Cobblestone Capital Advisors LLC NY Decreases Stock Position in Barings BDC, Inc. (NYSE:BBDC)

Cobblestone Capital Advisors LLC NY cut its position in Barings BDC, Inc. (NYSE:BBDC) by 9.7% during the third quarter, HoldingsChannel.com reports. The fund owned 18,352 shares of the company’s stock after selling 1,967 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Barings BDC were worth $180,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BBDC. nVerses Capital LLC lifted its holdings in Barings BDC by 50.0% in the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock valued at $32,000 after purchasing an additional 1,100 shares in the last quarter. Asset Dedication LLC acquired a new stake in shares of Barings BDC in the second quarter valued at about $36,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Barings BDC in the second quarter worth about $86,000. Advisory Alpha LLC acquired a new position in Barings BDC during the second quarter worth about $99,000. Finally, Centaurus Financial Inc. purchased a new stake in Barings BDC during the 3rd quarter valued at about $99,000. 44.09% of the stock is currently owned by hedge funds and other institutional investors.

Barings BDC Trading Down 0.1 %

BBDC opened at $10.24 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. The company’s 50 day simple moving average is $9.84 and its two-hundred day simple moving average is $9.87. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 9.48 and a beta of 0.67. Barings BDC, Inc. has a 1-year low of $8.55 and a 1-year high of $10.30.

Barings BDC (NYSE:BBDC) last issued its quarterly earnings data 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). The business had revenue of $70.85 million during the quarter, compared to analysts’ expectations of $70.48 million. Barings BDC had a return on equity of 11.24% and a net margin of 39.59%. During the same quarter in the previous year, the company posted $0.31 earnings per share. Analysts expect that Barings BDC, Inc. will post 1.24 EPS for the current fiscal year.

Barings BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, December 4th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.16%. Barings BDC’s payout ratio is currently 96.30%.

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.