Barings BDC, Inc. (NYSE:BBDC) CEO Purchases $313,500.00 in Stock

Barings BDC, Inc. (NYSE:BBDC) CEO Eric J. Lloyd purchased 34,375 shares of Barings BDC stock in a transaction on Monday, May 19th. The stock was bought at an average price of $9.12 per share, with a total value of $313,500.00. Following the transaction, the chief executive officer now owns 73,569 shares of the company’s stock, valued at approximately $670,949.28. This represents a 87.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Barings BDC Price Performance

NYSE:BBDC opened at $9.27 on Wednesday. The business’s 50-day simple moving average is $8.90 and its two-hundred day simple moving average is $9.53. Barings BDC, Inc. has a 52 week low of $7.66 and a 52 week high of $10.85. The stock has a market cap of $977.14 million, a PE ratio of 8.91 and a beta of 0.73. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.37.

Barings BDC (NYSE:BBDC) last released its earnings results on Thursday, May 8th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. The business had revenue of $64.44 million for the quarter, compared to analysts’ expectations of $67.78 million. During the same quarter in the prior year, the business posted $0.28 EPS. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, analysts forecast that Barings BDC, Inc. will post 1.13 EPS for the current fiscal year.

Barings BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 11.22%. Barings BDC’s dividend payout ratio (DPR) is currently 110.64%.

Wall Street Analyst Weigh In

BBDC has been the topic of a number of analyst reports. Bank of America lowered their price objective on Barings BDC from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday. Wells Fargo & Company lowered their price target on shares of Barings BDC from $9.00 to $8.50 and set an “equal weight” rating on the stock in a report on Monday, May 12th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Barings BDC from $10.50 to $9.50 and set a “market perform” rating for the company in a research note on Tuesday, April 8th.

Institutional Investors Weigh In On Barings BDC

Several institutional investors and hedge funds have recently modified their holdings of BBDC. JPMorgan Chase & Co. grew its stake in Barings BDC by 393.7% during the third quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock valued at $25,000 after acquiring an additional 2,059 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Barings BDC during the 4th quarter valued at about $25,000. Wealth Preservation Advisors LLC purchased a new position in shares of Barings BDC during the first quarter valued at about $29,000. Golden State Wealth Management LLC bought a new stake in shares of Barings BDC in the first quarter worth about $37,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Barings BDC in the fourth quarter worth about $80,000. Institutional investors own 44.09% of the company’s stock.

About Barings BDC

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.