Verition Fund Management LLC Takes $115,000 Position in Barings BDC, Inc. (NYSE:BBDC)

Verition Fund Management LLC acquired a new position in Barings BDC, Inc. (NYSE:BBDC) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 11,700 shares of the company’s stock, valued at approximately $115,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its position 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 period. nVerses Capital LLC boosted its position in Barings BDC by 50.0% during the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock worth $32,000 after acquiring an additional 1,100 shares during the period. ProShare Advisors LLC increased its holdings in shares of Barings BDC by 8.0% in the 2nd quarter. ProShare Advisors LLC now owns 14,895 shares of the company’s stock valued at $145,000 after purchasing an additional 1,101 shares during the period. SeaCrest Wealth Management LLC lifted its position in shares of Barings BDC by 6.7% in the second quarter. SeaCrest Wealth Management LLC now owns 19,169 shares of the company’s stock worth $187,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Barings BDC by 3.0% during the second quarter. Commonwealth Equity Services LLC now owns 49,800 shares of the company’s stock worth $485,000 after purchasing an additional 1,468 shares during the period. 44.09% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Michael James O’connor sold 29,424 shares of Barings BDC stock in a transaction dated 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 through this hyperlink. Also, Director Stephen R. Byers bought 8,485 shares of the business’s stock in a transaction on Friday, December 13th. The shares were acquired at an average price of $9.73 per share, for a total transaction of $82,559.05. Following the completion of the transaction, the director now owns 50,001 shares in the company, valued at approximately $486,509.73. This trade represents a 20.44 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 14,048 shares of company stock worth $136,772 over the last 90 days. Corporate insiders own 0.45% of the company’s stock.

Barings BDC Stock Performance

Shares of NYSE BBDC opened at $9.55 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.11 and a quick ratio of 0.11. Barings BDC, Inc. has a one year low of $8.55 and a one year high of $10.38. The business’s 50-day moving average price is $9.86 and its two-hundred day moving average price is $9.87. The company has a market capitalization of $1.01 billion, a P/E ratio of 8.84 and a beta of 0.68.

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

Barings BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, December 4th were paid a $0.26 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.89%. Barings BDC’s payout ratio is 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.