Franklin Resources Inc. Buys 90,390 Shares of Barings BDC, Inc. (NYSE:BBDC)

Franklin Resources Inc. increased its stake in Barings BDC, Inc. (NYSE:BBDC - Free Report) by 38.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 322,954 shares of the company's stock after purchasing an additional 90,390 shares during the period. Franklin Resources Inc. owned 0.31% of Barings BDC worth $3,136,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BBDC. Nomura Asset Management Co. Ltd. bought a new position in shares of Barings BDC in the 3rd quarter valued at about $26,000. nVerses Capital LLC boosted its stake in Barings BDC by 50.0% in the third quarter. nVerses Capital LLC now owns 3,300 shares of the company's stock valued at $32,000 after acquiring an additional 1,100 shares during the last quarter. Asset Dedication LLC acquired a new stake in Barings BDC during the 2nd quarter worth $36,000. Ashton Thomas Private Wealth LLC acquired a new stake in Barings BDC during the 2nd quarter worth $86,000. Finally, MML Investors Services LLC bought a new stake in shares of Barings BDC during the 3rd quarter valued at $99,000. Institutional investors and hedge funds own 44.09% of the company's stock.

Insider Buying and Selling at Barings BDC

In related news, Director Stephen R. Byers bought 8,485 shares of the company's stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of $9.73 per share, for a total transaction of $82,559.05. Following the acquisition, the director now owns 50,001 shares of the company's stock, valued at approximately $486,509.73. This represents a 20.44 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael James O'connor sold 29,424 shares of Barings BDC stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $9.70, for a total transaction of $285,412.80. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 14,048 shares of company stock valued at $136,772. Corporate insiders own 0.45% of the company's stock.

Barings BDC Trading Up 0.1 %

Shares of NYSE:BBDC traded up $0.01 during midday trading on Thursday, hitting $9.51. The company had a trading volume of 308,086 shares, compared to its average volume of 436,643. 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, Inc. has a 12 month low of $8.55 and a 12 month high of $10.38. The firm has a fifty day simple moving average of $9.81 and a 200 day simple moving average of $9.84. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 8.81 and a beta of 0.68.

Barings BDC (NYSE:BBDC - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.29 earnings per share (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 return on equity of 11.24% and a net margin of 39.59%. During the same quarter last year, the business posted $0.31 EPS. On average, 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 issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 10.94%. The ex-dividend date of this dividend was Wednesday, December 4th. Barings BDC's dividend payout ratio is currently 96.30%.

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.