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

Barings Bdc, Inc. (NYSE:BBDC) CEO Thomas Mcdonnell purchased 10,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were acquired at an average cost of $8.27 per share, with a total value of $82,700.00. Following the acquisition, the chief executive officer directly owned 26,000 shares in the company, valued at approximately $215,020. The trade was a 62.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Barings Bdc Stock Performance

Barings Bdc stock traded down $0.10 during mid-day trading on Friday, hitting $8.33. 610,175 shares of the company’s stock traded hands, compared to its average volume of 739,082. The firm has a 50 day simple moving average of $8.62 and a two-hundred day simple moving average of $8.78. Barings Bdc, Inc. has a fifty-two week low of $7.96 and a fifty-two week high of $9.92. The stock has a market cap of $871.69 million, a price-to-earnings ratio of 9.81 and a beta of 0.58. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.12 and a quick ratio of 0.12.

Barings Bdc (NYSE:BBDC) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 the consensus estimate of $62.54 million. During the same quarter last year, the firm posted $0.25 EPS. On average, research analysts expect that Barings Bdc, Inc. will post 1 EPS for the current fiscal year.

Barings Bdc Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 3rd will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $1.04 annualized dividend and a yield of 12.5%. Barings Bdc’s dividend payout ratio (DPR) is presently 122.35%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Arkadios Wealth Advisors grew its position in Barings Bdc by 15.0% in the first quarter. Arkadios Wealth Advisors now owns 34,536 shares of the company’s stock valued at $284,000 after acquiring an additional 4,512 shares during the last quarter. Entropy Technologies LP bought a new position in Barings Bdc in the first quarter valued at about $211,000. Bulldog Investors LLP grew its position in Barings Bdc by 5.5% in the first quarter. Bulldog Investors LLP now owns 334,904 shares of the company’s stock valued at $2,756,000 after acquiring an additional 17,597 shares during the last quarter. Global Assets Advisory LLC bought a new position in Barings Bdc in the first quarter valued at about $79,000. Finally, Simplicity Wealth LLC bought a new position in Barings Bdc in the first quarter valued at about $91,000. Institutional investors own 44.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on BBDC. Lucid Cap Mkts upgraded Barings Bdc to a “hold” rating in a research report on Tuesday, April 28th. Weiss Ratings upgraded Barings Bdc from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $9.50.

Barings Bdc Company Profile

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).