10,076 Shares in Barings BDC, Inc. (NYSE:BBDC) Acquired by MML Investors Services LLC

MML Investors Services LLC bought a new stake in Barings BDC, Inc. (NYSE:BBDC) during the third quarter, Holdings Channel.com reports. The firm bought 10,076 shares of the company’s stock, valued at approximately $99,000.

Several other large investors have also modified their holdings of the business. Kovitz Investment Group Partners LLC acquired a new position in shares of Barings BDC in the 3rd quarter worth approximately $10,549,000. Harbor Capital Advisors Inc. lifted its stake in Barings BDC by 148.6% during the third quarter. Harbor Capital Advisors Inc. now owns 740,559 shares of the company’s stock worth $7,257,000 after purchasing an additional 442,621 shares in the last quarter. Van ECK Associates Corp lifted its stake in Barings BDC by 17.7% during the second quarter. Van ECK Associates Corp now owns 2,138,487 shares of the company’s stock worth $20,808,000 after purchasing an additional 321,638 shares in the last quarter. Muzinich & Co. Inc. boosted its position in shares of Barings BDC by 38.9% during the third quarter. Muzinich & Co. Inc. now owns 252,518 shares of the company’s stock worth $2,475,000 after buying an additional 70,722 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Barings BDC by 38.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 252,518 shares of the company’s stock valued at $2,475,000 after buying an additional 70,722 shares in the last quarter. Institutional investors and hedge funds own 44.09% of the company’s stock.

Barings BDC Price Performance

BBDC stock opened at $9.52 on Friday. The business’s fifty day moving average price is $9.80 and its 200 day moving average price is $9.84. Barings BDC, Inc. has a 12-month low of $8.55 and a 12-month high of $10.38. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.00 billion, a PE ratio of 8.81 and a beta of 0.68.

Barings BDC (NYSE:BBDC) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Barings BDC had a return on equity of 11.24% and a net margin of 39.59%. The business had revenue of $70.85 million for the quarter, compared to analysts’ expectations of $70.48 million. During the same quarter last year, the company earned $0.31 earnings per share. On average, sell-side analysts anticipate that Barings BDC, Inc. will post 1.24 EPS for the current year.

Barings BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, December 4th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.04 dividend on an annualized basis and a yield of 10.92%. Barings BDC’s dividend payout ratio (DPR) is presently 96.30%.

Insider Buying and Selling at Barings BDC

In related news, Director Stephen R. Byers acquired 8,485 shares of the stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $9.73 per share, with a total value of $82,559.05. Following the completion of the transaction, the director now owns 50,001 shares in the company, valued at $486,509.73. This represents a 20.44 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael James O’connor sold 29,424 shares of the company’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 disclosure for this sale can be found here. Insiders acquired 14,048 shares of company stock valued at $136,772 in the last 90 days. Company insiders own 0.45% of the company’s stock.

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.