Stephen R. Byers Purchases 8,485 Shares of Barings BDC, Inc. (NYSE:BBDC) Stock

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

Barings BDC Stock Performance

Barings BDC stock traded down $0.08 during mid-day trading on Friday, reaching $9.71. 620,504 shares of the company were exchanged, compared to its average volume of 432,432. The firm has a market cap of $1.02 billion, a PE ratio of 9.06 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. The firm’s 50-day simple moving average is $9.86 and its two-hundred day simple moving average is $9.87. Barings BDC, Inc. has a twelve month low of $8.55 and a twelve month high of $10.38.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings data 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 net margin of 39.59% and a return on equity of 11.24%. The firm had revenue of $70.85 million during the quarter, compared to analyst estimates of $70.48 million. During the same period in the prior year, the firm posted $0.31 earnings per share. Equities analysts predict that Barings BDC, Inc. will post 1.24 earnings per share for the current fiscal year.

Barings BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, December 4th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 10.71%. The ex-dividend date was Wednesday, December 4th. Barings BDC’s dividend payout ratio is presently 96.30%.

Institutional Investors Weigh In On Barings BDC

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kovitz Investment Group Partners LLC acquired a new stake in shares of Barings BDC in the 3rd quarter worth approximately $10,549,000. Harbor Capital Advisors Inc. increased its position in shares of Barings BDC by 148.6% in the third quarter. Harbor Capital Advisors Inc. now owns 740,559 shares of the company’s stock valued at $7,257,000 after buying an additional 442,621 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Barings BDC by 17.7% during the 2nd quarter. Van ECK Associates Corp now owns 2,138,487 shares of the company’s stock worth $20,808,000 after buying an additional 321,638 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Barings BDC by 38.9% in the 3rd quarter. Franklin Resources Inc. now owns 322,954 shares of the company’s stock worth $3,136,000 after buying an additional 90,390 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Barings BDC in the 2nd quarter worth about $731,000. Institutional investors and hedge funds 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.