Barings BDC (BBDC) Sees Strong Trading Volume on Insider Buying Activity

Shares of Barings BDC Inc (NASDAQ:BBDC) saw unusually-strong trading volume on Friday after an insider bought additional shares in the company. Approximately 961,384 shares were traded during mid-day trading, an increase of 132% from the previous session’s volume of 413,913 shares.The stock last traded at $10.20 and had previously closed at $10.09.

Specifically, insider Paul John Thompson purchased 12,000 shares of the company’s stock in a transaction dated Thursday, October 4th. The stock was bought at an average cost of $10.20 per share, for a total transaction of $122,400.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Barings Llc purchased 79,200 shares of the company’s stock in a transaction dated Monday, October 1st. The stock was acquired at an average price of $10.08 per share, with a total value of $798,336.00. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 911,909 shares of company stock valued at $9,223,934.

A number of equities research analysts have recently weighed in on BBDC shares. Zacks Investment Research downgraded shares of Barings BDC from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Raymond James upgraded shares of Barings BDC from an “underperform” rating to an “outperform” rating in a research report on Tuesday, September 11th.

Barings BDC (NASDAQ:BBDC) last announced its quarterly earnings data on Friday, August 10th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.07).

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, December 14th will be given a dividend of $0.10 per share. This is an increase from Barings BDC’s previous quarterly dividend of $0.03. This represents a $0.40 annualized dividend and a yield of 3.92%. The ex-dividend date is Thursday, December 13th.

A number of institutional investors and hedge funds have recently made changes to their positions in BBDC. Optimum Investment Advisors acquired a new position in Barings BDC during the third quarter valued at approximately $307,000. DAVENPORT & Co LLC acquired a new position in Barings BDC during the third quarter valued at approximately $234,000. State of New Jersey Common Pension Fund D acquired a new position in Barings BDC during the third quarter valued at approximately $2,481,000. BB&T Corp acquired a new position in Barings BDC during the third quarter valued at approximately $110,000. Finally, Confluence Investment Management LLC acquired a new position in Barings BDC during the third quarter valued at approximately $10,251,000.

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About Barings BDC (NASDAQ:BBDC)

Triangle Capital Corp. engages in the provision of customized financing primarily to lower middle market companies. Its investment objective is to seek returns by generating current income from our debt investments, and capital appreciation from our equity-related investments. Its portfolio includes Aden and Anais, AGM Automotive, All Metals, American Silk, Avantor Performance Materials, and others.

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