Barings BDC adviser board member sells shares for $285,408

Michael James O’Connor, an adviser board member at Barings BDC, Inc. (NYSE:BBDC), has bought 29,423 shares of the corporate’s widespread inventory. The shares had been bought at a worth of $9.70 every, totaling roughly $285,408. Following this transaction, O’Connor not holds any shares within the firm. The transaction was disclosed in a latest SEC submitting.The $1.03 billion enterprise growth firm at present trades close to $9.76, providing buyers a considerable 10.6% dividend yield. In response to InvestingPro, BBDC has maintained dividend funds for 18 consecutive years and receives a “GREAT” general monetary well being rating. The inventory has demonstrated low volatility, with a beta of 0.72, and has delivered a 23.3% whole return over the previous 12 months.Need deeper insights? InvestingPro provides unique evaluation and eight extra ProTips for BBDC, out there within the complete Professional Analysis Report.

In different latest information, Barings BDC has reported a gentle progress and robust credit score outlook. The corporate’s web asset worth (NAV) per share for the third quarter of 2024 stands at $11.32, marking a slight enhance from the earlier 12 months. Barings BDC’s web funding earnings reached $0.29 per share, surpassing the quarterly dividend of $0.26 per share. The corporate additionally reported low non-accruals at 0.5% of truthful worth and a diversified portfolio with 72% in secured investments.

Barings BDC has efficiently prolonged and amended its revolving credit score facility, now sized at $825 million, with a maturity date prolonged to November 2029. The corporate declared a fourth-quarter dividend of $0.26 per share and repurchased over 500,000 shares by September 30. New commitments within the fourth quarter amounted to $117 million. Regardless of some technical difficulties through the earnings name, the corporate supplied insights into its monetary well being and strategic focus. The corporate’s CEO, Eric Lloyd, expressed a optimistic outlook for credit score efficiency as rates of interest stabilize and inflation declines.

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