Centaurus Financial Inc. Makes New $99,000 Investment in Barings BDC, Inc. (NYSE:BBDC)

Centaurus Financial Inc. purchased a new position in shares of Barings BDC, Inc. (NYSE:BBDC) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 10,124 shares of the company’s stock, valued at approximately $99,000.

Several other hedge funds also recently modified their holdings of the company. Sound Income Strategies LLC boosted its stake in shares of Barings BDC by 9.3% during the 3rd quarter. Sound Income Strategies LLC now owns 12,877 shares of the company’s stock worth $126,000 after purchasing an additional 1,097 shares during the last quarter. nVerses Capital LLC boosted its stake in shares of Barings BDC by 50.0% during the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock worth $32,000 after purchasing an additional 1,100 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Barings BDC by 8.0% during the 2nd quarter. ProShare Advisors LLC now owns 14,895 shares of the company’s stock worth $145,000 after purchasing an additional 1,101 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in shares of Barings BDC by 6.7% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 19,169 shares of the company’s stock worth $187,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Barings BDC by 3.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 49,800 shares of the company’s stock worth $485,000 after purchasing an additional 1,468 shares during the last quarter. 44.09% of the stock is owned by institutional investors and hedge funds.

Barings BDC Price Performance

Barings BDC stock opened at $10.25 on Friday. Barings BDC, Inc. has a 12-month low of $8.55 and a 12-month high of $10.30. The stock has a market capitalization of $1.08 billion, a P/E ratio of 9.49 and a beta of 0.67. The firm’s 50-day moving average is $9.83 and its two-hundred day moving average is $9.87. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11.

Barings BDC (NYSE:BBDC) last released its earnings results on Wednesday, November 6th. The company reported $0.29 earnings per share (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 company had revenue of $70.85 million during the quarter, compared to analyst estimates of $70.48 million. During the same period in the prior year, the business posted $0.31 earnings per share. Equities analysts predict 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 given a $0.26 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.04 annualized dividend and a dividend yield of 10.15%. Barings BDC’s dividend payout ratio is presently 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.