DAVENPORT & Co LLC Trims Stake in Barings BDC Inc (BBDC)

DAVENPORT & Co LLC trimmed its position in shares of Barings BDC Inc (NYSE:BBDC) by 17.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 12,233 shares of the company’s stock after selling 2,550 shares during the period. DAVENPORT & Co LLC’s holdings in Barings BDC were worth $120,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Bulldog Investors LLC acquired a new stake in Barings BDC in the 3rd quarter worth approximately $7,928,000. Legal & General Group Plc acquired a new stake in Barings BDC in the 3rd quarter worth approximately $1,860,000. BW Gestao de Investimentos Ltda. acquired a new stake in Barings BDC in the 3rd quarter worth approximately $451,000. Virtu Financial LLC acquired a new stake in Barings BDC in the 4th quarter worth approximately $203,000. Finally, Joel Isaacson & Co. LLC acquired a new stake in Barings BDC in the 4th quarter worth approximately $145,000. Institutional investors and hedge funds own 66.00% of the company’s stock.

Several equities research analysts recently weighed in on the company. ValuEngine lowered Barings BDC from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Compass Point upgraded Barings BDC from a “neutral” rating to a “buy” rating and set a $9.61 target price for the company in a report on Friday, March 1st. Wells Fargo & Co initiated coverage on Barings BDC in a report on Monday, March 11th. They set an “outperform” rating and a $11.00 price target for the company. Zacks Investment Research lowered Barings BDC from a “hold” rating to a “sell” rating in a report on Wednesday, March 6th. Finally, National Securities upgraded Barings BDC from a “neutral” rating to a “buy” rating and set a $13.00 price target for the company in a report on Monday, March 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $11.20.

Shares of BBDC stock opened at $9.88 on Thursday. Barings BDC Inc has a 12 month low of $8.70 and a 12 month high of $12.39. The company has a market cap of $507.93 million, a PE ratio of 197.40, a price-to-earnings-growth ratio of 2.87 and a beta of 0.79. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.78 and a quick ratio of 0.78.

Barings BDC (NYSE:BBDC) last issued its quarterly earnings results on Thursday, February 28th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Barings BDC had a negative return on equity of 0.01% and a negative net margin of 142.45%. Equities analysts anticipate that Barings BDC Inc will post 0.69 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, March 12th. This is a positive change from Barings BDC’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.86%.

In other news, insider Barings Llc acquired 48,200 shares of the stock in a transaction dated Friday, January 18th. The shares were acquired at an average cost of $9.61 per share, for a total transaction of $463,202.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan Landsberg acquired 3,040 shares of the stock in a transaction dated Friday, March 29th. The shares were purchased at an average price of $9.92 per share, for a total transaction of $30,156.80. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 289,577 shares of company stock valued at $2,819,645. Corporate insiders own 0.29% of the company’s stock.

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Barings BDC Profile

Barings BDC, Inc (NYSE:BBDC) is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies.

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Want to see what other hedge funds are holding BBDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barings BDC Inc (NYSE:BBDC).

Institutional Ownership by Quarter for Barings BDC (NYSE:BBDC)

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