Koshinski Asset Management Inc. Raises Stake in Barings BDC, Inc. (NYSE:BBDC)

Koshinski Asset Management Inc. raised its position in shares of Barings BDC, Inc. (NYSE:BBDC) by 2.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 47,158 shares of the company’s stock after purchasing an additional 1,282 shares during the period. Koshinski Asset Management Inc.’s holdings in Barings BDC were worth $451,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BBDC. Muzinich & Co. Inc. raised its position in shares of Barings BDC by 38.9% during the third quarter. Muzinich & Co. Inc. now owns 252,518 shares of the company’s stock valued at $2,475,000 after buying an additional 70,722 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Barings BDC by 148.6% during the third quarter. Harbor Capital Advisors Inc. now owns 740,559 shares of the company’s stock valued at $7,257,000 after buying an additional 442,621 shares during the last quarter. Franklin Resources Inc. raised its position in shares of 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 buying an additional 90,390 shares during the last quarter. Van ECK Associates Corp raised its position 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 valued at $22,134,000 after buying an additional 129,410 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new stake in shares of Barings BDC during the third quarter valued at approximately $10,549,000. Hedge funds and other institutional investors own 44.09% of the company’s stock.

Barings BDC Trading Down 0.1 %

Barings BDC stock opened at $9.87 on Thursday. The stock has a market cap of $1.04 billion, a P/E ratio of 9.13 and a beta of 0.68. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. Barings BDC, Inc. has a 1 year low of $8.67 and a 1 year high of $10.38. The firm’s 50 day moving average price is $9.74 and its 200-day moving average price is $9.82.

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

Barings BDC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, December 4th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 10.54%. The ex-dividend date of this dividend was Wednesday, December 4th. Barings BDC’s dividend payout ratio is presently 96.30%.

Insider Buying and Selling

In other news, Director Stephen R. Byers acquired 8,485 shares of the company’s stock in a transaction 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 completion of the purchase, the director now directly owns 50,001 shares of the company’s stock, valued at $486,509.73. This represents a 20.44 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael James O’connor sold 29,424 shares of Barings BDC stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.70, for a total transaction of $285,412.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 14,048 shares of company stock worth $136,772. Insiders own 0.45% of the company’s stock.

About Barings BDC

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.