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Barings BDC (BBDC) Shares Cross Above 200 DMA
Monday, August 19, 11:47 AM ET, by Market News Video Staff

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New 52-Week Low Could Prompt More Insider Buying At BBDC

By Market News Video Staff, Monday, March 16, 1:10 PM ET
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In trading on Monday, shares of Barings BDC Inc (NYSE:BBDC) touched a new 52-week low of $6.93/share. That's a $3.66 share price drop, or -34.56% decline from the 52-week high of $10.59 set back on 01/16/2020. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for BBDC that means the stock would have to gain 52.81% to get back to the 52-week high. For a move like that, Barings BDC Inc would need fundamental strength at the business level.

Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as BBDC shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, BBDC has seen 3 different instances of insiders buying over the past six months.

Purchased Insider Title Shares Price/Share Value
11/20/2019 Thomas F. Finke Director 8,000 $10.30 $82,400.00
03/12/2020 Jonathan Bock Chief Financial Officer 5,875 $8.32 $48,878.82
03/12/2020 Christopher Cary Head of Stakeholder Relations 1,000 $8.00 $7,995.37

In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where BBDC has traded over the past year, with the 50-day and 200-day moving averages included.

Barings BDC Inc Moving Averages Chart

Time will tell whether the insider purchases foretell a future rebound for BBDC shares, which are presently showing a last trade of $7.62/share, slightly above the new 52-week low.


This Article's Word Cloud:   BBDC   Bargains   Barings   Bock   Cary   Cheaper   Chief   Christopher   Director   Financial   Finke   Head   Here   Insider   Insiders   Jonathan   Large   Monday   NYSE   Officer   Oftentimes   Price   Purchased   Relations   Share   Shares   back   below   business   company   from   high   insiders   last   level   means   over   past   percentage   price   share   shares   stock   that   trade   week   were   whether   with   would
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