Insider Buying: Barings BDC, Inc. (NYSE:BBDC) CFO Buys 2,000 Shares of Stock

Barings BDC, Inc. (NYSE:BBDC - Get Free Report) CFO Elizabeth A. Murray purchased 2,000 shares of Barings BDC stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average cost of $9.70 per share, with a total value of $19,400.00. Following the acquisition, the chief financial officer now directly owns 20,805 shares of the company's stock, valued at $201,808.50. The trade was a 10.64 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Barings BDC Stock Down 0.8 %

Shares of BBDC traded down $0.08 during trading on Friday, reaching $9.71. The company's stock had a trading volume of 620,648 shares, compared to its average volume of 432,924. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 8.99 and a beta of 0.68. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29. The company has a fifty day moving average of $9.86 and a two-hundred day moving average of $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 - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). The company had revenue of $70.85 million for 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 last year, the company earned $0.31 earnings per share. On average, sell-side analysts predict that Barings BDC, Inc. will post 1.24 EPS for the current fiscal year.

Barings BDC Announces Dividend

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

Institutional Trading of Barings BDC

Several institutional investors and hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. grew its position in shares of Barings BDC by 38.9% during the 3rd quarter. Franklin Resources Inc. now owns 322,954 shares of the company's stock valued at $3,136,000 after buying an additional 90,390 shares during the last quarter. Nomura Asset Management Co. Ltd. acquired a new position in shares of Barings BDC during the third quarter valued at $26,000. MML Investors Services LLC bought a new stake in shares of Barings BDC during the third quarter valued at about $99,000. Jane Street Group LLC acquired a new stake in Barings BDC in the third quarter worth about $307,000. Finally, Kovitz Investment Group Partners LLC bought a new position in Barings BDC in the 3rd quarter valued at about $10,549,000. Institutional investors and hedge funds own 44.09% of the company's stock.

Barings BDC Company 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.