Barings BDC, Inc. (NYSE:BBDC) Insider Michael James O’connor Sells 29,424 Shares

Barings BDC, Inc. (NYSE:BBDC) insider Michael James O’connor sold 29,424 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.70, for a total transaction of $285,412.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Barings BDC Stock Performance

Barings BDC stock traded down $0.09 on Friday, hitting $9.70. The company’s stock had a trading volume of 216,813 shares, compared to its average volume of 431,202. The firm has a market cap of $1.02 billion, a P/E ratio of 9.06 and a beta of 0.68. 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 fifty day moving average price of $9.86 and a 200-day moving average price of $9.87. Barings BDC, Inc. has a one year low of $8.55 and a one year high of $10.38.

Barings BDC (NYSE:BBDC) 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). Barings BDC had a return on equity of 11.24% and a net margin of 39.59%. The firm had revenue of $70.85 million during the quarter, compared to the consensus estimate of $70.48 million. During the same period in the previous year, the company posted $0.31 EPS. On average, equities analysts anticipate that Barings BDC, Inc. will post 1.24 earnings per share for the current year.

Barings BDC Announces Dividend

The business also recently disclosed 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. This represents a $1.04 dividend on an annualized basis and a yield of 10.72%. The ex-dividend date of this dividend was Wednesday, December 4th. Barings BDC’s dividend payout ratio is currently 96.30%.

Institutional Investors Weigh In On Barings BDC

Hedge funds have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. acquired a new stake in shares of Barings BDC in the 3rd quarter valued at approximately $26,000. nVerses Capital LLC raised its position in shares of Barings BDC by 50.0% in the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock valued at $32,000 after acquiring an additional 1,100 shares during the period. Asset Dedication LLC acquired a new stake in shares of Barings BDC in the 2nd quarter valued at approximately $36,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Barings BDC in the 2nd quarter valued at approximately $86,000. Finally, MML Investors Services LLC acquired a new stake in shares of Barings BDC in the 3rd quarter valued at approximately $99,000. Institutional investors own 44.09% of the company’s stock.

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.