Barings BDC, Inc. (NYSE:BBDC) Insider Sells $285,412.80 in Stock

Barings BDC, Inc. (NYSE:BBDC) insider Michael James O’connor sold 29,424 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $9.70, for a total value of $285,412.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Barings BDC Price Performance

Shares of BBDC stock traded down $0.09 on Friday, reaching $9.70. The company’s stock had a trading volume of 216,813 shares, compared to its average volume of 431,202. The stock’s 50 day simple moving average is $9.86 and its 200-day simple moving average is $9.87. Barings BDC, Inc. has a 12-month low of $8.55 and a 12-month high of $10.38. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.02 billion, a P/E ratio of 9.06 and a beta of 0.68.

Barings BDC (NYSE:BBDC) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). The firm had revenue of $70.85 million for the quarter, compared to analysts’ expectations 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 business earned $0.31 EPS. As a group, equities analysts predict that Barings BDC, Inc. will post 1.24 earnings per share for the current fiscal year.

Barings BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, December 4th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.72%. Barings BDC’s dividend payout ratio (DPR) is 96.30%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. grew its stake in shares of Barings BDC by 38.9% in the 3rd quarter. Franklin Resources Inc. now owns 322,954 shares of the company’s stock worth $3,136,000 after buying an additional 90,390 shares during the last quarter. Nomura Asset Management Co. Ltd. bought a new position in Barings BDC in the 3rd quarter valued at approximately $26,000. MML Investors Services LLC bought a new position in shares of Barings BDC during the 3rd quarter valued at $99,000. Jane Street Group LLC bought a new position in shares of Barings BDC during the 3rd quarter valued at $307,000. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Barings BDC during the 3rd quarter valued at $10,549,000. Hedge funds and other institutional investors own 44.09% of the company’s stock.

About Barings BDC

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.