Barings BDC, Inc. (NYSE:BBDC) Insider Michael James O'connor Sells 29,424 Shares

Barings BDC, Inc. (NYSE:BBDC - Get Free Report) insider Michael James O'connor sold 29,424 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $9.70, for a total transaction of $285,412.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Barings BDC Price Performance

NYSE BBDC traded down $0.08 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. Barings BDC, Inc. has a twelve month low of $8.55 and a twelve month high of $10.38. 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's 50 day moving average is $9.86 and its two-hundred day moving average is $9.87. The stock has a market cap of $1.02 billion, a PE ratio of 8.99 and a beta of 0.68.

Barings BDC (NYSE:BBDC - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $70.85 million during 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 period in the prior year, the company posted $0.31 EPS. As a group, sell-side analysts predict that Barings BDC, Inc. will post 1.24 EPS for the current year.

Barings BDC Dividend Announcement

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

Institutional Trading of Barings BDC

Hedge funds have recently modified their holdings of the business. Stifel Financial Corp boosted its holdings 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 worth $628,000 after purchasing an additional 1,017 shares during the period. Sound Income Strategies LLC lifted its position in Barings BDC by 9.3% in the 3rd quarter. Sound Income Strategies LLC now owns 12,877 shares of the company's stock worth $126,000 after buying an additional 1,097 shares in the last quarter. nVerses Capital LLC boosted its stake in shares of Barings BDC by 50.0% during 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 holdings in shares of Barings BDC by 8.0% during the 2nd quarter. ProShare Advisors LLC now owns 14,895 shares of the company's stock valued at $145,000 after acquiring an additional 1,101 shares in the last quarter. Finally, SeaCrest Wealth Management LLC increased its stake in shares of Barings BDC by 6.7% in 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 last quarter. 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.