Virtu Financial LLC Invests $428,000 in BARINGS BDC, INC. $BBDC

Key Points

• Virtu Financial LLC has acquired 44,830 shares of BARINGS BDC, INC., valued at approximately $428,000, reflecting growing interest among institutional investors as 44.09% of the stock is now held by such entities.
• CEO Eric J. Lloyd significantly increased his stake by purchasing 34,375 shares, resulting in an 87.70% rise in his total holdings, while the CFO also added to their position.
• BARINGS BDC announced a quarterly dividend of $0.26 per share, indicating a strong annualized yield of 10.9%, despite having a payout ratio of 108.33%.

Virtu Financial LLC purchased a new position in shares of BARINGS BDC, INC. (NYSE:BBDC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 44,830 shares of the company's stock, valued at approximately $428,000.

Several other large investors have also recently made changes to their positions in BBDC. Golden State Wealth Management LLC purchased a new position in shares of BARINGS BDC during the first quarter worth approximately $37,000. Ameriflex Group Inc. purchased a new position in shares of BARINGS BDC during the fourth quarter worth approximately $80,000. Mariner LLC purchased a new position in shares of BARINGS BDC during the fourth quarter worth approximately $105,000. OneDigital Investment Advisors LLC purchased a new position in shares of BARINGS BDC during the fourth quarter worth approximately $108,000. Finally, Global Assets Advisory LLC purchased a new position in shares of BARINGS BDC during the fourth quarter worth approximately $111,000. 44.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on BBDC. Bank of America decreased 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. Wells Fargo & Company raised shares of BARINGS BDC from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $8.50 to $9.50 in a research note on Wednesday, May 28th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $9.67.

BARINGS BDC Trading Down 0.2%

NYSE BBDC traded down $0.0150 during trading on Tuesday, hitting $9.6650. The company had a trading volume of 71,919 shares, compared to its average volume of 475,641. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.47. BARINGS BDC, INC. has a one year low of $7.66 and a one year high of $10.85. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 10.07 and a beta of 0.73. The company's fifty day moving average is $9.33 and its 200-day moving average is $9.31.

BARINGS BDC (NYSE:BBDC - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.26 by $0.02. BARINGS BDC had a net margin of 35.67% and a return on equity of 9.76%. The business had revenue of $74.40 million during the quarter, compared to analyst estimates of $66.41 million. During the same period in the prior year, the business earned $0.40 EPS. On average, sell-side analysts predict that BARINGS BDC, INC. will post 1.13 earnings per share for the current year.

BARINGS BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, September 3rd will be issued a $0.26 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $1.04 annualized dividend and a yield of 10.8%. BARINGS BDC's dividend payout ratio is 108.33%.

Insider Buying and Selling at BARINGS BDC

In other BARINGS BDC news, Director Stephen R. Byers bought 8,700 shares of BARINGS BDC stock in a transaction dated Friday, June 6th. The shares were purchased at an average cost of $8.89 per share, with a total value of $77,343.00. Following the transaction, the director directly owned 59,734 shares of the company's stock, valued at $531,035.26. This represents a 17.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Elizabeth A. Murray bought 3,400 shares of BARINGS BDC stock in a transaction dated Friday, June 6th. The stock was acquired at an average cost of $8.84 per share, for a total transaction of $30,056.00. Following the completion of the transaction, the chief financial officer directly owned 25,387 shares in the company, valued at approximately $224,421.08. This trade represents a 15.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.52% of the stock is currently owned by corporate insiders.

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.