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

Barings BDC logo with Finance background

Jane Street Group LLC boosted its position in Barings BDC, Inc. (NYSE:BBDC - Free Report) by 200.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,164 shares of the company's stock after buying an additional 62,866 shares during the period. Jane Street Group LLC owned approximately 0.09% of Barings BDC worth $901,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of BBDC. JPMorgan Chase & Co. raised 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 buying an additional 2,059 shares during the period. Lee Danner & Bass Inc. acquired a new position in shares of Barings BDC during the 4th quarter worth approximately $25,000. Nomura Asset Management Co. Ltd. raised its stake in shares of Barings BDC by 276.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 10,144 shares of the company's stock worth $97,000 after buying an additional 7,448 shares during the period. Entropy Technologies LP acquired a new position in shares of Barings BDC during the 4th quarter worth approximately $98,000. Finally, Mariner LLC acquired a new position in shares of Barings BDC during the 4th quarter worth approximately $105,000. Hedge funds and other institutional investors own 44.09% of the company's stock.

Analyst Ratings Changes

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

View Our Latest Research Report on BBDC

Insider Buying and Selling at Barings BDC

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

Barings BDC Stock Up 1.4%

Shares of NYSE BBDC traded up $0.13 during midday trading on Wednesday, hitting $9.37. 306,469 shares of the company's stock were exchanged, compared to its average volume of 455,886. The firm's fifty day simple moving average is $8.86 and its 200-day simple moving average is $9.51. The company has a market cap of $987.16 million, a PE ratio of 9.00 and a beta of 0.73. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.14 and a quick ratio of 0.14. Barings BDC, Inc. has a twelve month low of $7.66 and a twelve month high of $10.85.

Barings BDC (NYSE:BBDC - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.03). The firm had revenue of $64.44 million for 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 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. Research analysts predict that Barings BDC, Inc. will post 1.13 EPS for the current fiscal year.

Barings BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, June 4th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 11.11%. Barings BDC's dividend payout ratio (DPR) is currently 110.64%.

Barings BDC Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Barings BDC (NYSE:BBDC)

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