Truist Financial Corp Buys New Holdings in Barings BDC, Inc. (NYSE:BBDC)

Truist Financial Corp bought a new stake in shares of Barings BDC, Inc. (NYSE:BBDC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,718 shares of the company’s stock, valued at approximately $112,000.

Several other institutional investors also recently bought and sold shares of the stock. Stifel Financial Corp lifted its holdings in Barings BDC by 1.6% in the 3rd quarter. Stifel Financial Corp now owns 64,110 shares of the company’s stock worth $628,000 after buying an additional 1,017 shares during the period. Koshinski Asset Management Inc. lifted its holdings in Barings BDC by 2.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 47,158 shares of the company’s stock worth $451,000 after buying an additional 1,282 shares during the period. Stephens Inc. AR lifted its holdings in Barings BDC by 11.2% in the 4th quarter. Stephens Inc. AR now owns 19,133 shares of the company’s stock worth $183,000 after buying an additional 1,930 shares during the period. JPMorgan Chase & Co. lifted its holdings in Barings BDC by 393.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock worth $25,000 after buying an additional 2,059 shares during the period. Finally, Confluence Investment Management LLC lifted its holdings in Barings BDC by 0.5% in the 4th quarter. Confluence Investment Management LLC now owns 517,753 shares of the company’s stock worth $4,955,000 after buying an additional 2,399 shares during the period. 44.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Barings BDC

In other news, insider Michael James O’connor sold 29,424 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $9.70, for a total value of $285,412.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen R. Byers bought 8,485 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was purchased at an average cost of $9.73 per share, with a total value of $82,559.05. Following the transaction, the director now directly owns 50,001 shares in the company, valued at approximately $486,509.73. This represents a 20.44 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 14,048 shares of company stock valued at $136,772. Corporate insiders own 0.45% of the company’s stock.

Barings BDC Trading Up 1.4 %

NYSE BBDC opened at $9.77 on Friday. Barings BDC, Inc. has a fifty-two week low of $8.96 and a fifty-two week high of $10.85. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.14 and a current ratio of 0.14. The stock has a 50 day simple moving average of $9.95 and a two-hundred day simple moving average of $9.87. The stock has a market cap of $1.03 billion, a P/E ratio of 9.39 and a beta of 0.66.

Barings BDC (NYSE:BBDC) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. The business had revenue of $70.63 million during the quarter, compared to analysts’ expectations of $69.35 million. On average, analysts forecast that Barings BDC, Inc. will post 1.13 earnings per share for the current year.

Barings BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 5th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 10.65%. The ex-dividend date of this dividend is Wednesday, March 5th. Barings BDC’s dividend payout ratio is currently 100.00%.

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.