Insider Michael James O'Connor of Barings BDC, Inc. Sells Shares

Michael James O'Connor, an insider at Barings BDC, Inc. (NYSE:BBDC), recently sold 29,424 shares of the company’s stock. The sale took place on Thursday, December 12th. The shares were sold at an average price of $9.70, leading to a total transaction value of $285,412.80. This transaction was officially filed with the Securities and Exchange Commission and can be viewed through the relevant public records.

Barings BDC Price Performance

On the day of the transaction, shares of Barings BDC opened at $9.71. Over the last year, the stock has experienced a low of $8.55 and a high of $10.38. Financial metrics indicate a debt-to-equity ratio of 0.29, with both the quick and current ratios standing at 0.11. The company boasts a market capitalization of $1.02 billion and maintains a price-to-earnings (PE) ratio of 8.99 and a beta value of 0.68. Recently, the business achieved a 50-day simple moving average of $9.86 and a 200-day simple moving average of $9.87.

Barings BDC released its quarterly earnings figures on November 6th, reporting an earnings per share (EPS) of $0.29 for the quarter. This figure fell short of the consensus estimate of $0.30 by $0.01. The company had a return on equity of 11.24% and a net margin of 39.59%. Revenue for the quarter amounted to $70.85 million, surpassing the analyst’s expectations of $70.48 million. In the same quarter the previous year, Barings BDC announced an EPS of $0.31. Analysts expect Barings BDC, Inc. to report an EPS of 1.24 for the ongoing fiscal year.

Barings BDC Declares Dividend

Additionally, Barings BDC announced a quarterly dividend, which was paid out on December 11th. Shareholders who were on record as of December 4th received a dividend of $0.26 per share. This totals to an annualized dividend of $1.04 and a dividend yield of 10.72%. The ex-dividend date was also December 4th, and currently, Barings BDC's dividend payout ratio stands at 96.30%.

Institutional Investors and Barings BDC

Recently, various institutional investors and hedge funds have modified their stakes in Barings BDC. Kovitz Investment Group Partners LLC acquired a new position valued at approximately $10,549,000 during the third quarter. Harbor Capital Advisors Inc. increased its stake in the company by 148.6% in the same quarter, acquiring an additional 442,621 shares, raising its total holdings to 740,559 shares worth $7,257,000. Van ECK Associates Corp also increased its holdings by 17.7%, owning 2,138,487 shares valued at $20,808,000 after purchasing more during the second quarter. Franklin Resources Inc. and Wealth Enhancement Advisory Services LLC have also made adjustments to their holdings in the company. In total, institutional investors and hedge funds own about 44.09% of Barings BDC’s stock.

About Barings BDC, Inc.

Barings BDC, Inc. is publicly traded and externally managed as an investment company that qualifies as a business development company under the Investment Company Act of 1940. The company primarily seeks investments in senior secured loans, first lien debt, unitranche debt, second lien debt, subordinated debt, equity co-investments, and senior secured private debt investments in private middle-market companies across various industries.

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