Barings BDC, Inc. (NYSE:BBDC) Director Buys $77,343.00 in Stock

Barings BDC, Inc. (NYSE:BBDC - Get Free Report) Director Stephen R. Byers acquired 8,700 shares of the stock in a transaction dated Friday, June 6th. The stock was acquired at an average cost of $8.89 per share, with a total value of $77,343.00. Following the completion of the transaction, the director now owns 59,734 shares in the company, valued at approximately $531,035.26. This represents a 17.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Barings BDC Stock Up 0.7%

Shares of BBDC stock traded up $0.06 on Friday, reaching $8.89. 381,491 shares of the company were exchanged, compared to its average volume of 458,116. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.14 and a quick ratio of 0.14. The company has a 50-day moving average of $8.80 and a 200-day moving average of $9.48. The company has a market cap of $937.09 million, a price-to-earnings ratio of 8.55 and a beta of 0.73. Barings BDC, Inc. has a one year low of $7.66 and a one year high of $10.85.

Barings BDC (NYSE:BBDC - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.03). Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. The firm had revenue of $64.44 million for the quarter, compared to analyst estimates of $67.78 million. During the same period last year, the company posted $0.28 earnings per share. The firm's quarterly revenue was down 7.7% compared to the same quarter last year. Analysts anticipate that Barings BDC, Inc. will post 1.13 earnings per share for the current year.

Barings BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, June 4th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.70%. Barings BDC's dividend payout ratio is currently 110.64%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Bank of America decreased their target price on Barings BDC from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Monday, May 19th. Wells Fargo & Company upgraded Barings BDC from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $8.50 to $9.50 in a report on Wednesday, May 28th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Barings BDC from $10.50 to $9.50 and set a "market perform" rating for the company in a research report on Tuesday, April 8th.

Institutional Trading of Barings BDC

Hedge funds have recently bought and sold shares of the business. Chicago Partners Investment Group LLC raised its holdings in Barings BDC by 56.0% during the fourth quarter. Chicago Partners Investment Group LLC now owns 23,101 shares of the company's stock worth $216,000 after buying an additional 8,293 shares during the last quarter. Private Management Group Inc. grew its holdings in shares of Barings BDC by 2.8% during the fourth quarter. Private Management Group Inc. now owns 3,084,236 shares of the company's stock valued at $29,516,000 after buying an additional 83,408 shares during the last quarter. Financial Advocates Investment Management raised its holdings in shares of Barings BDC by 38.8% in the 4th quarter. Financial Advocates Investment Management now owns 18,854 shares of the company's stock worth $180,000 after acquiring an additional 5,274 shares during the last quarter. Consolidated Portfolio Review Corp bought a new position in Barings BDC in the 4th quarter valued at about $203,000. Finally, Entropy Technologies LP bought a new position in Barings BDC in the 4th quarter valued at about $98,000. Institutional investors and hedge funds 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.

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