Barings BDC, Inc. (NYSE:BBDC) President Buys $24,300.00 in Stock

Barings BDC, Inc. (NYSE:BBDC) President Matthew Freund purchased 2,500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price of $9.72 per share, for a total transaction of $24,300.00. Following the completion of the acquisition, the president now owns 15,971 shares of the company’s stock, valued at approximately $155,238.12. The trade was a 18.56 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Barings BDC Stock Down 0.8 %

NYSE:BBDC opened at $9.71 on Friday. Barings BDC, Inc. has a 1-year low of $8.55 and a 1-year high of $10.38. The company has a 50-day moving average of $9.86 and a 200 day moving average of $9.87. The firm has a market cap of $1.02 billion, a PE ratio of 8.99 and a beta of 0.68. 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 quarterly earnings data on Wednesday, November 6th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The business had revenue of $70.85 million during the quarter, compared to analysts’ expectations of $70.48 million. Barings BDC had a return on equity of 11.24% and a net margin of 39.59%. During the same period last year, the company earned $0.31 earnings per share. As a group, research analysts anticipate that Barings BDC, Inc. will post 1.24 EPS for the current fiscal year.

Barings BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, December 4th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 10.71%. The ex-dividend date was Wednesday, December 4th. Barings BDC’s payout ratio is 96.30%.

Institutional Trading of Barings BDC

Several hedge funds have recently modified their holdings of BBDC. Van ECK Associates Corp raised its position in shares of Barings BDC by 6.1% in the 3rd quarter. Van ECK Associates Corp now owns 2,267,897 shares of the company’s stock valued at $22,134,000 after purchasing an additional 129,410 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Barings BDC during the 3rd quarter worth approximately $10,549,000. Harbor Capital Advisors Inc. lifted its position in shares of Barings BDC by 148.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 740,559 shares of the company’s stock valued at $7,257,000 after buying an additional 442,621 shares in the last quarter. Confluence Investment Management LLC lifted its position in shares of Barings BDC by 1.2% during the 3rd quarter. Confluence Investment Management LLC now owns 515,354 shares of the company’s stock valued at $5,050,000 after buying an additional 5,907 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Barings BDC by 8.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 350,659 shares of the company’s stock valued at $3,436,000 after buying an additional 26,420 shares in the last quarter. 44.09% of the stock is owned by hedge funds and other institutional investors.

Barings BDC Company Profile

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.