Confluence Investment Management LLC Has $4.96 Million Position in Barings BDC, Inc. (NYSE:BBDC)

Confluence Investment Management LLC increased its stake in shares of Barings BDC, Inc. (NYSE:BBDC) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 509,447 shares of the company’s stock after purchasing an additional 7,764 shares during the quarter. Confluence Investment Management LLC’s holdings in Barings BDC were worth $4,957,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in BBDC. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Barings BDC by 59.0% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 296,548 shares of the company’s stock valued at $2,758,000 after acquiring an additional 110,037 shares during the last quarter. HighPoint Advisor Group LLC acquired a new stake in Barings BDC in the fourth quarter valued at approximately $815,000. Chicago Partners Investment Group LLC acquired a new stake in Barings BDC in the fourth quarter valued at approximately $292,000. Founders Financial Securities LLC lifted its stake in Barings BDC by 30.0% in the first quarter. Founders Financial Securities LLC now owns 18,738 shares of the company’s stock valued at $174,000 after acquiring an additional 4,323 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Barings BDC in the first quarter valued at approximately $454,000. 44.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BBDC shares. Keefe, Bruyette & Woods lifted their target price on shares of Barings BDC from $10.00 to $10.50 and gave the company a “market perform” rating in a research note on Thursday, May 23rd. Wells Fargo & Company lifted their target price on shares of Barings BDC from $9.00 to $9.50 and gave the company an “equal weight” rating in a research note on Friday, July 26th.

Barings BDC Stock Performance

Shares of NYSE:BBDC traded down $0.26 during trading on Friday, reaching $9.76. The stock had a trading volume of 471,112 shares, compared to its average volume of 338,535. Barings BDC, Inc. has a 52 week low of $8.27 and a 52 week high of $10.27. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 7.93 and a beta of 0.67. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $9.90 and a two-hundred day simple moving average of $9.51.

Barings BDC (NYSE:BBDC) last released its quarterly earnings results on Saturday, May 4th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Barings BDC had a net margin of 45.35% and a return on equity of 10.77%. The firm had revenue of $69.81 million during the quarter, compared to the consensus estimate of $72.38 million. During the same period in the prior year, the business earned $0.25 EPS. As a group, analysts anticipate that Barings BDC, Inc. will post 1.17 earnings per share for the current fiscal year.

Barings BDC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, June 5th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 10.66%. The ex-dividend date was Wednesday, June 5th. Barings BDC’s dividend payout ratio (DPR) is currently 84.55%.

Insider Buying and Selling

In related news, insider Michael Freno bought 27,500 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were acquired at an average price of $9.73 per share, with a total value of $267,575.00. Following the completion of the transaction, the insider now owns 71,145 shares of the company’s stock, valued at approximately $692,240.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.45% of the stock is currently owned by insiders.

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.