Geneos Wealth Management Inc. Reduces Position in Barings BDC, Inc. (NYSE:BBDC)

Geneos Wealth Management Inc. decreased its position in Barings BDC, Inc. (NYSE:BBDC) by 14.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,966 shares of the company’s stock after selling 3,670 shares during the period. Geneos Wealth Management Inc.’s holdings in Barings BDC were worth $210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC purchased a new position in shares of Barings BDC in the third quarter worth about $10,549,000. Harbor Capital Advisors Inc. increased its stake in shares of Barings BDC by 148.6% in the third quarter. Harbor Capital Advisors Inc. now owns 740,559 shares of the company’s stock worth $7,257,000 after acquiring an additional 442,621 shares during the period. Van ECK Associates Corp raised its holdings in shares of Barings BDC by 6.1% during the third quarter. Van ECK Associates Corp now owns 2,267,897 shares of the company’s stock worth $22,134,000 after purchasing an additional 129,410 shares during the last quarter. Franklin Resources Inc. lifted its position in Barings BDC by 38.9% during the third quarter. Franklin Resources Inc. now owns 322,954 shares of the company’s stock valued at $3,136,000 after purchasing an additional 90,390 shares during the period. Finally, Muzinich & Co. Inc. boosted its holdings in Barings BDC by 38.9% in the third quarter. Muzinich & Co. Inc. now owns 252,518 shares of the company’s stock valued at $2,475,000 after purchasing an additional 70,722 shares during the last quarter. Institutional investors and hedge funds own 44.09% of the company’s stock.

Insider Activity at Barings BDC

In other news, insider Michael James O’connor sold 29,424 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $9.70, for a total transaction of $285,412.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen R. Byers purchased 8,485 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average cost of $9.73 per share, with a total value of $82,559.05. Following the acquisition, the director now owns 50,001 shares in the company, valued at $486,509.73. This represents a 20.44 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 14,048 shares of company stock worth $136,772. 0.45% of the stock is owned by company insiders.

Barings BDC Price Performance

Shares of BBDC opened at $9.94 on Thursday. The company has a market capitalization of $1.05 billion, a P/E ratio of 9.20 and a beta of 0.68. The business’s 50-day moving average is $9.74 and its two-hundred day moving average is $9.82. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. Barings BDC, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $10.38.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. The company had revenue of $70.85 million for the quarter, compared to analysts’ expectations of $70.48 million. During the same quarter in the prior year, the business posted $0.31 earnings per share. Research analysts predict that Barings BDC, Inc. will post 1.24 earnings per share for the current year.

Barings BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, December 4th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 10.47%. The ex-dividend date of this dividend was Wednesday, December 4th. Barings BDC’s dividend payout ratio is currently 96.30%.

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.