Barings Bdc, Inc. (NYSE:BBDC – Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Wednesday, September 2nd will be paid a dividend of 0.26 per share on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date of this dividend is Wednesday, September 2nd.
Barings Bdc has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Barings Bdc has a dividend payout ratio of 105.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Barings Bdc to earn $0.97 per share next year, which means the company may not be able to cover its $1.04 annual dividend with an expected future payout ratio of 107.2%.
Barings Bdc Stock Performance
NYSE:BBDC opened at $8.42 on Thursday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $8.41 and a two-hundred day moving average price of $8.60. Barings Bdc has a twelve month low of $7.96 and a twelve month high of $9.92. The company has a market capitalization of $881.32 million, a P/E ratio of 9.90 and a beta of 0.58.
Insider Transactions at Barings Bdc
In other news, CEO Thomas Mcdonnell purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were bought at an average cost of $8.27 per share, with a total value of $82,700.00. Following the purchase, the chief executive officer directly owned 26,000 shares of the company’s stock, valued at approximately $215,020. This trade represents a 62.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.60% of the company’s stock.
Institutional Trading of Barings Bdc
A number of hedge funds have recently bought and sold shares of BBDC. MBM Wealth Consultants LLC acquired a new position in Barings Bdc in the 1st quarter valued at $30,000. Farther Finance Advisors LLC grew its position in shares of Barings Bdc by 65.6% in the fourth quarter. Farther Finance Advisors LLC now owns 3,992 shares of the company’s stock valued at $37,000 after purchasing an additional 1,582 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of Barings Bdc in the third quarter valued at $44,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Barings Bdc in the fourth quarter valued at $46,000. Finally, Aquatic Capital Management LLC acquired a new position in Barings Bdc in the third quarter valued at $64,000. Institutional investors and hedge funds own 44.09% of the company’s stock.
Barings Bdc Company Profile
Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.
The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).
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