Barings BDC, Inc. (NYSE:BBDC) Director Stephen R. Byers Acquires 8,485 Shares

Barings BDC, Inc. (NYSE:BBDC) Director Stephen R. Byers purchased 8,485 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of $9.73 per share, for a total transaction of $82,559.05. Following the transaction, the director now owns 50,001 shares in the company, valued at $486,509.73. This represents a 20.44 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Barings BDC Trading Down 0.8 %

Shares of Barings BDC stock opened at $9.71 on Friday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.02 billion, a P/E ratio of 8.99 and a beta of 0.68. The stock has a fifty day simple moving average of $9.86 and a 200 day simple moving average of $9.87. Barings BDC, Inc. has a 12-month low of $8.55 and a 12-month high of $10.38.

Barings BDC (NYSE:BBDC) last announced its 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). Barings BDC had a return on equity of 11.24% and a net margin of 39.59%. The business had revenue of $70.85 million during the quarter, compared to analysts’ expectations of $70.48 million. During the same quarter in the previous year, the firm earned $0.31 EPS. On average, sell-side analysts anticipate that Barings BDC, Inc. will post 1.24 earnings per share for the current fiscal year.

Barings BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, December 4th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, December 4th. This represents a $1.04 annualized dividend and a dividend yield of 10.71%. Barings BDC’s payout ratio is currently 96.30%.

Institutional Trading of Barings BDC

A number of large investors have recently bought and sold shares of the company. Cetera Advisors LLC increased its stake in shares of Barings BDC by 199.8% in the first quarter. Cetera Advisors LLC now owns 31,103 shares of the company’s stock worth $289,000 after purchasing an additional 20,728 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Barings BDC in the second quarter worth $731,000. Brookstone Capital Management raised its holdings in shares of Barings BDC by 31.3% in the 2nd quarter. Brookstone Capital Management now owns 13,503 shares of the company’s stock valued at $138,000 after acquiring an additional 3,218 shares in the last quarter. SeaCrest Wealth Management LLC raised its stake in Barings BDC by 6.7% in the second quarter. SeaCrest Wealth Management LLC now owns 19,169 shares of the company’s stock valued at $187,000 after purchasing an additional 1,200 shares in the last quarter. Finally, &PARTNERS raised its position in shares of Barings BDC by 6.3% during the 2nd quarter. &PARTNERS now owns 36,950 shares of the company’s stock valued at $360,000 after buying an additional 2,200 shares in the last quarter. 44.09% of the stock is owned by hedge funds and other institutional investors.

Barings BDC Company Profile

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.