Insider Buying: Barings BDC, Inc. (NYSE: BBDC) Manager Buys 1,850 Shares

Barings BDC, Inc. (NYSE: BBDC – Get a rating) Director Stephen R. Byers bought 1,850 shares in a trade dated Friday, June 3. The shares were acquired at an average price of $10.38 per share, with a total value of $19,203.00. Following the completion of the purchase, the director now directly owns 17,885 shares of the company, valued at $185,646.30. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, available at this hyperlink.

Shares of BBDC traded up $0.03 midday on Monday, hitting $10.42. 5,712 shares of the company were traded, compared to its average volume of 557,058. The company’s 50-day moving average price is $10.37 and its 200-day moving average price is 10.66 $. The stock has a market capitalization of $1.16 billion, a P/E ratio of 9.45 and a beta of 0.57. The company has a debt ratio of 0.57, a quick ratio of 0.27 and a current ratio of 0.27. Barings BDC, Inc. has a 12-month low of $9.83 and a 12-month high of $11.55.

Barings BDC (NYSE: BBDC – Get a rating) last released its quarterly results on Friday, May 6. The company reported earnings per share of $0.23 for the quarter, meeting analyst consensus estimates of $0.23. Barings BDC achieved a return on equity of 7.17% and a net margin of 51.33%. In the same quarter of the previous year, the company achieved EPS of $0.22. Equity research analysts expect Barings BDC, Inc. to post EPS of 0.96 for the current year.

(A d)

Whether you’re looking to learn the basics of futures or you’re a seasoned veteran looking to hone your trading skills, our technical analysis guide has everything you need to succeed in today’s futures markets. today!

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15. Shareholders of record on Wednesday, June 8 will receive a dividend of $0.24 per share. This represents a dividend of $0.96 on an annualized basis and a dividend yield of 9.21%. The ex-dividend date is Tuesday, June 7. This is a boost from Barings BDC’s previous quarterly dividend of $0.23. Barings BDC’s payout ratio is 83.64%.

A number of large investors have recently changed their positions in BBDC. Royal Bank of Canada increased its holdings of Barings BDC shares by 8.7% in the third quarter. Royal Bank of Canada now owns 12,664 shares of the company valued at $140,000 after buying an additional 1,015 shares last quarter. JPMorgan Chase & Co. increased its position in Barings BDC by 26.7% during the fourth quarter. JPMorgan Chase & Co. now owns 6,091 shares of the company worth $67,000 after buying 1,285 additional shares in the last quarter. National Asset Management Inc. increased its position in Barings BDC by 12.9% during the fourth quarter. National Asset Management Inc. now owns 12,720 shares of the company worth $141,000 after purchasing an additional 1,450 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Barings BDC by 108.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 3,457 shares of the company worth $38,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Wedbush Securities Inc. increased its position in Barings BDC by 12.9% during the 1st quarter. Wedbush Securities Inc. now owns 21,935 shares of the company worth $227,000 after purchasing an additional 2,500 shares in the last quarter. 66.03% of the shares are currently held by hedge funds and other institutional investors.

A number of stock analysts have recently commented on the company. TheStreet upgraded Barings BDC from a ‘c’ to a ‘b’ rating in a Wednesday, May 25 research note. Wells Fargo & Company cut its price target on Barings BDC from $13.00 to $12.50 and set an “overweight” rating for the company in a Monday, April 25 research note. To finish, Zacks Investment Research upgraded Barings BDC from a “hold” rating to a “buy” rating and set a target price of $11.00 for the company in a Tuesday, May 10 research note. Five research analysts gave the stock a buy rating and one gave the company a strong buy rating. According to data from, Barings BDC currently has an average rating of “Buy” and a consensus target price of $11.85.

About Barings BDC (Get a rating)

Barings BDC, Inc (NYSE: BBDC) is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Companies Act of 1940. It seeks to invest primarily in senior secured loans, senior debt, unitranche, junior debt, subordinated debt, equity co-investments and senior secured private debt investments in private mid-market companies. who operate in a wide range of sectors.

See also

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Barings BDC right now?

Before you consider Barings BDC, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Barings BDC didn’t make the list.

While Barings BDC currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Rosalie M. Dehner