Two Sigma Advisers LP Sells 296,700 Shares of Barings BDC, Inc. (NYSE:BBDC)

Two Sigma Advisers LP cut its position in shares of Barings BDC, Inc. (NYSE:BBDC - Free Report) by 22.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,003,100 shares of the company's stock after selling 296,700 shares during the quarter. Two Sigma Advisers LP owned 0.95% of Barings BDC worth $9,830,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Advisors LLC increased its position in shares of Barings BDC by 199.8% during the first quarter. Cetera Advisors LLC now owns 31,103 shares of the company's stock valued at $289,000 after purchasing an additional 20,728 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of Barings BDC during the 2nd quarter worth about $731,000. Brookstone Capital Management boosted its position in shares of Barings BDC by 31.3% during the 2nd quarter. Brookstone Capital Management now owns 13,503 shares of the company's stock valued at $138,000 after acquiring an additional 3,218 shares in the last quarter. SeaCrest Wealth Management LLC increased its stake in Barings BDC by 6.7% in the second quarter. SeaCrest Wealth Management LLC now owns 19,169 shares of the company's stock valued at $187,000 after acquiring an additional 1,200 shares during the period. Finally, &PARTNERS raised its position in Barings BDC by 6.3% in the second quarter. &PARTNERS now owns 36,950 shares of the company's stock worth $360,000 after purchasing an additional 2,200 shares in the last quarter. 44.09% of the stock is currently owned by institutional investors.

Barings BDC Price Performance

NYSE BBDC traded down $0.02 during trading on Tuesday, reaching $9.84. 685,608 shares of the company traded hands, compared to its average volume of 428,472. Barings BDC, Inc. has a 1-year low of $8.55 and a 1-year high of $10.38. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. The stock's 50 day moving average price is $9.86 and its two-hundred day moving average price is $9.88. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 9.12 and a beta of 0.68.

Barings BDC (NYSE:BBDC - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. The company had revenue of $70.85 million for the quarter, compared to the consensus estimate of $70.48 million. During the same period in the previous year, the business posted $0.31 earnings per share. As a group, analysts anticipate that Barings BDC, Inc. will post 1.24 EPS for the current year.

Barings BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 10.57%. The ex-dividend date of this dividend is Wednesday, December 4th. Barings BDC's payout ratio is 96.30%.

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.