Freund (Pres.) bought 3,522 shares at $9.07 on 2025-05-19; holdings now 20,000 shares (+21.4%)
Matthew Freund, President of Barings BDC, executed 2 separate purchases totaling 3,522 shares for $31,944.54 and 2 minimal sales totaling 1 share for $16.73, increasing his stake to 20,000 shares from 16,479 shares. Freund's prior buys at BBDC (both on 2024-12-11) showed negative 90-day returns of -2.3%, and across his broader cross-ticker history, 2 prior buys averaged -2.3% over 90 days with a 0.00% win rate, suggesting prior purchases have not been well-timed. The current price of $9.27 is -14.0% from the 52-week high of $10.78, and the stock has declined -11.4% over the past 90 days despite a recent +6.6% gain in the last 30 days. The company trades at a P/E of 9.86 with net income of $32,576,000.00, indicating a modestly valued asset base, though the timing of this large acquisition relative to recent momentum reversals and his historical pattern merits observation.