Stephen R. Byers Acquires 1,063 Shares of Barings BDC, Inc. (NYSE:BBDC) Stock

Barings BDC, Inc. (NYSE:BBDC - Get Free Report) Director Stephen R. Byers purchased 1,063 shares of the firm's stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average cost of $9.89 per share, for a total transaction of $10,513.07. Following the acquisition, the director now owns 41,516 shares of the company's stock, valued at approximately $410,593.24. This trade represents a 2.63 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Barings BDC Price Performance

BBDC stock traded down $0.08 during mid-day trading on Friday, hitting $9.71. 620,504 shares of the stock were exchanged, 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 debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. The business has a fifty day moving average price of $9.86 and a 200 day moving average price of $9.87. The stock 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 posted its 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 business had revenue of $70.85 million for 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 last year, the firm posted $0.31 earnings per share. On average, sell-side analysts anticipate that Barings BDC, Inc. will post 1.24 EPS for the current year.

Barings BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders 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 dividend yield of 10.71%. The ex-dividend date was Wednesday, December 4th. Barings BDC's payout ratio is presently 96.30%.

Hedge Funds Weigh In On Barings BDC

A number of institutional investors and hedge funds have recently made changes to their positions in BBDC. Kovitz Investment Group Partners LLC bought a new stake in Barings BDC in the third quarter worth $10,549,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Barings BDC by 148.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 740,559 shares of the company's stock valued at $7,257,000 after acquiring an additional 442,621 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Barings BDC by 17.7% in the 2nd quarter. Van ECK Associates Corp now owns 2,138,487 shares of the company's stock valued at $20,808,000 after acquiring an additional 321,638 shares during the last quarter. Franklin Resources Inc. grew its holdings in Barings BDC by 38.9% during the 3rd quarter. Franklin Resources Inc. now owns 322,954 shares of the company's stock valued at $3,136,000 after purchasing an additional 90,390 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Barings BDC in the 2nd quarter worth about $731,000. 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.

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