Barings BDC, Inc. (NYSE:BBDC) Director Buys $82,559.05 in Stock

Barings BDC, Inc. (NYSE:BBDC) Director Stephen R. Byers bought 8,485 shares of the stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $9.73 per share, for a total transaction of $82,559.05. Following the completion of the purchase, the director now directly owns 50,001 shares in the company, valued at approximately $486,509.73. This trade represents a 20.44 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Barings BDC Stock Performance

NYSE BBDC opened at $9.71 on Monday. The company has a market capitalization 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 quick ratio of 0.11 and a current ratio of 0.11. Barings BDC, Inc. has a 52-week low of $8.55 and a 52-week high of $10.38. The company has a 50-day simple moving average of $9.86 and a 200 day simple moving average of $9.87.

Barings BDC (NYSE:BBDC) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $70.48 million. During the same quarter in the previous year, the business earned $0.31 EPS. On average, research analysts predict that Barings BDC, Inc. will post 1.24 EPS for the current year.

Barings BDC Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BBDC. Stifel Financial Corp raised its stake in Barings BDC by 1.6% in the 3rd quarter. Stifel Financial Corp now owns 64,110 shares of the company’s stock valued at $628,000 after acquiring an additional 1,017 shares during the period. Sound Income Strategies LLC increased its stake in shares of Barings BDC by 9.3% in the third 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 in the last quarter. nVerses Capital LLC raised its position in shares of Barings BDC by 50.0% in the third quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock valued at $32,000 after purchasing an additional 1,100 shares during the period. ProShare Advisors LLC lifted 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 valued at $145,000 after buying an additional 1,101 shares in the last quarter. Finally, SeaCrest Wealth Management LLC boosted its holdings in Barings BDC by 6.7% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 19,169 shares of the company’s stock worth $187,000 after buying an additional 1,200 shares during the period. Hedge funds and other institutional investors own 44.09% of the company’s stock.

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.