Barings BDC, Inc. (NYSE:BBDC) Director Stephen R. Byers Buys 8,700 Shares of Stock

Barings BDC, Inc. (NYSE:BBDC) Director Stephen R. Byers acquired 8,700 shares of the stock in a transaction dated Friday, June 6th. The shares were bought at an average cost of $8.89 per share, for a total transaction of $77,343.00. Following the acquisition, the director now owns 59,734 shares in the company, valued at $531,035.26. The trade was a 17.05% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Barings BDC Price Performance

Barings BDC stock opened at $8.89 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.14 and a current ratio of 0.14. The firm has a market cap of $937.09 million, a P/E ratio of 8.55 and a beta of 0.73. The business’s fifty day moving average is $8.79 and its two-hundred day moving average is $9.47. Barings BDC, Inc. has a 52 week low of $7.66 and a 52 week high of $10.85.

Barings BDC (NYSE:BBDC) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). Barings BDC had a net margin of 38.54% and a return on equity of 10.94%. The firm had revenue of $64.44 million for the quarter, compared to analyst estimates of $67.78 million. During the same period last year, the company earned $0.28 EPS. The company’s revenue was down 7.7% compared to the same quarter last year. Equities research analysts forecast that Barings BDC, Inc. will post 1.13 earnings per share for the current fiscal year.

Barings BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, June 4th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 11.70%. Barings BDC’s dividend payout ratio is presently 110.64%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Bank of America lowered their target price on Barings BDC from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, May 19th. Keefe, Bruyette & Woods cut their target price on Barings BDC from $10.50 to $9.50 and set a “market perform” rating for the company in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company upgraded Barings BDC from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $8.50 to $9.50 in a research report on Wednesday, May 28th.

Institutional Investors Weigh In On Barings BDC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Chicago Partners Investment Group LLC raised its position in shares of Barings BDC by 56.0% in the fourth quarter. Chicago Partners Investment Group LLC now owns 23,101 shares of the company’s stock valued at $216,000 after buying an additional 8,293 shares in the last quarter. Private Management Group Inc. grew its stake in shares of Barings BDC by 2.8% during the fourth quarter. Private Management Group Inc. now owns 3,084,236 shares of the company’s stock worth $29,516,000 after buying an additional 83,408 shares during the last quarter. Financial Advocates Investment Management boosted its holdings in shares of Barings BDC by 38.8% during the 4th quarter. Financial Advocates Investment Management now owns 18,854 shares of the company’s stock valued at $180,000 after acquiring an additional 5,274 shares in the last quarter. Consolidated Portfolio Review Corp bought a new stake in shares of Barings BDC during the fourth quarter worth about $203,000. Finally, Entropy Technologies LP bought a new stake in Barings BDC during the 4th quarter worth approximately $98,000. Institutional investors own 44.09% of the company’s stock.

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.