Michael James O’connor Sells 29,424 Shares of Barings BDC, Inc. (NYSE:BBDC) Stock

Barings BDC, Inc. (NYSE:BBDC) insider Michael James O’connor sold 29,424 shares of Barings BDC stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.70, for a total transaction of $285,412.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Barings BDC Stock Down 0.8 %

BBDC 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 firm has a 50-day moving average of $9.86 and a two-hundred day moving average of $9.87. Barings BDC, Inc. has a 12 month low of $8.55 and a 12 month high of $10.38. The company has a market cap 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 quarterly earnings results on Wednesday, November 6th. The company reported $0.29 EPS for the quarter, missing the consensus estimate 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 period in the prior year, the business posted $0.31 EPS. As a group, analysts forecast 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 issued 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 dividend yield of 10.71%. Barings BDC’s dividend payout ratio is presently 96.30%.

Institutional Investors Weigh In On Barings BDC

A number of hedge funds have recently modified their holdings of the company. Muzinich & Co. Inc. raised its stake in Barings BDC by 38.9% during the third quarter. Muzinich & Co. Inc. now owns 252,518 shares of the company’s stock worth $2,475,000 after purchasing an additional 70,722 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Barings BDC by 148.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 740,559 shares of the company’s stock worth $7,257,000 after buying an additional 442,621 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Barings BDC by 17.7% during the 2nd quarter. Van ECK Associates Corp now owns 2,138,487 shares of the company’s stock valued at $20,808,000 after buying an additional 321,638 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in Barings BDC in the second quarter valued at approximately $731,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in Barings BDC in the third quarter worth approximately $10,549,000. 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.