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

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

Several other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Barings BDC from a hold rating to a sell rating in a report on Tuesday, October 1st. National Securities started coverage on shares of Barings BDC in a report on Wednesday, October 23rd. They set a neutral rating and a $10.00 target price for the company. Finally, ValuEngine lowered shares of Barings BDC from a buy rating to a hold rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Barings BDC currently has an average rating of Hold and an average target price of $10.40.

Barings BDC stock opened at $10.35 on Friday. The company has a current ratio of 4.64, a quick ratio of 4.64 and a debt-to-equity ratio of 1.10. Barings BDC has a 1 year low of $8.70 and a 1 year high of $10.48. The company has a market cap of $533.01 million, a PE ratio of 16.52, a PEG ratio of 3.32 and a beta of 0.68. The company’s 50-day moving average is $10.27 and its two-hundred day moving average is $10.04.

Barings BDC (NYSE:BBDC) last issued its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting 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. Research analysts forecast that Barings BDC will post 0.63 EPS for the current year.

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

In related news, insider Thomas F. Finke bought 8,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were purchased at an average price of $10.30 per share, with a total value of $82,400.00. Following the completion of the purchase, the insider now owns 10,000 shares of the company’s stock, valued at approximately $103,000. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Several institutional investors have recently bought and sold shares of BBDC. Barings LLC bought a new stake in shares of Barings BDC in the 2nd quarter valued at about $134,214,000. Weiss Asset Management LP acquired a new stake in Barings BDC in the second quarter worth $6,318,000. Virtus ETF Advisers LLC acquired a new stake in Barings BDC in the second quarter worth $6,254,000. Rivernorth Capital Management LLC raised its holdings in Barings BDC by 14.7% in the second quarter. Rivernorth Capital Management LLC now owns 3,002,031 shares of the company’s stock worth $29,540,000 after purchasing an additional 385,563 shares during the period. Finally, Brown Advisory Inc. boosted its position in shares of Barings BDC by 15.9% during the second quarter. Brown Advisory Inc. now owns 2,587,285 shares of the company’s stock worth $25,459,000 after purchasing an additional 355,900 shares in the last quarter. Institutional investors own 70.20% of the company’s stock.

About Barings BDC

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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