Barings Bdc (NYSE:BBDC) CEO Purchases $82,700.00 in Stock

Barings Bdc, Inc. (NYSE:BBDC) CEO Thomas Mcdonnell acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was purchased 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 directly owned 26,000 shares of the company’s stock, valued at approximately $215,020. This represents a 62.50% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Barings Bdc Trading Up 0.1%

Shares of NYSE BBDC opened at $8.35 on Monday. Barings Bdc, Inc. has a twelve month low of $7.96 and a twelve month high of $9.92. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.25. The stock has a fifty day simple moving average of $8.62 and a 200-day simple moving average of $8.78. The stock has a market capitalization of $873.80 million, a PE ratio of 9.82 and a beta of 0.58.

Barings Bdc (NYSE:BBDC) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, meeting 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 previous year, the firm posted $0.25 earnings per share. On average, equities analysts forecast that Barings Bdc, Inc. will post 1 earnings per share for the current year.

Barings Bdc Dividend Announcement

The business 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 annualized dividend and a yield of 12.5%. The ex-dividend date of this dividend is Wednesday, June 3rd. Barings Bdc’s payout ratio is presently 122.35%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BBDC. Lucid Cap Mkts raised Barings Bdc to a “hold” rating in a report on Tuesday, April 28th. Weiss Ratings raised Barings Bdc from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.50.

Institutional Trading of Barings Bdc

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Management Group Inc. raised its stake in Barings Bdc by 14.6% during the 4th quarter. Private Management Group Inc. now owns 3,765,629 shares of the company’s stock valued at $34,568,000 after acquiring an additional 481,172 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Barings Bdc by 5.8% during the 3rd quarter. Van ECK Associates Corp now owns 2,479,942 shares of the company’s stock worth $21,725,000 after buying an additional 136,541 shares in the last quarter. Cresset Asset Management LLC raised its stake in shares of Barings Bdc by 36.3% during the 3rd quarter. Cresset Asset Management LLC now owns 2,141,977 shares of the company’s stock worth $18,764,000 after buying an additional 570,637 shares in the last quarter. UBS Group AG raised its stake in shares of Barings Bdc by 23.6% during the 4th quarter. UBS Group AG now owns 1,493,751 shares of the company’s stock worth $13,713,000 after buying an additional 285,272 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Barings Bdc by 3.6% during the 3rd quarter. Invesco Ltd. now owns 1,160,864 shares of the company’s stock worth $10,169,000 after buying an additional 40,771 shares in the last quarter. 44.09% of the stock is owned by hedge funds and other institutional investors.

About Barings Bdc

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).