Barings BDC, Inc. (NYSE:BBDC) Shares Bought by Confluence Investment Management LLC

Confluence Investment Management LLC increased its stake in Barings BDC, Inc. (NYSE:BBDC) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 517,753 shares of the company’s stock after buying an additional 2,399 shares during the quarter. Confluence Investment Management LLC owned about 0.49% of Barings BDC worth $4,955,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of BBDC. Stifel Financial Corp raised its position in shares of Barings BDC by 1.6% in the 3rd quarter. Stifel Financial Corp now owns 64,110 shares of the company’s stock valued at $628,000 after purchasing an additional 1,017 shares in the last quarter. Sound Income Strategies LLC increased its stake in shares of Barings BDC by 9.3% in the third quarter. Sound Income Strategies LLC now owns 12,877 shares of the company’s stock worth $126,000 after buying an additional 1,097 shares during the last quarter. nVerses Capital LLC raised its holdings in Barings BDC by 50.0% in the third quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock valued at $32,000 after acquiring an additional 1,100 shares in the last quarter. ProShare Advisors LLC boosted its stake in Barings BDC by 8.0% during the 2nd quarter. ProShare Advisors LLC now owns 14,895 shares of the company’s stock valued at $145,000 after acquiring an additional 1,101 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Barings BDC by 3.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 49,800 shares of the company’s stock valued at $485,000 after acquiring an additional 1,468 shares during the last quarter. 44.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Michael James O’connor sold 29,424 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $9.70, for a total transaction of $285,412.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen R. Byers bought 8,485 shares of the company’s stock in a transaction on Friday, December 13th. The stock was bought at an average cost of $9.73 per share, for a total transaction of $82,559.05. Following the completion of the transaction, the director now directly owns 50,001 shares of the company’s stock, valued at $486,509.73. This trade represents a 20.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 14,048 shares of company stock worth $136,772 over the last ninety days. 0.45% of the stock is owned by insiders.

Barings BDC Price Performance

BBDC opened at $9.67 on Friday. The company has a market capitalization of $1.02 billion, a P/E ratio of 8.95 and a beta of 0.68. The company has a 50-day moving average of $9.78 and a 200-day moving average of $9.83. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. Barings BDC, Inc. has a 1-year low of $8.64 and a 1-year high of $10.38.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). Barings BDC had a net margin of 39.59% and a return on equity of 11.24%. The firm had revenue of $70.85 million during the quarter, compared to the consensus estimate of $70.48 million. During the same period in the prior year, the firm earned $0.31 earnings per share. Equities analysts expect that Barings BDC, Inc. will post 1.24 EPS for the current fiscal year.

Barings BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, December 4th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 10.75%. The ex-dividend date was Wednesday, December 4th. Barings BDC’s dividend payout ratio is currently 96.30%.

Barings BDC Profile

Barings BDC, Inc is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily 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 companies that operate across a wide range of industries.