Jackson Hole Capital Partners LLC Makes New $115,000 Investment in Barings BDC, Inc. (NYSE:BBDC)

Jackson Hole Capital Partners LLC acquired a new position in Barings BDC, Inc. (NYSE:BBDC) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 12,055 shares of the company’s stock, valued at approximately $115,000.

A number of other large investors have also added to or reduced their stakes in the company. Private Management Group Inc. boosted its holdings in shares of Barings BDC by 2.8% in the 4th quarter. Private Management Group Inc. now owns 3,084,236 shares of the company’s stock worth $29,516,000 after purchasing an additional 83,408 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Barings BDC by 3.5% in the 4th quarter. Van ECK Associates Corp now owns 2,347,891 shares of the company’s stock worth $22,470,000 after purchasing an additional 79,994 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in shares of Barings BDC in the 3rd quarter worth approximately $10,549,000. Raymond James Financial Inc. purchased a new position in shares of Barings BDC in the 4th quarter worth approximately $8,891,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Barings BDC by 2.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 756,340 shares of the company’s stock worth $7,238,000 after purchasing an additional 15,781 shares during the period. Institutional investors own 44.09% of the company’s stock.

Barings BDC Price Performance

Shares of Barings BDC stock opened at $9.77 on Monday. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 9.39 and a beta of 0.66. 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 stock has a 50 day moving average price of $9.95 and a 200-day moving average price of $9.87. Barings BDC, Inc. has a one year low of $8.96 and a one year high of $10.85.

Barings BDC (NYSE:BBDC) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Barings BDC had a net margin of 38.54% and a return on equity of 10.94%. The business had revenue of $70.63 million for the quarter, compared to analysts’ expectations of $69.35 million. Equities analysts expect that Barings BDC, Inc. will post 1.13 EPS for the current year.

Barings BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 10.65%. The ex-dividend date is Wednesday, March 5th. Barings BDC’s payout ratio is currently 100.00%.

Insider Activity at Barings BDC

In other Barings BDC news, Director Stephen R. Byers purchased 8,485 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was bought at an average cost of $9.73 per share, for a total transaction of $82,559.05. Following the completion of the purchase, the director now owns 50,001 shares in the company, valued at $486,509.73. This represents a 20.44 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael James O’connor sold 29,424 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $9.70, for a total value of $285,412.80. The disclosure for this sale can be found here. Insiders acquired a total of 14,048 shares of company stock worth $136,772 in the last quarter. 0.45% of the stock is owned by company insiders.

Barings BDC 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.