Barings Bdc (NYSE:BBDC) CEO Thomas Mcdonnell Acquires 10,000 Shares

Barings Bdc, Inc. (NYSE:BBDC) CEO Thomas Mcdonnell acquired 10,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was acquired at an average cost of $8.27 per share, for a total transaction of $82,700.00. Following the completion of the acquisition, the chief executive officer owned 26,000 shares of the company’s stock, valued at $215,020. This trade represents a 62.50% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Barings Bdc Stock Down 0.9%

Shares of BBDC opened at $8.35 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.25. Barings Bdc, Inc. has a 12 month low of $7.96 and a 12 month high of $9.92. The stock’s 50 day moving average is $8.62 and its two-hundred day moving average is $8.78. The firm has a market cap of $873.80 million, a P/E 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 EPS for the quarter, meeting the consensus estimate of $0.25. The company had revenue of $54.66 million for the quarter, compared to analyst estimates of $62.54 million. Barings Bdc had a return on equity of 10.08% and a net margin of 32.45%.During the same period last year, the company earned $0.25 earnings per share. Analysts predict that Barings Bdc, Inc. will post 1 earnings per share for the current fiscal year.

Barings Bdc Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 3rd will be given 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 122.35%.

Analysts Set New Price Targets

A number of equities analysts recently commented on BBDC shares. Weiss Ratings upgraded Barings Bdc from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Lucid Cap Mkts raised Barings Bdc to a “hold” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $9.50.

Institutional Trading of Barings Bdc

Institutional investors have recently bought and sold shares of the business. MBM Wealth Consultants LLC purchased a new stake in Barings Bdc during the 1st quarter worth about $30,000. Farther Finance Advisors LLC lifted its holdings in shares of Barings Bdc by 65.6% in the 4th quarter. Farther Finance Advisors LLC now owns 3,992 shares of the company’s stock valued at $37,000 after purchasing an additional 1,582 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Barings Bdc in the 3rd quarter valued at about $44,000. Flagship Harbor Advisors LLC purchased a new stake in Barings Bdc during the 4th quarter valued at approximately $46,000. Finally, Aquatic Capital Management LLC purchased a new stake in Barings Bdc during the 3rd quarter valued at approximately $64,000. 44.09% of the stock is owned by hedge funds and other institutional investors.

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).