Caliber Wealth Management LLC KS Sells 56,853 Shares of Barings Bdc, Inc. $BBDC

Caliber Wealth Management LLC KS cut its stake in shares of Barings Bdc, Inc. (NYSE:BBDC) by 27.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 153,739 shares of the company’s stock after selling 56,853 shares during the period. Caliber Wealth Management LLC KS owned 0.15% of Barings Bdc worth $1,347,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in shares of Barings Bdc during the third quarter worth $38,000. Mather Group LLC. acquired a new position in Barings Bdc during the third quarter worth $44,000. Golden State Wealth Management LLC raised its stake in shares of Barings Bdc by 269.6% in the second quarter. Golden State Wealth Management LLC now owns 7,077 shares of the company’s stock worth $65,000 after purchasing an additional 5,162 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Barings Bdc during the 3rd quarter worth $88,000. Finally, Wealth Management Partners LLC purchased a new position in Barings Bdc during the third quarter worth about $92,000. 44.09% of the stock is currently owned by institutional investors and hedge funds.

Barings Bdc Trading Up 0.9%

Shares of Barings Bdc stock opened at $8.95 on Friday. The firm has a market capitalization of $941.18 million, a price-to-earnings ratio of 9.23 and a beta of 0.60. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.10. Barings Bdc, Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $10.85. The stock has a 50 day moving average of $9.04 and a 200 day moving average of $9.11.

Barings Bdc (NYSE:BBDC) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. Barings Bdc had a return on equity of 10.11% and a net margin of 36.01%.The firm had revenue of $72.40 million during the quarter, compared to analysts’ expectations of $69.71 million. During the same quarter in the prior year, the business posted $0.29 earnings per share. As a group, research analysts predict that Barings Bdc, Inc. will post 1.13 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods dropped their price objective on Barings Bdc from $10.00 to $9.50 and set a “market perform” rating on the stock in a research note on Monday, November 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Barings Bdc in a report on Monday, December 29th. Finally, Wells Fargo & Company decreased their price target on shares of Barings Bdc from $10.00 to $9.50 and set an “overweight” rating for the company in a research note on Monday, November 10th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.67.

About Barings Bdc

Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.

The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).