Chicago Partners Investment Group LLC Increases Position in Barings BDC, Inc. (NYSE:BBDC)

Chicago Partners Investment Group LLC lifted its holdings in Barings BDC, Inc. (NYSE:BBDC) by 24.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,808 shares of the company’s stock after buying an additional 2,907 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Barings BDC were worth $145,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. International Assets Investment Management LLC purchased a new position in Barings BDC in the 3rd quarter worth about $1,700,000. nVerses Capital LLC increased its position in shares of Barings BDC by 50.0% during the third quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock worth $32,000 after acquiring an additional 1,100 shares during the period. SeaCrest Wealth Management LLC boosted its holdings in shares of Barings BDC by 8.5% in the third quarter. SeaCrest Wealth Management LLC now owns 20,806 shares of the company’s stock valued at $204,000 after purchasing an additional 1,637 shares during the period. Creative Planning grew its stake in Barings BDC by 6.6% in the third quarter. Creative Planning now owns 39,552 shares of the company’s stock worth $388,000 after purchasing an additional 2,432 shares in the last quarter. Finally, Sound Income Strategies LLC increased its holdings in Barings BDC by 9.3% during the 3rd quarter. Sound Income Strategies LLC now owns 12,877 shares of the company’s stock worth $126,000 after purchasing an additional 1,097 shares during the period. 44.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wells Fargo & Company increased 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.

Barings BDC Trading Up 2.9 %

NYSE:BBDC opened at $9.78 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12. The firm has a 50-day simple moving average of $9.80 and a 200-day simple moving average of $9.81. Barings BDC, Inc. has a one year low of $8.55 and a one year high of $10.27. The firm has a market cap of $1.03 billion, a P/E ratio of 9.40 and a beta of 0.67.

Barings BDC (NYSE:BBDC) last posted its earnings results on Wednesday, August 7th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.10. Barings BDC had a return on equity of 11.49% and a net margin of 38.32%. The company had revenue of $74.89 million during the quarter, compared to analyst estimates of $70.75 million. During the same quarter in the prior year, the business earned $0.31 earnings per share. Equities analysts anticipate that Barings BDC, Inc. will post 1.28 EPS for the current fiscal 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.