Armor Investment Advisors LLC Makes New $143,000 Investment in Barings BDC, Inc. (NYSE:BBDC)

Armor Investment Advisors LLC purchased a new stake in Barings BDC, Inc. (NYSE:BBDC) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 14,600 shares of the company’s stock, valued at approximately $143,000.

Other institutional investors have also modified their holdings of the company. nVerses Capital LLC boosted its position in shares of Barings BDC by 50.0% in the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock worth $32,000 after purchasing an additional 1,100 shares in the last quarter. Asset Dedication LLC acquired a new stake in Barings BDC in the second quarter worth about $36,000. EntryPoint Capital LLC grew its stake in shares of Barings BDC by 121.0% during the first quarter. EntryPoint Capital LLC now owns 9,141 shares of the company’s stock worth $85,000 after acquiring an additional 5,005 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Barings BDC during the second quarter valued at about $86,000. Finally, Advisory Alpha LLC purchased a new position in shares of Barings BDC in the 2nd quarter valued at approximately $99,000. 44.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wells Fargo & Company upped their price target on shares of Barings BDC from $9.00 to $9.50 and gave the company an “equal weight” rating in a research note on Friday, July 26th.

Barings BDC Stock Performance

Shares of BBDC opened at $9.70 on Wednesday. The stock has a 50-day moving average of $9.80 and a two-hundred day moving average of $9.81. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market cap of $1.02 billion, a P/E ratio of 9.14 and a beta of 0.67. Barings BDC, Inc. has a one year low of $8.55 and a one year high of $10.27.

Barings BDC (NYSE:BBDC) last issued its earnings results on Wednesday, August 7th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.10. Barings BDC had a return on equity of 11.49% and a net margin of 38.32%. The firm had revenue of $74.89 million for the quarter, compared to analyst estimates of $70.75 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share. As a group, research analysts predict that Barings BDC, Inc. will post 1.28 EPS for the current year.

About Barings BDC

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.