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 - Get Free Report), made a noteworthy investment by purchasing 1,063 shares of the company's stock. The shares were acquired at an average price of $9.89 each, leading to a total investment of $10,513.07. After this transaction, Byers now holds a total of 41,516 shares in Barings BDC, which amounts to a value of approximately $410,593.24. This recent purchase marks a 2.63% increase in his ownership of the company's stock. Details of this acquisition were filed with the United States Securities and Exchange Commission (SEC) and can be accessed through their official channels.

Barings BDC Stock Performance

As of Friday, Barings BDC stock saw a slight decline of $0.08, bringing its price to $9.71 during mid-day trading. A total of 620,504 shares changed hands on this day, contrasting with the company's average trading volume of 432,432 shares. Over the past year, the stock has fluctuated, reaching a low of $8.55 and a high of $10.38. Financial metrics 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 price stands at $9.86, while the two-hundred-day moving average price is $9.87. Barings BDC has a market capitalization of approximately $1.02 billion, a price-to-earnings ratio of 9.06, and a lower beta of 0.68, indicating less volatility compared to the market.

Recent Earnings Report

Barings BDC shared its latest earnings results on November 6th, reporting earnings of $0.29 per share (EPS) for the quarter. This figure fell short of analysts' consensus estimate of $0.30 by $0.01. The company recorded revenue of $70.85 million, slightly exceeding the expected revenue of $70.48 million. Barings BDC's net profit margin stood at 39.59%, with a return on equity of 11.24%. This performance is compared to the same period last year when the EPS was higher at $0.31. Looking forward, analysts predict that Barings BDC will report an EPS of 1.24 for the current year.

Dividends Announced by Barings BDC

In addition to the acquisition details by Byers, Barings BDC recently declared a quarterly dividend. This dividend was paid on December 11th, with stockholders who were on record as of December 4th receiving a dividend of $0.26 per share. Annually, this amounts to a total of $1.04 per share, presenting a significant dividend yield of 10.71%. For reference, the ex-dividend date was also noted as December 4th. Currently, the company's payout ratio is registered at 96.30%, indicating a high level of earnings being returned to shareholders.

Institutional Investment Activity

In recent developments, several institutional investors have made adjustments to their positions in Barings BDC. Kovitz Investment Group Partners LLC acquired a new stake worth $10,549,000 during the third quarter. Additionally, Harbor Capital Advisors Inc. increased its holdings by 148.6%, now owning 740,559 shares valued at approximately $7,257,000 after acquiring an extra 442,621 shares. Also active in increasing their portfolio, Van ECK Associates Corp boosted its holdings by 17.7% in the second quarter, holding 2,138,487 shares valued at $20,808,000. Franklin Resources Inc. grew its stake by 38.9% in the third quarter, now possessing 322,954 shares valued at $3,136,000. Wealth Enhancement Advisory Services LLC made a new investment in Barings BDC worth about $731,000. Currently, institutional ownership of the company is reported at 44.09%.

About Barings BDC

Barings BDC, Inc. operates as a publicly traded, externally managed investment company under the Investment Company Act of 1940. The primary focus of Barings BDC is to invest in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments, and senior secured private debt investments aimed at private middle-market companies across various industries.

Conclusion

Stephen R. Byers' recent purchase of shares adds to the growing interest in Barings BDC, reflecting confidence from company insiders and institutional investors alike. As the company continues to navigate the market, its stock performance, dividend yield, and institutional interest remain key elements to consider for potential investors.

investment, shares, dividends