Coppell Advisory Solutions LLC Sells 1,468 Shares of Barings BDC, Inc. (NYSE:BBDC)

Coppell Advisory Solutions LLC lowered its position in Barings BDC, Inc. (NYSE:BBDC) by 28.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,668 shares of the company’s stock after selling 1,468 shares during the period. Coppell Advisory Solutions LLC’s holdings in Barings BDC were worth $35,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Private Management Group Inc. boosted its stake 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 worth $29,516,000 after acquiring an additional 83,408 shares during the last quarter. Van ECK Associates Corp grew its holdings in Barings BDC by 3.5% during the fourth quarter. Van ECK Associates Corp now owns 2,347,891 shares of the company’s stock valued at $22,470,000 after purchasing an additional 79,994 shares during the period. Raymond James Financial Inc. purchased a new stake in Barings BDC in the fourth quarter worth about $8,891,000. Harbor Capital Advisors Inc. raised its stake in shares of Barings BDC by 2.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 756,340 shares of the company’s stock worth $7,238,000 after buying an additional 15,781 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Barings BDC by 85.4% in the fourth quarter. Wells Fargo & Company MN now owns 705,628 shares of the company’s stock worth $6,753,000 after buying an additional 324,945 shares during the period. Institutional investors own 44.09% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods decreased their target price on shares of Barings BDC from $10.50 to $9.50 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th.

Barings BDC Trading Up 0.3 %

Shares of BBDC stock opened at $8.86 on Friday. The stock has a fifty day simple moving average of $9.33 and a two-hundred day simple moving average of $9.65. Barings BDC, Inc. has a 52-week low of $7.66 and a 52-week high of $10.85. The firm has a market capitalization of $933.50 million, a PE ratio of 8.52 and a beta of 0.56. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.14 and a current ratio of 0.14.

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

Barings BDC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.04 annualized dividend and a yield of 11.74%. 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.