Barings BDC, Inc. (NYSE:BBDC) Director Stephen R. Byers Buys 8,485 Shares

Barings BDC, Inc. (NYSE:BBDC - Get Free Report) Director Stephen R. Byers acquired 8,485 shares of the business's stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $9.73 per share, with a total value of $82,559.05. Following the completion of the transaction, the director now directly owns 50,001 shares in the company, valued at approximately $486,509.73. The trade was a 20.44 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Barings BDC Trading Down 0.8 %

NYSE BBDC traded down $0.08 on Friday, reaching $9.71. The stock had a trading volume of 620,504 shares, compared to its average volume of 432,432. Barings BDC, Inc. has a 12-month low of $8.55 and a 12-month high of $10.38. 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 stock has a fifty day moving average price of $9.86 and a two-hundred day moving average price of $9.87. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 9.06 and a beta of 0.68.

Barings BDC (NYSE:BBDC - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $70.85 million during the quarter, compared to analysts' expectations of $70.48 million. Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. During the same period in the prior year, the business earned $0.31 EPS. As a group, sell-side analysts forecast that Barings BDC, Inc. will post 1.24 EPS for the current fiscal year.

Barings BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders 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 annualized dividend and a dividend yield of 10.71%. Barings BDC's dividend payout ratio (DPR) is currently 96.30%.

Hedge Funds Weigh In On Barings BDC

Several large investors have recently bought and sold shares of BBDC. Franklin Resources Inc. lifted its position in Barings BDC by 38.9% in the third 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 last quarter. Nomura Asset Management Co. Ltd. purchased a new stake in shares of Barings BDC in the 3rd quarter valued at about $26,000. MML Investors Services LLC acquired a new stake in shares of Barings BDC in the 3rd quarter valued at about $99,000. Jane Street Group LLC acquired a new stake in shares of Barings BDC in the 3rd quarter valued at about $307,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in Barings BDC during the 3rd quarter worth approximately $10,549,000. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.