Barings BDC, Inc. (NYSE:BBDC) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC increased its stake in shares of Barings BDC, Inc. (NYSE:BBDC - Free Report) by 200.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,164 shares of the company's stock after acquiring an additional 62,866 shares during the period. Jane Street Group LLC owned about 0.09% of Barings BDC worth $901,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BBDC. JPMorgan Chase & Co. boosted its stake in shares of Barings BDC by 393.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company's stock worth $25,000 after acquiring an additional 2,059 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in Barings BDC in the 4th quarter worth about $25,000. Nomura Asset Management Co. Ltd. boosted its position in Barings BDC by 276.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 10,144 shares of the company's stock worth $97,000 after purchasing an additional 7,448 shares in the last quarter. Entropy Technologies LP acquired a new stake in Barings BDC in the fourth quarter valued at approximately $98,000. Finally, Mariner LLC purchased a new stake in shares of Barings BDC in the fourth quarter valued at approximately $105,000. Institutional investors and hedge funds own 44.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BBDC shares. Keefe, Bruyette & Woods reduced their target price on Barings BDC from $10.50 to $9.50 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Bank of America reduced their price objective on shares of Barings BDC from $11.00 to $10.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Finally, Wells Fargo & Company dropped their target price on shares of Barings BDC from $9.00 to $8.50 and set an "equal weight" rating on the stock in a research report on Monday, May 12th.

Insider Transactions at Barings BDC

In other Barings BDC news, CEO Eric J. Lloyd purchased 34,375 shares of the business's stock in a transaction on Monday, May 19th. The shares were bought at an average cost of $9.12 per share, for a total transaction of $313,500.00. Following the completion of the purchase, the chief executive officer now directly owns 73,569 shares in the company, valued at approximately $670,949.28. This represents a 87.70% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Matthew Freund acquired 3,522 shares of the company's stock in a transaction dated Monday, May 19th. The stock was acquired at an average price of $9.07 per share, for a total transaction of $31,944.54. Following the acquisition, the president now owns 20,002 shares in the company, valued at approximately $181,418.14. The trade was a 21.37% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.52% of the company's stock.

Barings BDC Price Performance

BBDC stock traded up $0.20 during midday trading on Tuesday, reaching $9.25. The stock had a trading volume of 400,221 shares, compared to its average volume of 456,465. Barings BDC, Inc. has a 52-week low of $7.66 and a 52-week high of $10.85. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.37. The company's fifty day simple moving average is $8.87 and its 200 day simple moving average is $9.52. The company has a market cap of $974.51 million, a price-to-earnings ratio of 8.89 and a beta of 0.73.

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 the consensus estimate of $0.28 by ($0.03). The business had revenue of $64.44 million during the quarter, compared to analysts' expectations of $67.78 million. Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. The business's quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share. As a group, sell-side analysts predict that Barings BDC, Inc. will post 1.13 earnings per share for the current fiscal year.

Barings BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, June 4th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.25%. Barings BDC's dividend payout ratio (DPR) is 110.64%.

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.