Barings BDC, Inc. (NYSE:BBDC) Shares Sold by Panoramic Investment Advisors LLC

Panoramic Investment Advisors LLC cut its stake in Barings BDC, Inc. (NYSE:BBDC) by 9.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,027 shares of the company’s stock after selling 1,974 shares during the period. Panoramic Investment Advisors LLC’s holdings in Barings BDC were worth $182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Barings BDC by 393.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock worth $25,000 after acquiring an additional 2,059 shares during the period. Nomura Asset Management Co. Ltd. bought a new stake in shares of Barings BDC during the third quarter valued at approximately $26,000. nVerses Capital LLC raised its holdings in shares of Barings BDC by 50.0% during the third quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock valued at $32,000 after buying an additional 1,100 shares during the last quarter. Centaurus Financial Inc. acquired a new position in shares of Barings BDC during the third quarter worth approximately $99,000. Finally, MML Investors Services LLC bought a new position in Barings BDC in the 3rd quarter worth approximately $99,000. 44.09% of the stock is currently owned by institutional investors.

Barings BDC Stock Up 0.4 %

BBDC opened at $10.12 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. Barings BDC, Inc. has a 12 month low of $8.67 and a 12 month high of $10.38. The stock’s 50 day moving average price is $9.74 and its 200 day moving average price is $9.82. The stock has a market cap of $1.07 billion, a P/E ratio of 9.37 and a beta of 0.69.

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 analysts’ consensus estimates of $0.30 by ($0.01). The company had revenue of $70.85 million for the quarter, compared to the consensus estimate of $70.48 million. Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. 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 1.24 earnings per share for the current year.

Barings BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, December 4th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.28%. The ex-dividend date of this dividend was Wednesday, December 4th. Barings BDC’s dividend payout ratio is currently 96.30%.

Insider Transactions at Barings BDC

In other news, insider Michael James O’connor sold 29,424 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.70, for a total value of $285,412.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen R. Byers bought 8,485 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of $9.73 per share, for a total transaction of $82,559.05. Following the completion of the acquisition, the director now owns 50,001 shares of the company’s stock, valued at $486,509.73. This trade represents a 20.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders purchased 14,048 shares of company stock valued at $136,772. Company insiders own 0.45% of the company’s stock.

Barings BDC 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.