Confluence Investment Management LLC Has $4.96 Million Stock Position in Barings BDC, Inc. (NYSE:BBDC)

Confluence Investment Management LLC boosted its stake in shares of Barings BDC, Inc. (NYSE:BBDC) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 517,753 shares of the company’s stock after buying an additional 2,399 shares during the period. Confluence Investment Management LLC’s holdings in Barings BDC were worth $4,955,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of Barings BDC by 393.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock valued at $25,000 after purchasing an additional 2,059 shares during the period. Nomura Asset Management Co. Ltd. acquired a new position in Barings BDC in the 3rd quarter valued at approximately $26,000. nVerses Capital LLC increased its stake in Barings BDC by 50.0% in the 3rd quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock valued at $32,000 after buying an additional 1,100 shares during the period. Asset Dedication LLC purchased a new stake in Barings BDC in the 2nd quarter worth approximately $36,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Barings BDC during the 2nd quarter valued at $86,000. 44.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Barings BDC

In other Barings BDC news, insider Michael James O’connor sold 29,424 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were 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 SEC, which is accessible through the SEC website. Also, Director Stephen R. Byers purchased 8,485 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 50,001 shares of the company’s stock, valued at approximately $486,509.73. This represents a 20.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 14,048 shares of company stock worth $136,772. 0.45% of the stock is owned by insiders.

Barings BDC Stock Performance

Shares of NYSE BBDC opened at $9.67 on Friday. 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 $8.64 and a one year high of $10.38. The business’s 50-day moving average price is $9.78 and its two-hundred day moving average price is $9.83. The company has a market capitalization of $1.02 billion, a P/E ratio of 8.95 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 analysts’ consensus estimates of $0.30 by ($0.01). The firm had revenue of $70.85 million during the quarter, compared to analyst estimates of $70.48 million. Barings BDC had a return on equity of 11.24% and a net margin of 39.59%. During the same quarter 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, December 4th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.75%. The ex-dividend date was Wednesday, December 4th. Barings BDC’s dividend payout ratio is 96.30%.

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.