Insider Buying: Barings BDC, Inc. (NYSE:BBDC) CFO Purchases 3,400 Shares of Stock

Barings BDC, Inc. (NYSE:BBDC - Get Free Report) CFO Elizabeth A. Murray purchased 3,400 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was bought at an average price of $8.84 per share, with a total value of $30,056.00. Following the purchase, the chief financial officer now owns 25,387 shares of the company's stock, valued at approximately $224,421.08. The trade was a 15.46% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Barings BDC Stock Performance

BBDC stock traded up $0.19 during trading on Monday, hitting $9.08. 470,719 shares of the company's stock traded hands, compared to its average volume of 457,139. The stock has a market capitalization of $956.59 million, a price-to-earnings ratio of 8.73 and a beta of 0.71. Barings BDC, Inc. has a 52 week low of $7.66 and a 52 week high of $10.85. The stock has a fifty day moving average price of $8.79 and a two-hundred day moving average price of $9.47. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.37.

Barings BDC (NYSE:BBDC - Get Free Report) last released its quarterly earnings data 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). Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. The business had revenue of $64.44 million for the quarter, compared to analyst estimates of $67.78 million. During the same quarter last year, the company earned $0.28 EPS. Barings BDC's revenue was down 7.7% compared to the same quarter last year. As a group, equities analysts anticipate that Barings BDC, Inc. will post 1.13 EPS for the current fiscal year.

Barings BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, June 4th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 11.46%. Barings BDC's dividend payout ratio (DPR) is 110.64%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Barings BDC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBDC. Cetera Investment Advisers raised its stake in Barings BDC by 1.3% during the 4th quarter. Cetera Investment Advisers now owns 74,839 shares of the company's stock valued at $716,000 after acquiring an additional 993 shares in the last quarter. Wedbush Securities Inc. grew its stake in shares of Barings BDC by 5.1% in the fourth quarter. Wedbush Securities Inc. now owns 31,471 shares of the company's stock worth $301,000 after purchasing an additional 1,530 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Barings BDC by 4.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 39,478 shares of the company's stock valued at $378,000 after purchasing an additional 1,565 shares during the period. Armor Investment Advisors LLC raised its stake in shares of Barings BDC by 11.6% during the first quarter. Armor Investment Advisors LLC now owns 16,300 shares of the company's stock valued at $156,000 after purchasing an additional 1,700 shares in the last quarter. Finally, HighPoint Advisor Group LLC raised its stake in shares of Barings BDC by 3.1% during the fourth quarter. HighPoint Advisor Group LLC now owns 59,143 shares of the company's stock valued at $599,000 after purchasing an additional 1,754 shares in the last quarter. 44.09% of the stock is owned by institutional investors.

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.

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