Creative Financial Designs Inc. ADV Grows Position in Barings BDC, Inc. (NYSE:BBDC)

Creative Financial Designs Inc. ADV lifted its position in shares of Barings BDC, Inc. (NYSE:BBDC) by 276.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,865 shares of the company’s stock after acquiring an additional 10,918 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Barings BDC were worth $142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC boosted its holdings in Barings BDC by 4.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 39,478 shares of the company’s stock worth $378,000 after buying an additional 1,565 shares in the last quarter. Truist Financial Corp acquired a new position in shares of Barings BDC in the fourth quarter worth about $112,000. Franklin Resources Inc. boosted its stake in shares of Barings BDC by 38.9% during the 3rd quarter. Franklin Resources Inc. now owns 322,954 shares of the company’s stock worth $3,136,000 after acquiring an additional 90,390 shares in the last quarter. Private Management Group Inc. grew its position in shares of Barings BDC by 2.8% during the 4th quarter. Private Management Group Inc. now owns 3,084,236 shares of the company’s stock valued at $29,516,000 after acquiring an additional 83,408 shares during the period. Finally, Kingswood Wealth Advisors LLC purchased a new position in shares of Barings BDC in the 4th quarter valued at about $314,000. 44.09% of the stock is owned by hedge funds and other institutional investors.

Barings BDC Stock Performance

NYSE BBDC opened at $9.62 on Friday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.37. Barings BDC, Inc. has a twelve month low of $8.95 and a twelve month high of $10.85. The stock has a 50-day moving average of $9.94 and a 200 day moving average of $9.83. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 9.25 and a beta of 0.66.

Barings BDC (NYSE:BBDC) last announced its earnings results on Thursday, February 20th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. The business had revenue of $70.63 million for the quarter, compared to analyst estimates of $69.35 million. Sell-side analysts anticipate that Barings BDC, Inc. will post 1.13 EPS for the current fiscal year.

Barings BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 10.82%. The ex-dividend date of this dividend was Wednesday, March 5th. Barings BDC’s payout ratio is 100.00%.

Barings BDC Company 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.