Focus Financial Network Inc. Sells 1,322 Shares of Barings BDC, Inc. (NYSE:BBDC)

Focus Financial Network Inc. reduced its stake in Barings BDC, Inc. (NYSE:BBDC) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,788 shares of the company’s stock after selling 1,322 shares during the period. Focus Financial Network Inc.’s holdings in Barings BDC were worth $142,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new position in shares of Barings BDC during the 2nd quarter worth about $121,000. Creative Planning grew its holdings in Barings BDC by 6.6% during the third quarter. Creative Planning now owns 39,552 shares of the company’s stock valued at $388,000 after purchasing an additional 2,432 shares during the period. SeaCrest Wealth Management LLC increased its stake in Barings BDC by 8.5% in the third quarter. SeaCrest Wealth Management LLC now owns 20,806 shares of the company’s stock valued at $204,000 after purchasing an additional 1,637 shares in the last quarter. nVerses Capital LLC boosted its position 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 purchasing an additional 1,100 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Barings BDC in the 3rd quarter valued at $1,700,000. Institutional investors own 44.09% of the company’s stock.

Insider Activity

In related news, insider Michael James O’connor sold 29,424 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $9.70, for a total value of $285,412.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen R. Byers bought 8,485 shares of the stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $9.73 per share, with a total value of $82,559.05. Following the acquisition, the director now owns 50,001 shares in the company, valued at approximately $486,509.73. This represents a 20.44 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 14,048 shares of company stock worth $136,772 in the last 90 days. Corporate insiders own 0.45% of the company’s stock.

Barings BDC Stock Performance

Shares of Barings BDC stock opened at $10.23 on Friday. Barings BDC, Inc. has a 12 month low of $8.86 and a 12 month high of $10.38. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.08 billion, a PE ratio of 9.47 and a beta of 0.69. The stock’s fifty day simple moving average is $9.74 and its 200 day simple moving average is $9.83.

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.