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

On December 11th, 2023, Stephen R. Byers, a director at Barings BDC, Inc. (NYSE:BBDC), made a noteworthy investment by purchasing 1,063 shares of the company's stock. The acquisition was executed at an average price of $9.89 per share, leading to a total investment of $10,513.07. After this transaction, Byers now holds a total of 41,516 shares in Barings BDC, with a market value of approximately $410,593.24. This recent trade marks a 2.63% increase in his ownership stake in the company. The details of this transaction were provided in a document submitted to the Securities and Exchange Commission (SEC), which is accessible online.

Barings BDC Price Performance

During mid-day trading on Friday, Barings BDC's stock experienced a slight decline, falling by $0.08 to reach $9.71. Approximately 620,504 shares changed hands, which is above the average trading volume of 432,432 shares. The stock has fluctuated between a 12-month low of $8.55 and a high of $10.38. As per the financial ratios, the company showcases a debt-to-equity ratio of 0.29, alongside a current ratio and quick ratio both at 0.11. The fifty-day moving average price stands at $9.86, while the two-hundred-day moving average is at $9.87. Barings BDC has a market cap of $1.02 billion, a price-to-earnings ratio (P/E) of 9.06, and a beta value of 0.68, indicating lower volatility compared to the market.

Barings BDC Earnings Report

On November 6th, Barings BDC announced its most recent earnings results. The company reported earnings per share (EPS) of $0.29 for the quarter, which was slightly below the analysts' consensus estimate of $0.30 by $0.01. Revenue for the quarter reached $70.85 million, surpassing the anticipated figure of $70.48 million. The company recorded a net margin of 39.59% with a return on equity (ROE) of 11.24%. Comparatively, during the same quarter last year, Barings BDC reported an EPS of $0.31. Analysts foresee that Barings BDC will report an EPS of 1.24 for the current year.

Barings BDC Dividend Announcement

Furthermore, Barings BDC recently declared a quarterly dividend, which was disbursed on December 11th. Shareholders who were on record as of December 4th received a dividend of $0.26 per share. This translates to an annualized dividend of $1.04, boasting a yield of 10.71%. The ex-dividend date was marked on December 4th. At present, Barings BDC's payout ratio stands at a considerable 96.30%.

Institutional Investors and Hedge Funds

A number of institutional investors and hedge funds have adjusted their positions in Barings BDC recently. In the third quarter, Kovitz Investment Group Partners LLC made a new investment in Barings BDC, valued at about $10,549,000. Additionally, Harbor Capital Advisors Inc. increased its shares of Barings BDC by 148.6%, owning a total of 740,559 shares post acquisition. Van ECK Associates Corp raised its holdings in Barings BDC by 17.7% in the second quarter, amassing 2,138,487 shares valued at $20,808,000. Franklin Resources Inc. increased its shares by 38.9% in the third quarter, now owning 322,954 shares valued at approximately $3,136,000. Wealth Enhancement Advisory Services LLC also entered a new position in Barings BDC worth about $731,000. Collectively, hedge funds and institutional investors control around 44.09% of the stock.investment, stock, market