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

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.

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

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.