Matthew Freund, President of Barings BDC, Inc. (NYSE:BBDC), has acquired additional shares of the company. According to a recent SEC filing, Freund purchased a total of 2,500 shares of common stock on December 11, 2024. The shares were bought at prices ranging from $9.715 to $9.7176 per share, amounting to a total investment of $24,291. Following this transaction, Freund's direct ownership of Barings BDC shares increased to 15,971 shares. The purchase comes as BBDC maintains an attractive 10.7% dividend yield, having maintained dividend payments for 18 consecutive years, according to InvestingPro data. The company's overall financial health score is rated as "GREAT" with strong metrics in relative value and cash flow. For deeper insights into BBDC's valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Barings BDC has reported a steady growth trend, with a net asset value (NAV) per share of $11.32 for the third quarter of 2024, marking a slight year-over-year increase. The company's net investment income has surpassed its dividend, standing at $0.29 per share compared to the quarterly dividend of $0.26 per share. Barings BDC has also successfully extended and amended its revolving credit facility, now sized at $825 million, with a maturity date extended to November 2029.
The company's financial health appears strong, with low non-accruals at 0.5% of fair value and a diversified portfolio with 72% in secured investments. Despite a slight 0.4% decrease in NAV per share from the previous quarter and net realized losses due to the exit of ANG Software (ETR:SOWGn), the company's leverage ratio remains within the targeted range, providing room for future investment opportunities.
CEO Eric Lloyd has expressed a positive outlook for credit performance as interest rates stabilize and inflation declines. Barings BDC continues to focus on middle-market investments and maintains a conservative underwriting approach. These recent developments highlight the firm's strategic focus and financial flexibility.
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