Focus Financial Network Inc. Decreases Stock Holdings in Barings BDC, Inc. (NYSE:BBDC)

Focus Financial Network Inc. reduced its stake in shares of Barings BDC, Inc. (NYSE:BBDC) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,788 shares of the company’s stock after selling 1,322 shares during the quarter. Focus Financial Network Inc.’s holdings in Barings BDC were worth $142,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in BBDC. JPMorgan Chase & Co. grew its stake in Barings BDC by 393.7% in the third quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock worth $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 during the third quarter valued at about $26,000. nVerses Capital LLC increased its stake in Barings BDC by 50.0% in the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock worth $32,000 after purchasing an additional 1,100 shares in the last quarter. Entropy Technologies LP acquired a new position in Barings BDC in the 4th quarter worth approximately $98,000. Finally, Centaurus Financial Inc. purchased a new position in Barings BDC during the 3rd quarter valued at about $99,000. 44.09% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Barings BDC

In other news, insider Michael James O’connor sold 29,424 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $9.70, for a total value of $285,412.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen R. Byers bought 8,485 shares of the business’s stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of $9.73 per share, with a total value of $82,559.05. Following the transaction, the director now owns 50,001 shares in the company, valued at approximately $486,509.73. The trade was a 20.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 14,048 shares of company stock worth $136,772 in the last 90 days. 0.45% of the stock is owned by insiders.

Barings BDC Stock Performance

Shares of BBDC stock opened at $10.23 on Friday. The firm has a market cap of $1.08 billion, a P/E ratio of 9.47 and a beta of 0.69. The stock’s 50-day moving average is $9.74 and its two-hundred day moving average is $9.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. Barings BDC, Inc. has a fifty-two week low of $8.86 and a fifty-two week high of $10.38.

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.