Barings BDC, Inc. (NYSE:BBDC) Director Stephen R. Byers Acquires 8,700 Shares

Barings BDC, Inc. (NYSE:BBDC - Get Free Report) Director Stephen R. Byers bought 8,700 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were purchased at an average price of $8.89 per share, for a total transaction of $77,343.00. Following the completion of the purchase, the director now directly owns 59,734 shares of the company's stock, valued at approximately $531,035.26. This trade represents a 17.05% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Barings BDC Price Performance

Barings BDC stock traded up $0.21 during midday trading on Monday, reaching $9.10. The company's stock had a trading volume of 654,246 shares, compared to its average volume of 457,844. Barings BDC, Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $10.85. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.14 and a current ratio of 0.14. The stock's 50 day simple moving average is $8.78 and its 200 day simple moving average is $9.46. The firm has a market capitalization of $958.69 million, a PE ratio of 8.75 and a beta of 0.71.

Barings BDC (NYSE:BBDC - Get Free Report) last announced 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). The firm had revenue of $64.44 million during the quarter, compared to analysts' expectations of $67.78 million. Barings BDC had a net margin of 38.54% and a return on equity of 10.94%. The company's quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. On average, equities research analysts forecast that Barings BDC, Inc. will post 1.13 earnings per share for the current year.

Barings BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, June 4th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 11.43%. Barings BDC's dividend payout ratio is presently 110.64%.

Analyst Ratings Changes

BBDC has been the topic of a number of recent research reports. Wells Fargo & Company upgraded shares of Barings BDC from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $8.50 to $9.50 in a research note on Wednesday, May 28th. Keefe, Bruyette & Woods dropped their price target on shares of Barings BDC from $10.50 to $9.50 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America dropped their price target on shares of Barings BDC from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Monday, May 19th.

Institutional Trading of Barings BDC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers grew its holdings in Barings BDC by 1.3% in the 4th quarter. Cetera Investment Advisers now owns 74,839 shares of the company's stock valued at $716,000 after buying an additional 993 shares during the period. Wedbush Securities Inc. grew its holdings in Barings BDC by 5.1% in the 4th quarter. Wedbush Securities Inc. now owns 31,471 shares of the company's stock valued at $301,000 after buying an additional 1,530 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in Barings BDC by 4.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 39,478 shares of the company's stock valued at $378,000 after buying an additional 1,565 shares during the period. Armor Investment Advisors LLC grew its holdings in Barings BDC by 11.6% in the 1st quarter. Armor Investment Advisors LLC now owns 16,300 shares of the company's stock valued at $156,000 after buying an additional 1,700 shares during the period. Finally, HighPoint Advisor Group LLC grew its holdings in Barings BDC by 3.1% in the 4th quarter. HighPoint Advisor Group LLC now owns 59,143 shares of the company's stock valued at $599,000 after buying an additional 1,754 shares during the period. Hedge funds and other institutional investors 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.