Barings BDC, Inc. (NYSE:BBDC) President Matthew Freund Acquires 2,500 Shares of Stock

Barings BDC, Inc. (NYSE:BBDC) President Matthew Freund bought 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average price of $9.72 per share, with a total value of $24,300.00. Following the transaction, the president now directly owns 15,971 shares in the company, valued at $155,238.12. This trade represents a 18.56 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Barings BDC Stock Up 0.5 %

Shares of NYSE BBDC opened at $9.79 on Friday. Barings BDC, Inc. has a 52-week low of $8.55 and a 52-week high of $10.38. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. The business has a fifty day moving average of $9.86 and a two-hundred day moving average of $9.87. The stock has a market cap of $1.03 billion, a PE ratio of 9.06 and a beta of 0.68.

Barings BDC (NYSE:BBDC) last announced 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). The firm had revenue of $70.85 million for the quarter, compared to the consensus estimate 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 earnings per share. As a group, equities research analysts expect that Barings BDC, Inc. will post 1.24 earnings per share for the current fiscal year.

Barings BDC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors 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 dividend on an annualized basis and a yield of 10.63%. Barings BDC’s dividend payout ratio (DPR) is presently 96.30%.

Hedge Funds Weigh In On Barings BDC

Several institutional investors have recently bought and sold shares of BBDC. Nomura Asset Management Co. Ltd. acquired a new stake in shares of Barings BDC in the third quarter valued at $26,000. nVerses Capital LLC lifted 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. Asset Dedication LLC bought a new stake in shares of Barings BDC during the second quarter valued at approximately $36,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Barings BDC in the second quarter valued at approximately $86,000. Finally, Advisory Alpha LLC bought a new position in Barings BDC in the 2nd quarter worth approximately $99,000. 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.