Barings Bdc, Inc. $BBDC Shares Sold by Caliber Wealth Management LLC KS

Caliber Wealth Management LLC KS trimmed its stake in Barings Bdc, Inc. (NYSE:BBDC) by 27.0% during the third quarter, HoldingsChannel.com reports. The fund owned 153,739 shares of the company’s stock after selling 56,853 shares during the period. Caliber Wealth Management LLC KS’s holdings in Barings Bdc were worth $1,347,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BBDC. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Barings Bdc by 66.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 486,098 shares of the company’s stock valued at $4,258,000 after purchasing an additional 194,725 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Barings Bdc in the second quarter valued at about $1,305,000. Ares Management LLC grew its position in Barings Bdc by 5.3% during the second quarter. Ares Management LLC now owns 3,797,112 shares of the company’s stock worth $34,706,000 after buying an additional 190,016 shares in the last quarter. Franklin Resources Inc. raised its stake in Barings Bdc by 18.1% in the second quarter. Franklin Resources Inc. now owns 826,659 shares of the company’s stock valued at $7,556,000 after purchasing an additional 126,688 shares in the last quarter. Finally, Financial Gravity Companies Inc. bought a new stake in shares of Barings Bdc during the 2nd quarter worth approximately $2,797,000. 44.09% of the stock is currently owned by institutional investors and hedge funds.

Barings Bdc Stock Performance

Shares of NYSE:BBDC opened at $8.95 on Friday. Barings Bdc, Inc. has a 12 month low of $7.66 and a 12 month high of $10.85. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $941.18 million, a price-to-earnings ratio of 9.23 and a beta of 0.60. The firm’s 50-day moving average is $9.04 and its 200 day moving average is $9.11.

Barings Bdc (NYSE:BBDC) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. Barings Bdc had a net margin of 36.01% and a return on equity of 10.11%. The company had revenue of $72.40 million during the quarter, compared to analyst estimates of $69.71 million. During the same quarter last year, the business posted $0.29 EPS. Research analysts predict that Barings Bdc, Inc. will post 1.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on BBDC. Weiss Ratings reiterated a “hold (c+)” rating on shares of Barings Bdc in a research report on Monday, December 29th. Keefe, Bruyette & Woods decreased their price target on Barings Bdc from $10.00 to $9.50 and set a “market perform” rating on the stock in a research note on Monday, November 10th. Finally, Wells Fargo & Company cut their price objective on shares of Barings Bdc from $10.00 to $9.50 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.67.

Barings Bdc Company Profile

Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.

The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).