Barings BDC, Inc. (NYSE:BBDC) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC cut its holdings in Barings BDC, Inc. (NYSE:BBDC) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,069 shares of the company’s stock after selling 2,490 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Barings BDC were worth $355,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Private Management Group Inc. increased its holdings in shares of Barings BDC by 2.8% in the fourth quarter. Private Management Group Inc. now owns 3,084,236 shares of the company’s stock valued at $29,516,000 after purchasing an additional 83,408 shares during the period. Van ECK Associates Corp lifted its stake in shares of Barings BDC by 3.5% in the 4th quarter. Van ECK Associates Corp now owns 2,347,891 shares of the company’s stock worth $22,470,000 after acquiring an additional 79,994 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in shares of Barings BDC during the third quarter worth about $10,549,000. Raymond James Financial Inc. purchased a new position in Barings BDC during the fourth quarter worth about $8,891,000. Finally, Harbor Capital Advisors Inc. lifted its position in Barings BDC by 2.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 756,340 shares of the company’s stock valued at $7,238,000 after purchasing an additional 15,781 shares during the period. 44.09% of the stock is owned by hedge funds and other institutional investors.

Barings BDC Stock Performance

NYSE BBDC opened at $9.39 on Wednesday. The stock has a market capitalization of $989.26 million, a price-to-earnings ratio of 9.02 and a beta of 0.66. The business’s 50 day moving average is $9.93 and its two-hundred day moving average is $9.84. Barings BDC, Inc. has a 12-month low of $8.95 and a 12-month high of $10.85. 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 (NYSE:BBDC) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The business had revenue of $70.63 million for the quarter, compared to analyst estimates of $69.35 million. Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. Research analysts expect that Barings BDC, Inc. will post 1.13 EPS for the current year.

Barings BDC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.04 annualized dividend and a yield of 11.08%. Barings BDC’s payout ratio is currently 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.