Stephen R. Byers Buys 1,063 Shares of Barings BDC, Inc. (NYSE:BBDC) Stock

Barings BDC, Inc. (NYSE:BBDC) Director Stephen R. Byers acquired 1,063 shares of Barings BDC stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average price of $9.89 per share, for a total transaction of $10,513.07. Following the transaction, the director now directly owns 41,516 shares in the company, valued at $410,593.24. The trade was a 2.63 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Barings BDC Stock Performance

Shares of BBDC stock opened at $9.71 on Friday. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 8.99 and a beta of 0.68. 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 business’s 50-day moving average price is $9.86 and its 200-day moving average price is $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 issued 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). Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. The business had revenue of $70.85 million during the quarter, compared to the consensus estimate of $70.48 million. During the same quarter last year, the business earned $0.31 EPS. Equities research analysts forecast that Barings BDC, Inc. will post 1.24 EPS for the current year.

Barings BDC Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 10.71%. Barings BDC’s dividend payout ratio (DPR) is presently 96.30%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Muzinich & Co. Inc. increased its stake in shares of Barings BDC by 38.9% in the third quarter. Muzinich & Co. Inc. now owns 252,518 shares of the company’s stock valued at $2,475,000 after buying an additional 70,722 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Barings BDC by 148.6% in the third quarter. Harbor Capital Advisors Inc. now owns 740,559 shares of the company’s stock valued at $7,257,000 after acquiring an additional 442,621 shares during the last quarter. Van ECK Associates Corp increased its position in 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 purchasing an additional 321,638 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in Barings BDC during the 2nd quarter worth approximately $731,000. Finally, Kovitz Investment Group Partners LLC acquired 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.

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.