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

Barings BDC, Inc. (NYSE:BBDC) Director Stephen R. Byers purchased 8,485 shares of Barings BDC stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of $9.73 per share, with a total value of $82,559.05. Following the acquisition, the director now directly owns 50,001 shares of the company’s stock, valued at $486,509.73. This trade represents a 20.44 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Barings BDC Stock Down 0.8 %

BBDC opened at $9.71 on Friday. Barings BDC, Inc. has a 1-year low of $8.55 and a 1-year high of $10.38. The stock has a market cap of $1.02 billion, a PE ratio of 8.99 and a beta of 0.68. The stock’s fifty day simple moving average is $9.86 and its 200 day simple moving average is $9.87. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29.

Barings BDC (NYSE:BBDC) last posted its 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). Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. The firm had revenue of $70.85 million during the quarter, compared to analyst estimates of $70.48 million. During the same period in the previous year, the company posted $0.31 EPS. As a group, research analysts expect that Barings BDC, Inc. will post 1.24 earnings per share for the current year.

Barings BDC Announces Dividend

The firm also recently announced 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%.

Hedge Funds Weigh In On Barings BDC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cetera Advisors LLC lifted its position in shares of Barings BDC by 199.8% during the 1st quarter. Cetera Advisors LLC now owns 31,103 shares of the company’s stock worth $289,000 after buying an additional 20,728 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Barings BDC in the 2nd quarter worth approximately $731,000. Brookstone Capital Management lifted its holdings in Barings BDC by 31.3% in the second quarter. Brookstone Capital Management now owns 13,503 shares of the company’s stock valued at $138,000 after buying an additional 3,218 shares during the period. SeaCrest Wealth Management LLC lifted its stake in shares of Barings BDC by 6.7% in the 2nd 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 during the period. Finally, &PARTNERS lifted its stake in Barings BDC by 6.3% in the second quarter. &PARTNERS now owns 36,950 shares of the company’s stock valued at $360,000 after buying an additional 2,200 shares during the period. 44.09% of the stock is owned by institutional investors and hedge funds.

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.