Barings BDC (NYSE:BBDC) Reaches New 1-Year High – Here’s What Happened

Barings BDC, Inc. (NYSE:BBDC) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $10.38 and last traded at $10.35, with a volume of 209371 shares traded. The stock had previously closed at $10.23.

Barings BDC Trading Up 1.1 %

The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 9.58 and a beta of 0.69. The business’s 50 day simple moving average is $9.75 and its 200 day simple moving average is $9.82. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29.

Insider Activity at Barings BDC

In related news, insider Michael James O’connor sold 29,424 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $9.70, for a total value of $285,412.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stephen R. Byers acquired 8,485 shares of Barings BDC stock in a transaction on Friday, December 13th. The shares were bought at an average cost of $9.73 per share, with a total value of $82,559.05. Following the completion of the transaction, the director now owns 50,001 shares of the company’s stock, valued at approximately $486,509.73. This trade represents a 20.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 14,048 shares of company stock worth $136,772. Insiders own 0.45% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in Barings BDC by 393.7% during the third quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock worth $25,000 after acquiring an additional 2,059 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in Barings BDC during the 4th quarter worth approximately $25,000. Nomura Asset Management Co. Ltd. acquired a new stake in Barings BDC during the 3rd quarter worth approximately $26,000. nVerses Capital LLC boosted its stake in 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 purchasing an additional 1,100 shares during the period. Finally, MML Investors Services LLC acquired a new stake in shares of Barings BDC during the third quarter worth $99,000. Institutional investors and hedge funds 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.