Kingswood Wealth Advisors LLC acquired a new position in shares of Barings BDC, Inc. (NYSE:BBDC - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 32,792 shares of the company's stock, valued at approximately $314,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in shares of Barings BDC by 393.7% during the third quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company's stock worth $25,000 after buying an additional 2,059 shares in the last quarter. Nomura Asset Management Co. Ltd. purchased a new stake in Barings BDC in the 3rd quarter worth approximately $26,000. nVerses Capital LLC raised its holdings 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 acquiring an additional 1,100 shares during the last quarter. MML Investors Services LLC acquired a new stake in shares of Barings BDC during the third quarter worth $99,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of Barings BDC during the third quarter worth $99,000. Hedge funds and other institutional investors own 44.09% of the company's stock.
Barings BDC Trading Up 0.1 %
Barings BDC stock traded up $0.02 during trading on Tuesday, hitting $10.10. The company's stock had a trading volume of 458,104 shares, compared to its average volume of 379,268. The stock's fifty day moving average is $9.73 and its 200 day moving average is $9.82. Barings BDC, Inc. has a 1-year low of $8.67 and a 1-year high of $10.38. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.35 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.
Barings BDC (NYSE:BBDC - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). The company had revenue of $70.85 million during the quarter, compared to analyst estimates 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 business earned $0.31 EPS. As a group, equities research analysts predict that Barings BDC, Inc. will post 1.24 EPS for the current year.
Barings BDC Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, December 4th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.04 annualized dividend and a yield of 10.30%. Barings BDC's dividend payout ratio is presently 96.30%.
Insider Transactions at Barings BDC
In related news, insider Michael James O'connor sold 29,424 shares of Barings BDC stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $9.70, for a total transaction of $285,412.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen R. Byers purchased 8,485 shares of the firm'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 owns 50,001 shares in the company, valued at $486,509.73. This trade represents a 20.44 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 14,048 shares of company stock worth $136,772 in the last three months. 0.45% of the stock is currently owned by company insiders.
Barings BDC Profile
(
Free Report)
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.
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