Jane Street Group LLC Acquires Shares of 31,298 Barings BDC, Inc. (NYSE:BBDC)

Jane Street Group LLC bought a new position in Barings BDC, Inc. (NYSE:BBDC) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 31,298 shares of the company’s stock, valued at approximately $307,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. nVerses Capital LLC raised its position in shares of Barings BDC by 50.0% in 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 in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Barings BDC during the 2nd quarter valued at about $86,000. Advisory Alpha LLC bought a new stake in Barings BDC during the second quarter worth about $99,000. Centaurus Financial Inc. purchased a new stake in Barings BDC in the third quarter worth about $99,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Barings BDC during the second quarter valued at approximately $106,000. Hedge funds and other institutional investors own 44.09% of the company’s stock.

Barings BDC Stock Down 0.3 %

Shares of NYSE:BBDC opened at $9.39 on Friday. 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 stock has a fifty day simple moving average of $9.76 and a two-hundred day simple moving average of $9.83. Barings BDC, Inc. has a 12-month low of $8.67 and a 12-month high of $10.38. The stock has a market capitalization of $991.20 million, a price-to-earnings ratio of 8.69 and a beta of 0.68.

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

Barings BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, December 4th were given a $0.26 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $1.04 annualized dividend and a yield of 11.08%. Barings BDC’s payout ratio is presently 96.30%.

Insiders Place Their Bets

In other Barings BDC news, Director Stephen R. Byers acquired 8,485 shares of the stock in a transaction on Friday, December 13th. The stock was 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 directly owns 50,001 shares of the company’s stock, valued at $486,509.73. This trade represents a 20.44 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $9.70, for a total value of $285,412.80. The disclosure for this sale can be found here. Insiders purchased a total of 14,048 shares of company stock worth $136,772 over the last quarter. 0.45% of the stock is currently owned by corporate insiders.

Barings BDC Company 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.