Barings BDC, Inc. (NYSE:BBDC - Get Free Report) insider Michael James O'connor sold 29,424 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $9.70, for a total value of $285,412.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of BBDC stock traded down $0.09 on Friday, reaching $9.70. The company's stock had a trading volume of 216,813 shares, compared to its average volume of 431,202. The stock's 50 day simple moving average is $9.86 and its 200-day simple moving average is $9.87. Barings BDC, Inc. has a 12-month low of $8.55 and a 12-month high of $10.38. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.02 billion, a P/E ratio of 9.06 and a beta of 0.68.
Barings BDC (NYSE:BBDC - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). The firm had revenue of $70.85 million for the quarter, compared to analysts' expectations of $70.48 million. Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. During the same quarter in the previous year, the business earned $0.31 EPS. As a group, equities analysts predict that Barings BDC, Inc. will post 1.24 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, December 4th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.72%. Barings BDC's dividend payout ratio (DPR) is 96.30%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. grew its stake in shares of Barings BDC by 38.9% in the 3rd quarter. Franklin Resources Inc. now owns 322,954 shares of the company's stock worth $3,136,000 after buying an additional 90,390 shares during the last quarter. Nomura Asset Management Co. Ltd. bought a new position in Barings BDC in the 3rd quarter valued at approximately $26,000. MML Investors Services LLC bought a new position in shares of Barings BDC during the 3rd quarter valued at $99,000. Jane Street Group LLC bought a new position in shares of Barings BDC during the 3rd quarter valued at $307,000. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Barings BDC during the 3rd quarter valued at $10,549,000. Hedge funds and other institutional investors own 44.09% of the company's stock.
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.
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