Barings BDC, Inc. (NYSE:BBDC) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC cut its holdings in Barings BDC, Inc. (NYSE:BBDC) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,633 shares of the company’s stock after selling 1,496 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Barings BDC were worth $722,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Harbor Capital Advisors Inc. lifted its stake in Barings BDC by 273.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 297,938 shares of the company’s stock valued at $2,899,000 after buying an additional 218,146 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Barings BDC by 17.7% in the second quarter. Van ECK Associates Corp now owns 2,138,487 shares of the company’s stock worth $20,808,000 after acquiring an additional 321,638 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Barings BDC during the first quarter valued at $454,000. Commonwealth Equity Services LLC boosted its stake in shares of Barings BDC by 3.0% during the second quarter. Commonwealth Equity Services LLC now owns 49,800 shares of the company’s stock valued at $485,000 after acquiring an additional 1,468 shares during the last quarter. Finally, Quadrature Capital Ltd increased its position in Barings BDC by 57.2% during the 1st quarter. Quadrature Capital Ltd now owns 48,825 shares of the company’s stock worth $454,000 after purchasing an additional 17,771 shares in the last quarter. 44.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Barings BDC Trading Up 2.9 %

Shares of BBDC opened at $9.78 on Thursday. The company has a market capitalization of $1.03 billion, a PE ratio of 9.40 and a beta of 0.67. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12. Barings BDC, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $10.27. The stock has a fifty day moving average of $9.80 and a two-hundred day moving average of $9.81.

Barings BDC (NYSE:BBDC) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.30 by $0.10. The company had revenue of $74.89 million during the quarter, compared to analysts’ expectations of $70.75 million. Barings BDC had a return on equity of 11.49% and a net margin of 38.32%. During the same quarter in the previous year, the business earned $0.31 EPS. As a group, analysts forecast that Barings BDC, Inc. will post 1.28 EPS for the current year.

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.