Thomas Mcdonnell Purchases 10,000 Shares of Barings Bdc (NYSE:BBDC) Stock

Barings Bdc, Inc. (NYSE:BBDC) CEO Thomas Mcdonnell purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average price of $8.27 per share, with a total value of $82,700.00. Following the completion of the acquisition, the chief executive officer directly owned 26,000 shares of the company’s stock, valued at approximately $215,020. This trade represents a 62.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Barings Bdc Stock Down 0.9%

BBDC stock opened at $8.35 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.12 and a quick ratio of 0.12. The company has a 50-day moving average of $8.62 and a two-hundred day moving average of $8.78. Barings Bdc, Inc. has a 52-week low of $7.96 and a 52-week high of $9.92. The stock has a market capitalization of $873.80 million, a price-to-earnings ratio of 9.82 and a beta of 0.58.

Barings Bdc (NYSE:BBDC) last released its earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. Barings Bdc had a net margin of 32.45% and a return on equity of 10.08%. The business had revenue of $54.66 million during the quarter, compared to analysts’ expectations of $62.54 million. During the same quarter last year, the company earned $0.25 earnings per share. As a group, equities research analysts anticipate that Barings Bdc, Inc. will post 1 EPS 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 $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 12.5%. The ex-dividend date is Wednesday, June 3rd. Barings Bdc’s dividend payout ratio (DPR) is presently 122.35%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BBDC. Focus Partners Wealth acquired a new position in Barings Bdc in the fourth quarter worth about $9,207,000. Cresset Asset Management LLC raised its position in Barings Bdc by 36.3% in the third quarter. Cresset Asset Management LLC now owns 2,141,977 shares of the company’s stock worth $18,764,000 after purchasing an additional 570,637 shares in the last quarter. Private Management Group Inc. raised its position in Barings Bdc by 14.6% in the fourth quarter. Private Management Group Inc. now owns 3,765,629 shares of the company’s stock worth $34,568,000 after purchasing an additional 481,172 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Barings Bdc in the fourth quarter worth about $2,767,000. Finally, GraniteShares Advisors LLC acquired a new position in Barings Bdc in the fourth quarter worth about $2,742,000. Institutional investors and hedge funds own 44.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BBDC shares. Lucid Cap Mkts upgraded shares of Barings Bdc to a “hold” rating in a research note on Tuesday, April 28th. Weiss Ratings upgraded shares of Barings Bdc from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Barings Bdc currently has a consensus rating of “Hold” and a consensus target price of $9.50.

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).