Stephen R. Byers Buys 8,700 Shares of Barings BDC, Inc. (NYSE:BBDC) Stock

Barings BDC, Inc. (NYSE:BBDC) Director Stephen R. Byers bought 8,700 shares of the stock in a transaction on Friday, June 6th. The shares were acquired at an average cost of $8.89 per share, for a total transaction of $77,343.00. Following the acquisition, the director now directly owns 59,734 shares in the company, valued at approximately $531,035.26. This trade represents a 17.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Barings BDC Stock Up 0.7%

BBDC opened at $8.89 on Friday. The company has a fifty day moving average price of $8.79 and a 200-day moving average price of $9.47. The firm has a market capitalization of $937.09 million, a P/E ratio of 8.55 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 one year low of $7.66 and a one year high of $10.85.

Barings BDC (NYSE:BBDC) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). Barings BDC had a net margin of 38.54% and a return on equity of 10.94%. The firm had revenue of $64.44 million for the quarter, compared to analysts’ expectations of $67.78 million. During the same quarter last year, the firm earned $0.28 earnings per share. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. Equities research analysts expect that Barings BDC, Inc. will post 1.13 earnings per share 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. Investors of record on Wednesday, June 4th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 11.70%. Barings BDC’s dividend payout ratio (DPR) is presently 110.64%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lee Danner & Bass Inc. purchased a new position in Barings BDC in the fourth quarter worth $25,000. Wealth Preservation Advisors LLC purchased a new position in Barings BDC in the first quarter worth $29,000. Golden State Wealth Management LLC purchased a new position in Barings BDC in the first quarter worth $37,000. Ameriflex Group Inc. purchased a new position in Barings BDC in the fourth quarter worth $80,000. Finally, BOS Asset Management LLC purchased a new position in Barings BDC in the first quarter worth $96,000. 44.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BBDC has been the topic of a number of analyst reports. Wells Fargo & Company raised shares of Barings BDC from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $8.50 to $9.50 in a report on Wednesday, May 28th. Bank of America lowered their target price on shares of Barings BDC from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, May 19th. Finally, Keefe, Bruyette & Woods reduced their price target 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.

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.