Matthew Freund Acquires 2,500 Shares of Barings BDC, Inc. (NYSE:BBDC) Stock

Barings BDC, Inc. (NYSE:BBDC) President Matthew Freund bought 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average cost of $9.72 per share, for a total transaction of $24,300.00. Following the completion of the acquisition, the president now directly owns 15,971 shares in the company, valued at $155,238.12. The trade was a 18.56 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Barings BDC Trading Down 0.9 %

Shares of Barings BDC stock opened at $9.71 on Friday. 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 simple moving average of $9.86 and a two-hundred day simple moving average of $9.87. Barings BDC, Inc. has a 1 year low of $8.55 and a 1 year high of $10.38. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 8.99 and a beta of 0.68.

Barings BDC (NYSE:BBDC) last posted 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). Barings BDC had a return on equity of 11.24% and a net margin of 39.59%. The company had revenue of $70.85 million for the quarter, compared to analyst estimates of $70.48 million. During the same quarter in the prior year, the business posted $0.31 EPS. Research analysts forecast that Barings BDC, Inc. will post 1.24 EPS for the current year.

Barings BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, December 4th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 10.72%. The ex-dividend date was Wednesday, December 4th. Barings BDC’s payout ratio is 96.30%.

Hedge Funds Weigh In On Barings BDC

A number of large investors have recently made changes to their positions in BBDC. Franklin Resources Inc. grew its stake in shares of Barings BDC by 38.9% in the third quarter. Franklin Resources Inc. now owns 322,954 shares of the company’s stock valued at $3,136,000 after acquiring an additional 90,390 shares in the last quarter. Nomura Asset Management Co. Ltd. bought a new stake in Barings BDC in the 3rd quarter valued at about $26,000. MML Investors Services LLC acquired a new position in shares of Barings BDC during the 3rd quarter worth approximately $99,000. Jane Street Group LLC acquired a new position in shares of Barings BDC during the 3rd quarter worth approximately $307,000. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Barings BDC during the third quarter worth approximately $10,549,000. 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.