Barings BDC, Inc. (NYSE:BBDC) Director Stephen R. Byers Buys 8,485 Shares

Barings BDC, Inc. (NYSE:BBDC) Director Stephen R. Byers acquired 8,485 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $9.73 per share, with a total value of $82,559.05. Following the completion of the transaction, the director now directly owns 50,001 shares in the company, valued at approximately $486,509.73. The trade was a 20.44 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Barings BDC Trading Down 0.8 %

NYSE BBDC traded down $0.08 on Friday, reaching $9.71. The stock had a trading volume of 620,504 shares, compared to its average volume of 432,432. Barings BDC, Inc. has a 12-month low of $8.55 and a 12-month high of $10.38. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29. The stock has a fifty day moving average price of $9.86 and a two-hundred day moving average price of $9.87. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 9.06 and a beta of 0.68.

Barings BDC (NYSE:BBDC) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.29 EPS for the quarter, missing the consensus estimate 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 net margin of 39.59% and a return on equity of 11.24%. During the same period in the prior year, the business earned $0.31 EPS. As a group, sell-side analysts forecast that Barings BDC, Inc. will post 1.24 EPS for the current fiscal year.

Barings BDC Dividend Announcement

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

Hedge Funds Weigh In On Barings BDC

Several large investors have recently bought and sold shares of BBDC. Franklin Resources Inc. lifted its position in Barings BDC by 38.9% in the third quarter. Franklin Resources Inc. now owns 322,954 shares of the company’s stock valued at $3,136,000 after acquiring an additional 90,390 shares during the last quarter. Nomura Asset Management Co. Ltd. purchased a new stake in shares of Barings BDC in the 3rd quarter valued at about $26,000. MML Investors Services LLC acquired a new stake in shares of Barings BDC in the 3rd quarter valued at about $99,000. Jane Street Group LLC acquired a new stake in shares of Barings BDC in the 3rd quarter valued at about $307,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in Barings BDC during the 3rd quarter worth approximately $10,549,000. 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.