Sound Income Strategies LLC Buys 1,097 Shares of Barings BDC, Inc. (NYSE:BBDC)

Sound Income Strategies LLC grew its position in Barings BDC, Inc. (NYSE:BBDC) by 9.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,877 shares of the company’s stock after purchasing an additional 1,097 shares during the period. Sound Income Strategies LLC’s holdings in Barings BDC were worth $126,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Asset Dedication LLC bought a new stake in shares of Barings BDC during the second quarter worth $36,000. Mather Group LLC. bought a new stake in Barings BDC during the 1st quarter worth about $43,000. EntryPoint Capital LLC increased its position in Barings BDC by 121.0% in the 1st quarter. EntryPoint Capital LLC now owns 9,141 shares of the company’s stock valued at $85,000 after acquiring an additional 5,005 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Barings BDC in the second quarter worth about $86,000. Finally, Advisory Alpha LLC acquired a new position in shares of Barings BDC during the second quarter worth approximately $99,000. Institutional investors own 44.09% of the company’s stock.

Analyst Ratings Changes

Separately, Wells Fargo & Company boosted their price objective on shares of Barings BDC from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research report on Friday, July 26th.

Barings BDC Price Performance

Barings BDC stock opened at $9.71 on Tuesday. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 7.89 and a beta of 0.67. Barings BDC, Inc. has a 12-month low of $8.55 and a 12-month high of $10.27. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. The business’s 50-day simple moving average is $9.85 and its 200 day simple moving average is $9.75.

Barings BDC (NYSE:BBDC) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.40 earnings per share for the quarter, topping 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 business had revenue of $74.89 million during the quarter, compared to the consensus estimate of $70.75 million. During the same period in the previous year, the firm posted $0.31 earnings per share. As a group, research analysts anticipate that Barings BDC, Inc. will post 1.28 earnings per share for the current year.

Barings BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, September 4th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.71%. The ex-dividend date was Wednesday, September 4th. Barings BDC’s dividend payout ratio (DPR) is currently 84.55%.

About Barings BDC

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.