Barings BDC Inc (BBDC) Position Lifted by FNY Investment Advisers LLC

FNY Investment Advisers LLC lifted its stake in Barings BDC Inc (NYSE:BBDC) by 46.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,000 shares of the company’s stock after buying an additional 2,219 shares during the period. FNY Investment Advisers LLC’s holdings in Barings BDC were worth $68,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BBDC. Bulldog Investors LLC purchased a new position in shares of Barings BDC in the 3rd quarter valued at $7,928,000. Legal & General Group Plc purchased a new position in shares of Barings BDC in the 3rd quarter valued at $1,860,000. BW Gestao de Investimentos Ltda. purchased a new position in shares of Barings BDC in the 3rd quarter valued at $451,000. Virtu Financial LLC purchased a new position in shares of Barings BDC in the 4th quarter valued at $203,000. Finally, Joel Isaacson & Co. LLC purchased a new position in shares of Barings BDC in the 4th quarter valued at $145,000. 66.00% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have issued reports on BBDC. Compass Point raised shares of Barings BDC from a “neutral” rating to a “buy” rating and set a $9.61 price objective on the stock in a research report on Friday, March 1st. ValuEngine downgraded shares of Barings BDC from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Wells Fargo & Co began coverage on shares of Barings BDC in a research report on Monday, March 11th. They set an “outperform” rating and a $11.00 price objective on the stock. Zacks Investment Research downgraded shares of Barings BDC from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th. Finally, National Securities raised shares of Barings BDC from a “neutral” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Monday, March 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $11.20.

Shares of Barings BDC stock opened at $9.87 on Friday. Barings BDC Inc has a 1 year low of $8.70 and a 1 year high of $12.39. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.01. The firm has a market cap of $506.17 million, a price-to-earnings ratio of 197.40, a price-to-earnings-growth ratio of 2.87 and a beta of 0.79.

Barings BDC (NYSE:BBDC) last issued its quarterly earnings data on Thursday, February 28th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.02. Barings BDC had a negative net margin of 142.45% and a negative return on equity of 0.01%. On average, research analysts forecast that Barings BDC Inc will post 0.69 EPS for the current year.

In other news, insider Barings Llc bought 14,700 shares of the stock in a transaction dated Thursday, January 24th. The shares were acquired at an average price of $9.73 per share, with a total value of $143,031.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Geoff Craddock bought 5,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average cost of $9.83 per share, for a total transaction of $49,150.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 241,377 shares of company stock worth $2,356,443 over the last three months. 0.29% of the stock is currently owned by insiders.

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Barings BDC Company Profile

Barings BDC, Inc (NYSE:BBDC) is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies.

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Institutional Ownership by Quarter for Barings BDC (NYSE:BBDC)

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