Insider Buying: Barings BDC, Inc. (NYSE:BBDC) Director Purchases $10,513.07 in Stock

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

Barings BDC Price Performance

BBDC stock opened at $9.71 on Monday. The stock has a market cap of $1.02 billion, a PE ratio of 8.99 and a beta of 0.68. Barings BDC, Inc. has a 12 month low of $8.55 and a 12 month high of $10.38. 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 current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29.

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). The firm had revenue of $70.85 million during the quarter, compared to the consensus estimate of $70.48 million. Barings BDC had a return on equity of 11.24% and a net margin of 39.59%. During the same period in the previous year, the business earned $0.31 EPS. Equities research analysts anticipate that Barings BDC, Inc. will post 1.24 earnings per share for the current year.

Barings BDC Announces Dividend

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 of this dividend was Wednesday, December 4th. Barings BDC’s payout ratio is currently 96.30%.

Institutional Trading of Barings BDC

A number of hedge funds and other institutional investors have recently bought and sold shares of BBDC. Stifel Financial Corp boosted its stake in shares of 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 lifted its holdings in Barings BDC by 9.3% during 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 position in 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 during the period. ProShare Advisors LLC grew its stake in Barings BDC by 8.0% in the 2nd quarter. ProShare Advisors LLC now owns 14,895 shares of the company’s stock worth $145,000 after acquiring an additional 1,101 shares in the last quarter. Finally, SeaCrest Wealth Management LLC increased its position in shares of 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 during the period. Hedge funds and other institutional investors 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.