Wealth Enhancement Advisory Services LLC Buys Shares of 75,129 Barings BDC, Inc. (NYSE:BBDC)

Wealth Enhancement Advisory Services LLC purchased a new position in Barings BDC, Inc. (NYSE:BBDC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 75,129 shares of the company's stock, valued at approximately $731,000. Wealth Enhancement Advisory Services LLC owned about 0.07% of Barings BDC at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BBDC. Confluence Investment Management LLC bought a new stake in Barings BDC during the first quarter valued at $4,666,000. Harbor Capital Advisors Inc. increased its stake in Barings BDC by 273.4% during the second quarter. Harbor Capital Advisors Inc. now owns 297,938 shares of the company's stock valued at $2,899,000 after purchasing an additional 218,146 shares during the last quarter. Privium Fund Management UK Ltd bought a new stake in Barings BDC during the fourth quarter valued at $1,533,000. Van ECK Associates Corp increased its stake in Barings BDC by 10.5% during the fourth quarter. Van ECK Associates Corp now owns 1,691,132 shares of the company's stock valued at $14,510,000 after purchasing an additional 161,127 shares during the last quarter. Finally, Steel Grove Capital Advisors LLC bought a new stake in Barings BDC during the first quarter valued at $1,080,000. Institutional investors own 44.09% of the company's stock.

Barings BDC Price Performance

NYSE BBDC traded up $0.01 on Thursday, reaching $9.98. The company's stock had a trading volume of 307,945 shares, compared to its average volume of 445,317. Barings BDC, Inc. has a twelve month low of $8.55 and a twelve month high of $10.27. 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 $1.06 billion, a PE ratio of 8.11 and a beta of 0.67. The firm's 50 day moving average is $9.87 and its two-hundred day moving average is $9.59.

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

Barings BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Wednesday, September 4th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $1.04 annualized dividend and a yield of 10.42%. Barings BDC's payout ratio is presently 84.55%.

Analysts Set New Price Targets

BBDC has been the subject of several analyst reports. Wells Fargo & Company boosted their price target on shares of Barings BDC from $9.00 to $9.50 and gave the company an "equal weight" rating in a report on Friday, July 26th. Keefe, Bruyette & Woods boosted their price target on shares of Barings BDC from $10.00 to $10.50 and gave the company a "market perform" rating in a report on Thursday, May 23rd.

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.