Mather Group LLC. acquired a new position in Barings BDC, Inc. (NYSE:BBDC – Free Report) 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 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.
See Also
- Five stocks we like better than Barings BDC
- Industrial Products Stocks Investing
- The Top 3 Sectors Poised For Growth This Summer
- Manufacturing Stocks Investing
- U.S. Steel Stock: Betting on EPS Cut and Merger Uncertainty?
- What is an Earnings Surprise?
- GitLab Stock: Pioneering the AI-Powered DevSecOps Platform
Receive News & Ratings for Barings BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barings BDC and related companies with MarketBeat.com's FREE daily email newsletter.