Stephen R. Byers Acquires 1,063 Shares of Barings BDC, Inc. (NYSE:BBDC) Stock

On December 11th, Stephen R. Byers, a director at Barings BDC, Inc. (NYSE:BBDC), acquired 1,063 shares of the company's stock. The shares were purchased at an average price of $9.89 each, resulting in a total investment of $10,513.07. After this transaction, Byers now holds a total of 41,516 shares, which are currently valued at about $410,593.24. This acquisition marks a 2.63% increase in his ownership stake. The details of this transaction have been reported in a filing with the Securities and Exchange Commission (SEC), which is accessible here.

Barings BDC Price Performance

As of Friday, BBDC stock experienced a slight decline of $0.08, bringing its price to $9.71. During the trading session, 620,504 shares changed hands, which is higher than its average trading volume of 432,432 shares. Over the past year, the stock reached a low of $8.55 and a high of $10.38. Key financial ratios for Barings BDC include a debt-to-equity ratio of 0.29, a current ratio of 0.11, and a quick ratio of 0.11. The company's fifty-day moving average is $9.86, while the 200-day moving average is $9.87. The overall market capitalization of Barings BDC is approximately $1.02 billion, and its price-to-earnings ratio stands at 9.06, indicating a beta of 0.68.

Barings BDC Earnings Report

Barings BDC recently released its earnings report on November 6th. The company reported earnings per share (EPS) of $0.29 for the quarter, which was slightly below the consensus estimate of $0.30 by $0.01. The revenue for the quarter was $70.85 million, exceeding analysts' expectations of $70.48 million. The company demonstrated a net margin of 39.59% and a return on equity of 11.24%. In comparison to the same period last year, the firm's EPS decreased from $0.31. Analysts forecast that Barings BDC will achieve an EPS of 1.24 for the current year.

Dividend Announcement by Barings BDC

Recently, Barings BDC declared a quarterly dividend, which was paid out on December 11th. Shareholders who were on record as of December 4th received a dividend payment of $0.26 per share, translating to an annualized dividend of $1.04 and a dividend yield of 10.71%. The ex-dividend date was December 4th, and the company's payout ratio is currently at 96.30%.

Institutional Investor Activity

Recent activity among institutional investors and hedge funds indicates significant changes in their positions concerning Barings BDC. For instance, Kovitz Investment Group Partners LLC purchased a new stake in the company valued at approximately $10,549,000 during the third quarter. Additionally, Harbor Capital Advisors Inc. increased its holdings by 148.6% in the same quarter, acquiring 442,621 additional shares for a total of 740,559 shares. Van ECK Associates Corp also raised its stake by 17.7%, now owning 2,138,487 shares valued at $20,808,000. Furthermore, Franklin Resources Inc. increased its position by 38.9%, resulting in 322,954 shares valued at $3,136,000. Hedge funds and institutional investors now collectively hold about 44.09% of Barings BDC's stock.

About Barings BDC, Inc.

Barings BDC, Inc. is a publicly traded investment company that operates under the regulations of the Investment Company Act of 1940. The firm is externally managed and focuses on investing in a variety of debt instruments and equity co-investments primarily within private middle-market firms across diverse industries.

Byers, stocks, investment