Barings BDC, Inc. (NYSE:BBDC) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC boosted its position in shares of Barings BDC, Inc. (NYSE:BBDC) by 200.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,164 shares of the company’s stock after acquiring an additional 62,866 shares during the quarter. Jane Street Group LLC owned 0.09% of Barings BDC worth $901,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Barings BDC by 393.7% during the third 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 period. Lee Danner & Bass Inc. purchased a new position in shares of Barings BDC in the fourth quarter valued at approximately $25,000. Nomura Asset Management Co. Ltd. increased its stake in Barings BDC by 276.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 10,144 shares of the company’s stock worth $97,000 after buying an additional 7,448 shares during the period. Entropy Technologies LP acquired a new stake in Barings BDC during the 4th quarter worth approximately $98,000. Finally, Mariner LLC acquired a new stake in Barings BDC during the 4th quarter worth approximately $105,000. 44.09% of the stock is owned by institutional investors and hedge funds.

Barings BDC Price Performance

Barings BDC stock opened at $9.06 on Friday. The firm has a market cap of $954.48 million, a PE ratio of 8.71 and a beta of 0.73. Barings BDC, Inc. has a 52-week low of $7.66 and a 52-week high of $10.85. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.37. The company’s 50 day moving average is $8.88 and its two-hundred day moving average is $9.52.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). Barings BDC had a net margin of 38.54% and a return on equity of 10.94%. The firm had revenue of $64.44 million during the quarter, compared to analysts’ expectations of $67.78 million. During the same period in the prior year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, research analysts expect that Barings BDC, Inc. will post 1.13 EPS for the current fiscal year.

Barings BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, June 4th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 11.49%. Barings BDC’s dividend payout ratio is presently 110.64%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BBDC. Bank of America reduced their target price on shares of Barings BDC from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, May 19th. Wells Fargo & Company reduced their target price on shares of Barings BDC from $9.00 to $8.50 and set an “equal weight” rating on the stock in a report on Monday, May 12th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Barings BDC from $10.50 to $9.50 and set a “market perform” rating on the stock in a report on Tuesday, April 8th.

Insider Buying and Selling at Barings BDC

In related news, CEO Eric J. Lloyd bought 34,375 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The shares were purchased at an average cost of $9.12 per share, with a total value of $313,500.00. Following the transaction, the chief executive officer now directly owns 73,569 shares of the company’s stock, valued at approximately $670,949.28. This represents a 87.70% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Matthew Freund bought 3,522 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The stock was bought at an average cost of $9.07 per share, for a total transaction of $31,944.54. Following the completion of the transaction, the president now directly owns 20,002 shares in the company, valued at approximately $181,418.14. The trade was a 21.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.52% of the company’s stock.

Barings BDC 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.