Hennion & Walsh Asset Management Inc. Cuts Stock Position in Barings BDC, Inc. (NYSE:BBDC)

Hennion & Walsh Asset Management Inc. decreased its holdings in shares of Barings BDC, Inc. (NYSE:BBDC) by 10.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 483,050 shares of the company’s stock after selling 55,044 shares during the period. Hennion & Walsh Asset Management Inc. owned about 0.46% of Barings BDC worth $4,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its holdings in Barings BDC by 3.0% during the second quarter. Commonwealth Equity Services LLC now owns 49,800 shares of the company’s stock valued at $485,000 after purchasing an additional 1,468 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Barings BDC during the 2nd quarter worth about $106,000. AE Wealth Management LLC acquired a new stake in Barings BDC in the 2nd quarter worth about $371,000. ProShare Advisors LLC boosted its holdings in Barings BDC by 8.0% in the 2nd quarter. ProShare Advisors LLC now owns 14,895 shares of the company’s stock worth $145,000 after buying an additional 1,101 shares during the last quarter. Finally, Steel Grove Capital Advisors LLC increased its stake in Barings BDC by 8.6% during the 2nd quarter. Steel Grove Capital Advisors LLC now owns 126,098 shares of the company’s stock worth $1,227,000 after buying an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 44.09% of the company’s stock.

Barings BDC Stock Performance

NYSE BBDC opened at $9.59 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. The stock’s 50 day simple moving average is $9.74 and its 200-day simple moving average is $9.83. The company has a market cap of $1.01 billion, a PE ratio of 8.88 and a beta of 0.68. Barings BDC, Inc. has a 1-year low of $8.67 and a 1-year high of $10.38.

Barings BDC (NYSE:BBDC) last announced 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). Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. The firm had revenue of $70.85 million during the quarter, compared to analysts’ expectations of $70.48 million. During the same quarter in the previous year, the business posted $0.31 EPS. As a group, equities research analysts anticipate that Barings BDC, Inc. will post 1.24 EPS for the current fiscal year.

Barings BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, December 4th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, December 4th. This represents a $1.04 annualized dividend and a yield of 10.84%. Barings BDC’s dividend payout ratio is presently 96.30%.

Insider Activity at Barings BDC

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

Barings BDC Company 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.