Barings BDC, Inc. (NYSE:BBDC) Insider Sells $285,412.80 in Stock

Barings BDC, Inc. (NYSE:BBDC) insider Michael James O’connor sold 29,424 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $9.70, for a total value of $285,412.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Barings BDC Stock Performance

Barings BDC stock opened at $9.71 on Monday. The company has a market cap of $1.02 billion, a PE 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. Barings BDC, Inc. has a 1 year low of $8.55 and a 1 year high of $10.38. The company’s 50-day moving average is $9.86 and its two-hundred day moving average is $9.87.

Barings BDC (NYSE:BBDC) last announced 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 during 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 period in the previous year, the business posted $0.31 earnings per share. Equities analysts anticipate that Barings BDC, Inc. will post 1.24 earnings per share for the current year.

Barings BDC Announces Dividend

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

Hedge Funds Weigh In On Barings BDC

Several institutional investors have recently modified their holdings of the stock. Muzinich & Co. Inc. boosted its stake in Barings BDC by 38.9% during the 3rd quarter. Muzinich & Co. Inc. now owns 252,518 shares of the company’s stock worth $2,475,000 after acquiring an additional 70,722 shares during the last quarter. Harbor Capital Advisors Inc. raised 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 worth $7,257,000 after purchasing an additional 442,621 shares during the period. Van ECK Associates Corp boosted its position in shares of Barings BDC by 17.7% during the second quarter. Van ECK Associates Corp now owns 2,138,487 shares of the company’s stock worth $20,808,000 after purchasing an additional 321,638 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Barings BDC in the 2nd quarter valued at $731,000. Finally, Kovitz Investment Group Partners LLC acquired a new stake in Barings BDC during the 3rd quarter worth $10,549,000. 44.09% of the stock is currently 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.