4,976 Shares in Barings BDC, Inc. (NYSE:BBDC) Bought by Mather Group LLC.

Mather Group LLC. acquired a new position in Barings BDC, Inc. (NYSE:BBDC) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,976 shares of the company’s stock, valued at approximately $43,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pineridge Advisors LLC purchased a new stake in shares of Barings BDC in the fourth quarter worth $53,000. Tucker Asset Management LLC bought a new position in Barings BDC in the fourth quarter valued at $80,000. Bouchey Financial Group Ltd bought a new position in Barings BDC in the fourth quarter valued at $88,000. JT Stratford LLC bought a new position in Barings BDC in the third quarter valued at $107,000. Finally, Camelot Portfolios LLC bought a new position in Barings BDC in the fourth quarter valued at $118,000. Hedge funds and other institutional investors own 44.09% of the company’s stock.

Barings BDC Stock Up 0.5 %

Shares of NYSE:BBDC opened at $9.62 on Tuesday. The stock’s 50-day moving average price is $9.65 and its 200-day moving average price is $9.27. Barings BDC, Inc. has a 12-month low of $7.60 and a 12-month high of $10.27. The stock has a market capitalization of $1.02 billion, a P/E ratio of 7.82 and a beta of 0.66. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.36.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings data on Saturday, May 4th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Barings BDC had a net margin of 45.35% and a return on equity of 10.77%. The company had revenue of $69.81 million for the quarter, compared to the consensus estimate of $72.38 million. During the same period last year, the business posted $0.25 earnings per share. On average, equities analysts anticipate that Barings BDC, Inc. will post 1.17 earnings per share for the current year.

Barings BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, June 5th were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, June 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.81%. Barings BDC’s dividend payout ratio is currently 84.55%.

Insider Transactions at Barings BDC

In other news, insider Michael Freno bought 27,500 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was bought at an average cost of $9.73 per share, for a total transaction of $267,575.00. Following the completion of the acquisition, the insider now owns 71,145 shares in the company, valued at approximately $692,240.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.45% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods increased their target price on Barings BDC from $10.00 to $10.50 and gave the company a “market perform” rating in a research note on Thursday, May 23rd.

About Barings BDC

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.