment Advisors LLC owned about 0.07% of Barings BDC worth $743,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. nVerses Capital LLC raised its holdings in Barings BDC by 50.0% during the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock worth $32,000 after purchasing an additional 1,100 shares during the last quarter. Asset Dedication LLC bought a new stake in shares of Barings BDC during the second quarter worth approximately $36,000. EntryPoint Capital LLC boosted its stake in Barings BDC by 121.0% in the first quarter. EntryPoint Capital LLC now owns 9,141 shares of the company’s stock valued at $85,000 after acquiring an additional 5,005 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Barings BDC during the 2nd quarter worth $86,000. Finally, Advisory Alpha LLC acquired a new stake in Barings BDC during the 2nd quarter worth $99,000. Institutional investors and hedge funds own 44.09% of the company’s stock.

Barings BDC Stock Up 0.6 %

Barings BDC stock opened at $9.95 on Friday. Barings BDC, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $10.27. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 9.21 and a beta of 0.67. The company’s 50 day simple moving average is $9.78 and its 200 day simple moving average is $9.83.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The firm had revenue of $70.85 million during the quarter, compared to analyst estimates of $70.48 million. Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. During the same period last year, the firm earned $0.31 EPS. As a group, sell-side analysts anticipate that Barings BDC, Inc. will post 1.25 EPS for the current year.

Barings BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, December 4th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.04 annualized dividend and a dividend yield of 10.45%. Barings BDC’s dividend payout ratio (DPR) is currently 96.30%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company raised their price target on Barings BDC from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research report on Friday, July 26th.

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.