Barings Bdc (NYSE:BBDC) CEO Thomas Mcdonnell Acquires 10,000 Shares

Barings Bdc, Inc. (NYSE:BBDC) CEO Thomas Mcdonnell bought 10,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were acquired at an average cost of $8.27 per share, with a total value of $82,700.00. Following the completion of the purchase, the chief executive officer owned 26,000 shares in the company, valued at $215,020. This represents a 62.50% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Barings Bdc Stock Down 1.1%

NYSE BBDC traded down $0.10 during trading hours on Friday, reaching $8.33. 610,175 shares of the company’s stock were exchanged, compared to its average volume of 739,082. The company’s 50-day moving average is $8.62 and its two-hundred day moving average is $8.78. Barings Bdc, Inc. has a one year low of $7.96 and a one year high of $9.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market capitalization of $871.69 million, a price-to-earnings ratio of 9.81 and a beta of 0.58.

Barings Bdc (NYSE:BBDC) last posted its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. Barings Bdc had a return on equity of 10.08% and a net margin of 32.45%.The business had revenue of $54.66 million during the quarter, compared to analysts’ expectations of $62.54 million. During the same period in the prior year, the business earned $0.25 EPS. On average, analysts forecast that Barings Bdc, Inc. will post 1 EPS for the current fiscal year.

Barings Bdc Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, June 3rd will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 12.5%. The ex-dividend date of this dividend is Wednesday, June 3rd. Barings Bdc’s dividend payout ratio is presently 122.35%.

Hedge Funds Weigh In On Barings Bdc

Large investors have recently bought and sold shares of the company. MBM Wealth Consultants LLC acquired a new position in Barings Bdc during the 1st quarter worth approximately $30,000. Farther Finance Advisors LLC boosted its position in Barings Bdc by 65.6% during the 4th quarter. Farther Finance Advisors LLC now owns 3,992 shares of the company’s stock worth $37,000 after acquiring an additional 1,582 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in Barings Bdc during the 3rd quarter worth approximately $44,000. Flagship Harbor Advisors LLC acquired a new position in Barings Bdc during the 4th quarter worth approximately $46,000. Finally, Aquatic Capital Management LLC acquired a new position in Barings Bdc during the 3rd quarter worth approximately $64,000. Institutional investors and hedge funds own 44.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Lucid Cap Mkts raised Barings Bdc to a “hold” rating in a research note on Tuesday, April 28th. Weiss Ratings raised Barings Bdc from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.50.

Barings Bdc Company Profile

Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.

The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).