Harbor Capital Advisors Inc. lifted its stake in Barings BDC, Inc. (NYSE:BBDC – Free Report) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 756,340 shares of the company’s stock after acquiring an additional 15,781 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.72% of Barings BDC worth $7,238,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in shares of Barings BDC by 393.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock worth $25,000 after purchasing an additional 2,059 shares during the last quarter. Nomura Asset Management Co. Ltd. bought a new position in shares of Barings BDC in the third quarter valued at $26,000. nVerses Capital LLC increased its holdings in Barings BDC by 50.0% during the third quarter. nVerses Capital LLC now owns 3,300 shares of the company’s stock worth $32,000 after buying an additional 1,100 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Barings BDC during the second quarter worth $86,000. Finally, MML Investors Services LLC acquired a new stake in Barings BDC in the third quarter valued at $99,000. Institutional investors own 44.09% of the company’s stock.
Barings BDC Stock Performance
Shares of BBDC traded down $0.02 during midday trading on Friday, reaching $9.35. The stock had a trading volume of 137,354 shares, compared to its average volume of 351,609. 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 firm has a 50 day simple moving average of $9.75 and a 200-day simple moving average of $9.83. The firm has a market cap of $986.98 million, a PE ratio of 8.66 and a beta of 0.68. Barings BDC, Inc. has a one year low of $8.67 and a one year high of $10.38.
Barings BDC Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, December 4th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.12%. The ex-dividend date of this dividend was Wednesday, December 4th. Barings BDC’s dividend payout ratio is presently 96.30%.
Insider Buying and Selling
In related news, Director Stephen R. Byers acquired 8,485 shares of the company’s stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $9.73 per share, with a total value of $82,559.05. Following the acquisition, the director now directly owns 50,001 shares of the company’s stock, valued at approximately $486,509.73. The trade was a 20.44 % increase in their ownership of the stock. The acquisition 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 stock in a transaction on Thursday, December 12th. The stock was 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. In the last 90 days, insiders purchased 14,048 shares of company stock valued at $136,772. Company insiders own 0.45% of the company’s stock.
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.
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