Barings BDC, Inc. (NYSE:BBDC) Director Stephen R. Byers Purchases 1,063 Shares

Barings BDC, Inc. (NYSE:BBDC) Director Stephen R. Byers acquired 1,063 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average price of $9.89 per share, with a total value of $10,513.07. Following the completion of the acquisition, the director now directly owns 41,516 shares of the company’s stock, valued at $410,593.24. This represents a 2.63 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Barings BDC Stock Down 0.8 %

Shares of Barings BDC stock opened at $9.71 on Monday. 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 stock has a market cap of $1.02 billion, a price-to-earnings ratio of 8.99 and a beta of 0.68. The firm’s 50-day moving average is $9.86 and its two-hundred day moving average is $9.87. Barings BDC, Inc. has a 1 year low of $8.55 and a 1 year high of $10.38.

Barings BDC (NYSE:BBDC) last released its quarterly earnings data 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). The business had revenue of $70.85 million for the quarter, compared to the consensus estimate of $70.48 million. Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. During the same quarter in the prior year, the business posted $0.31 earnings per share. As a group, research analysts expect that Barings BDC, Inc. will post 1.24 earnings per share for the current fiscal 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 $0.26 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.71%. Barings BDC’s dividend payout ratio is presently 96.30%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Franklin Resources Inc. boosted its position in Barings BDC by 38.9% during the third 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 in the last quarter. Nomura Asset Management Co. Ltd. bought a new position in Barings BDC in the third quarter worth about $26,000. MML Investors Services LLC purchased a new stake in shares of Barings BDC during the third quarter valued at about $99,000. Jane Street Group LLC bought a new stake in shares of Barings BDC in the 3rd quarter valued at about $307,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of Barings BDC in the 3rd quarter worth approximately $10,549,000. 44.09% of the stock is owned by institutional investors.

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.