Barings BDC, Inc. (NYSE:BBDC) Shares Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC grew its holdings in Barings BDC, Inc. (NYSE:BBDC) by 24.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,808 shares of the company’s stock after acquiring an additional 2,907 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Barings BDC were worth $145,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BBDC. International Assets Investment Management LLC acquired a new stake in Barings BDC in the 3rd quarter worth approximately $1,700,000. nVerses Capital LLC lifted its stake in shares of Barings BDC by 50.0% during the third quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock worth $32,000 after buying an additional 1,100 shares during the period. SeaCrest Wealth Management LLC grew its holdings in shares of Barings BDC by 8.5% during the third quarter. SeaCrest Wealth Management LLC now owns 20,806 shares of the company’s stock valued at $204,000 after buying an additional 1,637 shares during the last quarter. Creative Planning increased its position in shares of Barings BDC by 6.6% in the 3rd quarter. Creative Planning now owns 39,552 shares of the company’s stock valued at $388,000 after acquiring an additional 2,432 shares during the period. Finally, Sound Income Strategies LLC raised its stake in Barings BDC by 9.3% in the 3rd quarter. Sound Income Strategies LLC now owns 12,877 shares of the company’s stock worth $126,000 after acquiring an additional 1,097 shares during the last quarter. Hedge funds and other institutional investors own 44.09% of the company’s stock.

Barings BDC Stock Performance

Shares of NYSE BBDC opened at $9.78 on Thursday. The company has a 50 day simple moving average of $9.80 and a two-hundred day simple moving average of $9.81. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 9.40 and a beta of 0.67. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29. Barings BDC, Inc. has a 12 month low of $8.55 and a 12 month high of $10.27.

Barings BDC (NYSE:BBDC) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.30 by $0.10. The company had revenue of $74.89 million for the quarter, compared to analyst estimates of $70.75 million. Barings BDC had a net margin of 38.32% and a return on equity of 11.49%. During the same period in the prior year, the company earned $0.31 earnings per share. As a group, analysts predict that Barings BDC, Inc. will post 1.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.