Van ECK Associates Corp Acquires 79,994 Shares of Barings BDC, Inc. (NYSE:BBDC)

Van ECK Associates Corp boosted its holdings in shares of Barings BDC, Inc. (NYSE:BBDC - Free Report) by 3.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,347,891 shares of the company's stock after purchasing an additional 79,994 shares during the period. Van ECK Associates Corp owned 2.22% of Barings BDC worth $22,470,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in Barings BDC by 393.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company's stock valued at $25,000 after purchasing an additional 2,059 shares in the last quarter. Nomura Asset Management Co. Ltd. bought a new position in Barings BDC in the 3rd quarter valued at $26,000. 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 last quarter. Entropy Technologies LP bought a new position in Barings BDC in the 4th quarter valued at $98,000. Finally, Centaurus Financial Inc. bought a new position in Barings BDC in the 3rd quarter valued at $99,000. 44.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Barings BDC

In related news, Director Stephen R. Byers purchased 8,485 shares of Barings BDC stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of $9.73 per share, for a total transaction of $82,559.05. Following the transaction, the director now directly owns 50,001 shares of the company's stock, valued at approximately $486,509.73. This trade represents a 20.44 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael James O'connor sold 29,424 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.70, for a total value of $285,412.80. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 14,048 shares of company stock worth $136,772. Insiders own 0.45% of the company's stock.

Barings BDC Trading Up 1.1 %

BBDC traded up $0.12 during mid-day trading on Tuesday, reaching $10.35. The stock had a trading volume of 368,824 shares, compared to its average volume of 391,911. The stock has a market capitalization of $1.09 billion, a P/E ratio of 9.58 and a beta of 0.69. 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 fifty day simple moving average is $9.75 and its two-hundred day simple moving average is $9.82. Barings BDC, Inc. has a 52 week low of $8.96 and a 52 week high of $10.40.

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.