Barings BDC, Inc. (NYSE:BBDC) Director Stephen R. Byers Buys 1,063 Shares of Stock

Barings BDC, Inc. (NYSE:BBDC) Director Stephen R. Byers purchased 1,063 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average cost of $9.89 per share, for a total transaction of $10,513.07. Following the transaction, the director now directly owns 41,516 shares in the company, valued at approximately $410,593.24. This represents a 2.63 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Barings BDC Price Performance

Shares of BBDC opened at $9.71 on Friday. The stock has a market capitalization of $1.02 billion, a PE ratio of 8.99 and a beta of 0.68. The company has a 50 day moving average price of $9.86 and a 200-day moving average price of $9.87. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. Barings BDC, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $10.38.

Barings BDC (NYSE:BBDC) last released 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). The firm had revenue of $70.85 million during 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 quarter in the prior year, the business 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 company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders 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 10.72%. Barings BDC’s dividend payout ratio is currently 96.30%.

Institutional Trading of Barings BDC

Several large investors have recently made changes to their positions in the business. Stifel Financial Corp boosted its stake in shares of Barings BDC by 1.6% during the 3rd quarter. Stifel Financial Corp now owns 64,110 shares of the company’s stock worth $628,000 after acquiring an additional 1,017 shares in the last quarter. Sound Income Strategies LLC lifted its stake in 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 in the last quarter. nVerses Capital LLC boosted its holdings in Barings BDC by 50.0% in the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock worth $32,000 after buying an additional 1,100 shares during the last quarter. ProShare Advisors LLC increased 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 in the last quarter. Finally, SeaCrest Wealth Management LLC lifted its position in shares of Barings BDC by 6.7% in the second quarter. SeaCrest Wealth Management LLC now owns 19,169 shares of the company’s stock valued at $187,000 after acquiring an additional 1,200 shares in the last quarter. 44.09% of the stock is owned by hedge funds and other institutional investors.

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.