Barings BDC Insider Michael James O'Connor Sells Shares

Michael James O'Connor, an insider at Barings BDC, Inc. (NYSE:BBDC), sold 29,424 shares of the company's stock on Thursday, December 12th. The shares were sold at an average price of $9.70 each, totaling approximately $285,412.80. This transaction was formally reported in a filing with the Securities and Exchange Commission (SEC), which is publicly accessible.

Overview of Barings BDC Stock Performance

On Friday, Barings BDC shares opened at $9.71. The stock has experienced a range over the past year, with a low of $8.55 and a high of $10.38. The company has a debt-to-equity ratio of 0.29, as well as a quick ratio and current ratio both at 0.11. Barings BDC's market capitalization stands at $1.02 billion, with a price-to-earnings (PE) ratio of 8.99 and a beta of 0.68. Over the past fifty days, the average stock price has been $9.86, and over the last two hundred days, it has been approximately $9.87.

Barings BDC's Financial Results

Barings BDC released its quarterly earnings data on Wednesday, November 6th. The company reported earnings per share (EPS) of $0.29, which was slightly below the consensus estimate of $0.30 by $0.01. The return on equity was 11.24%, and the net margin was 39.59%. The revenue for this quarter was $70.85 million, surpassing the analyst estimates of $70.48 million. Compared to the same quarter last year, where the company posted $0.31 EPS, expectations for the current fiscal year suggest that Barings BDC will have an EPS of 1.24.

Dividend Information

The company has also recently announced a quarterly dividend, which was paid to shareholders on Wednesday, December 11th. Stockholders 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, providing a dividend yield of 10.72%. The ex-dividend date was December 4th, and the current dividend payout ratio stands at 96.30%.

Institutional Investments in Barings BDC

Several institutional investors have recently adjusted their holdings in Barings BDC. Kovitz Investment Group Partners LLC acquired a new stake valued at approximately $10,549,000 during the third quarter. Harbor Capital Advisors Inc. increased its position by 148.6% in the same period and now owns 740,559 shares worth about $7,257,000 after adding 442,621 shares. Van ECK Associates Corp also raised its holdings by 17.7% in the second quarter, giving them ownership of 2,138,487 shares valued at $20,808,000. Franklin Resources Inc. increased their stake by 38.9% during the third quarter, which brought their total to 322,954 shares with a value of around $3,136,000. Additionally, Wealth Enhancement Advisory Services LLC purchased a new stake valued at approximately $731,000. As a result, institutional investors and hedge funds currently hold about 44.09% of the company's stock.

About Barings BDC

Barings BDC, Inc. is a publicly traded investment company that has opted to be classified as a business development company (BDC) under the Investment Company Act of 1940. Its primary focus is on investing 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 firms across various industries.

Barings, BDC, Shares