Financial Advocates Investment Management Purchases 5,274 Shares of Barings BDC, Inc. (NYSE:BBDC)

Financial Advocates Investment Management lifted its position in shares of Barings BDC, Inc. (NYSE:BBDC) by 38.8% during the 4th quarter, HoldingsChannel reports. The firm owned 18,854 shares of the company’s stock after acquiring an additional 5,274 shares during the period. Financial Advocates Investment Management’s holdings in Barings BDC were worth $180,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Muzinich & Co. Inc. raised its stake in 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 stake in 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 stake in 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. Kingswood Wealth Advisors LLC purchased a new position in Barings BDC during the fourth quarter valued at $314,000. Finally, Van ECK Associates Corp raised its stake in 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. 44.09% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Stephen R. Byers bought 8,485 shares of the stock in a transaction on Friday, December 13th. The shares were bought at an average price of $9.73 per share, with a total value of $82,559.05. Following the completion of the acquisition, the director now owns 50,001 shares in the company, valued at $486,509.73. The trade was a 20.44 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael James O’connor sold 29,424 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $9.70, for a total value of $285,412.80. The disclosure for this sale can be found here. Insiders have acquired a total of 14,048 shares of company stock valued at $136,772 over the last ninety days. 0.45% of the stock is currently owned by corporate insiders.

Barings BDC Trading Up 0.2 %

Shares of NYSE:BBDC opened at $10.13 on Tuesday. The company has a market cap of $1.07 billion, a P/E ratio of 9.38 and a beta of 0.69. 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 $8.79 and a 1 year high of $10.38. The stock’s fifty day moving average price is $9.72 and its 200-day moving average price is $9.82.

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.