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

Barings BDC, Inc. (NYSE:BBDC) President Matthew Freund bought 2,500 shares of Barings BDC stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of $9.72 per share, for a total transaction of $24,300.00. Following the purchase, the president now directly owns 15,971 shares in the company, valued at approximately $155,238.12. The trade was a 18.56 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Barings BDC Trading Up 0.5 %

Shares of NYSE BBDC opened at $9.79 on Friday. Barings BDC, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $10.38. The firm has a market capitalization of $1.03 billion, a P/E ratio of 9.06 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. The company’s 50 day simple moving average is $9.86 and its 200 day simple moving average is $9.87.

Barings BDC (NYSE:BBDC) last posted its quarterly earnings results 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). Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. The company had revenue of $70.85 million during the quarter, compared to analyst estimates of $70.48 million. During the same period last year, the company earned $0.31 EPS. On average, analysts predict that Barings BDC, Inc. will post 1.24 EPS for the current year.

Barings BDC Dividend Announcement

The business also recently announced 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 10.63%. Barings BDC’s payout ratio is currently 96.30%.

Institutional Trading of Barings BDC

A number of hedge funds have recently modified their holdings of the company. Stifel Financial Corp grew its holdings in Barings BDC by 1.6% during the third quarter. Stifel Financial Corp now owns 64,110 shares of the company’s stock valued at $628,000 after purchasing an additional 1,017 shares during the period. Sound Income Strategies LLC grew its holdings in shares of Barings BDC by 9.3% in the 3rd quarter. Sound Income Strategies LLC now owns 12,877 shares of the company’s stock valued at $126,000 after buying an additional 1,097 shares during the period. nVerses Capital LLC increased its position in shares of Barings BDC by 50.0% in the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock valued at $32,000 after buying an additional 1,100 shares in the last quarter. ProShare Advisors LLC raised its stake in Barings BDC by 8.0% during the 2nd quarter. ProShare Advisors LLC now owns 14,895 shares of the company’s stock worth $145,000 after buying an additional 1,101 shares during the period. Finally, SeaCrest Wealth Management LLC lifted its holdings in Barings BDC by 6.7% during the second quarter. SeaCrest Wealth Management LLC now owns 19,169 shares of the company’s stock worth $187,000 after acquiring an additional 1,200 shares in the last quarter. 44.09% of the stock is currently owned by institutional investors and hedge funds.

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.