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

Barings BDC, Inc. (NYSE:BBDC) Director Stephen R. Byers bought 1,063 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average cost of $9.89 per share, with a total value of $10,513.07. Following the transaction, the director now directly owns 41,516 shares of the company’s stock, valued at $410,593.24. The trade was a 2.63 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Barings BDC Stock Performance

BBDC stock traded down $0.08 during midday trading on Friday, reaching $9.71. The stock had a trading volume of 620,504 shares, compared to its average volume of 432,432. 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 has a fifty day simple moving average of $9.86 and a two-hundred day simple moving average of $9.87. The stock has a market cap of $1.02 billion, a PE ratio of 9.06 and a beta of 0.68. Barings BDC, Inc. has a 52-week low of $8.55 and a 52-week high of $10.38.

Barings BDC (NYSE:BBDC) last issued 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 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 firm earned $0.31 EPS. As a group, equities research analysts anticipate that Barings BDC, Inc. will post 1.24 EPS for the current year.

Barings BDC Announces Dividend

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

Institutional Trading of Barings BDC

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. grew its stake in Barings BDC by 38.9% in the 3rd quarter. Franklin Resources Inc. now owns 322,954 shares of the company’s stock valued at $3,136,000 after acquiring an additional 90,390 shares during the period. Nomura Asset Management Co. Ltd. purchased a new position in Barings BDC in the 3rd quarter worth approximately $26,000. MML Investors Services LLC purchased a new stake in Barings BDC in the 3rd quarter valued at $99,000. Jane Street Group LLC acquired a new stake in shares of Barings BDC during the 3rd quarter worth approximately $307,000. Finally, Kovitz Investment Group Partners LLC purchased a new stake in Barings BDC in the 3rd quarter valued at about $10,549,000. 44.09% of the stock is currently 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.