Barings BDC (NYSE:BBDC) Upgraded to “C-” at TheStreet

TheStreet upgraded shares of Barings BDC (NYSE:BBDC) from a d+ rating to a c- rating in a report published on Friday morning, TheStreetRatingsTable reports.

A number of other brokerages also recently weighed in on BBDC. National Securities started coverage on Barings BDC in a research report on Wednesday, October 23rd. They set a neutral rating and a $10.00 price target on the stock. ValuEngine downgraded Barings BDC from a buy rating to a hold rating in a research note on Tuesday. Finally, Zacks Investment Research downgraded Barings BDC from a hold rating to a sell rating in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Barings BDC presently has a consensus rating of Hold and an average target price of $10.40.

Shares of BBDC stock opened at $10.35 on Friday. The company has a fifty day moving average price of $10.27 and a two-hundred day moving average price of $10.04. Barings BDC has a one year low of $8.70 and a one year high of $10.48. The stock has a market cap of $533.01 million, a P/E ratio of 16.52, a P/E/G ratio of 3.32 and a beta of 0.68. The company has a debt-to-equity ratio of 1.10, a current ratio of 4.64 and a quick ratio of 4.64.

Barings BDC (NYSE:BBDC) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Barings BDC had a net margin of 6.67% and a return on equity of 5.48%. The company had revenue of $19.30 million for the quarter, compared to analyst estimates of $20.34 million. As a group, equities research analysts anticipate that Barings BDC will post 0.63 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 11th will be given a $0.15 dividend. The ex-dividend date is Tuesday, December 10th. This is a positive change from Barings BDC’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 5.80%.

In related news, insider Thomas F. Finke bought 8,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was bought at an average price of $10.30 per share, for a total transaction of $82,400.00. Following the purchase, the insider now owns 10,000 shares in the company, valued at approximately $103,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of BBDC. First Personal Financial Services increased its stake in shares of Barings BDC by 150.0% during the third quarter. First Personal Financial Services now owns 5,000 shares of the company’s stock worth $51,000 after purchasing an additional 3,000 shares during the period. Sigma Planning Corp bought a new position in Barings BDC during the 2nd quarter worth $99,000. FNY Investment Advisers LLC increased its position in Barings BDC by 12.4% during the 3rd quarter. FNY Investment Advisers LLC now owns 10,455 shares of the company’s stock worth $106,000 after buying an additional 1,155 shares during the period. Allianz Asset Management GmbH acquired a new stake in shares of Barings BDC during the second quarter worth $136,000. Finally, Strategic Financial Group LLC acquired a new stake in shares of Barings BDC during the second quarter worth $192,000. 70.20% of the stock is currently owned by institutional investors.

Barings BDC Company Profile

Barings BDC, Inc (NYSE:BBDC) is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies.

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