CreativeOne Wealth LLC Takes $365,000 Position in Barings BDC, Inc. (NYSE:BBDC)

CreativeOne Wealth LLC acquired a new position in Barings BDC, Inc. (NYSE:BBDC) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 37,236 shares of the company’s stock, valued at approximately $365,000.

A number of other large investors have also recently bought and sold shares of BBDC. nVerses Capital LLC raised its position in shares of Barings BDC by 50.0% in the third quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock valued at $32,000 after purchasing an additional 1,100 shares during the period. Asset Dedication LLC bought a new position in Barings BDC in the 2nd quarter worth $36,000. Ashton Thomas Private Wealth LLC bought a new position in Barings BDC in the 2nd quarter worth $86,000. Advisory Alpha LLC bought a new stake in Barings BDC during the second quarter valued at about $99,000. Finally, Centaurus Financial Inc. bought a new stake in Barings BDC during the third quarter valued at about $99,000. 44.09% of the stock is currently owned by institutional investors.

Barings BDC Trading Up 1.0 %

Barings BDC stock opened at $10.34 on Tuesday. Barings BDC, Inc. has a 52 week low of $8.55 and a 52 week 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 firm has a market capitalization of $1.09 billion, a PE ratio of 9.57 and a beta of 0.67. The business’s 50-day simple moving average is $9.85 and its 200-day simple moving average is $9.88.

Barings BDC (NYSE:BBDC) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). Barings BDC had a return on equity of 11.24% and a net margin of 39.59%. The business had revenue of $70.85 million during the quarter, compared to the consensus estimate of $70.48 million. During the same period in the prior year, the firm earned $0.31 earnings per share. Equities research analysts forecast that Barings BDC, Inc. will post 1.24 earnings per share for the current year.

Barings BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, December 4th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 10.06%. The ex-dividend date of this dividend is Wednesday, December 4th. Barings BDC’s payout ratio is currently 96.30%.

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.