Barings BDC, Inc. (NYSE:BBDC - Get Free Report) Director Stephen R. Byers acquired 1,063 shares of the stock in a transaction on Wednesday, December 11th. The shares were bought at an average cost of $9.89 per share, for a total transaction of $10,513.07. Following the purchase, the director now directly owns 41,516 shares of the company's stock, valued at $410,593.24. The trade was a 2.63 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
Barings BDC Trading Down 0.9 %
Shares of BBDC stock opened at $9.71 on Friday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. Barings BDC, Inc. has a twelve month low of $8.55 and a twelve month high of $10.38. The company's 50-day moving average price is $9.86 and its 200-day moving average price is $9.87. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 8.99 and a beta of 0.68.
Barings BDC (NYSE:BBDC - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The firm had revenue of $70.85 million during the quarter, compared to analyst estimates of $70.48 million. Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. During the same quarter in the previous year, the firm earned $0.31 earnings per share. As a group, equities analysts predict that Barings BDC, Inc. will post 1.24 earnings per share for the current year.
Barings BDC Dividend Announcement
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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, December 4th were given a $0.26 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $1.04 annualized dividend and a yield of 10.72%. Barings BDC's payout ratio is 96.30%.
Institutional Investors Weigh In On Barings BDC
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBDC. Nomura Asset Management Co. Ltd. purchased a new position in shares of Barings BDC during the 3rd quarter worth $26,000. nVerses Capital LLC lifted its position in Barings BDC by 50.0% in the third quarter. nVerses Capital LLC now owns 3,300 shares of the company's stock valued at $32,000 after buying an additional 1,100 shares during the last quarter. Asset Dedication LLC purchased a new position in Barings BDC during the second quarter worth about $36,000. Ashton Thomas Private Wealth LLC purchased a new position in Barings BDC during the second quarter worth about $86,000. Finally, Advisory Alpha LLC acquired a new stake in shares of Barings BDC during the second quarter valued at about $99,000. Institutional investors and hedge funds own 44.09% of the company's stock.
Barings BDC Company Profile
(
Get 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.
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