Denali Advisors LLC Cuts Stock Holdings in Barings BDC, Inc. (NYSE:BBDC)

Denali Advisors LLC cut its holdings in shares of Barings BDC, Inc. (NYSE:BBDC - Free Report) by 17.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 126,607 shares of the company's stock after selling 27,022 shares during the quarter. Denali Advisors LLC owned approximately 0.12% of Barings BDC worth $1,212,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Muzinich & Co. Inc. boosted its holdings in Barings BDC by 38.9% in the 3rd quarter. Muzinich & Co. Inc. now owns 252,518 shares of the company's stock valued at $2,475,000 after purchasing an additional 70,722 shares during the period. Harbor Capital Advisors Inc. boosted 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 period. Franklin Resources Inc. grew its position in Barings BDC by 38.9% during the third quarter. Franklin Resources Inc. now owns 322,954 shares of the company's stock worth $3,136,000 after buying an additional 90,390 shares in the last quarter. Private Management Group Inc. increased its stake in Barings BDC by 2.8% in the 4th quarter. Private Management Group Inc. now owns 3,084,236 shares of the company's stock worth $29,516,000 after acquiring an additional 83,408 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of Barings BDC in the 4th quarter valued at about $314,000. Institutional investors own 44.09% of the company's stock.

Insider Transactions at Barings BDC

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

Barings BDC Price Performance

Shares of NYSE BBDC traded up $0.19 during midday trading on Friday, hitting $10.42. 391,517 shares of the company's stock were exchanged, compared to its average volume of 469,736. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.37. The business's fifty day moving average price is $9.90 and its two-hundred day moving average price is $9.87. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 10.02 and a beta of 0.69. Barings BDC, Inc. has a 12-month low of $8.96 and a 12-month high of $10.85.

Barings BDC (NYSE:BBDC - Get Free Report) last released 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). Barings BDC had a net margin of 38.54% and a return on equity of 10.94%. The company had revenue of $70.63 million for the quarter, compared to analysts' expectations of $69.35 million. As a group, research analysts forecast that Barings BDC, Inc. will post 1.13 EPS for the current fiscal year.

Barings BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 9.98%. The ex-dividend date of this dividend is Wednesday, March 5th. Barings BDC's dividend payout ratio is currently 100.00%.

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.