Shares of Barings BDC, Inc. (NYSE: BBDC) have received an average rating of âBuyâ by the seven rating companies that currently cover the stock, reports Marketbeat Ratings. One equity research analyst rated the stock with a sell rating, four issued a buy rating, and one gave the company a high buy rating. The 12-month average price target among brokerage firms that updated their equity coverage in the past year is $ 12.19.
Several research firms recently commented on the BBDC. Raymond James increased his target price on Barings BDC from $ 12.00 to $ 12.50 and gave the company a âstrong buyâ rating in a report released Thursday, November 11. Zacks investment research downgraded Barings BDC from a âholdâ rating to a âsellâ rating in a report released on Friday, November 12. Finally, Oppenheimer assumed coverage of Barings BDC shares in a research note on Thursday, October 7. They set an “outperformance” rating and a target price of $ 12.00 for the company.
In other news, VP Thomas mcdonnell acquired 5,000 shares of the company in a transaction on Monday, November 29. The shares were purchased at an average price of $ 10.85 per share, for a total transaction of $ 54,250.00. The purchase was disclosed in a legal file with the SEC, which is available through this link. Insiders own 0.78% of the company’s shares.
Large investors recently changed their positions in the stock. Confluence Investment Management LLC increased its position in Barings BDC by 2.3% in the 4th quarter. Confluence Investment Management LLC now owns 461,477 shares of the company valued at $ 5,086,000 after purchasing an additional 10,273 shares in the last quarter. Moors & Cabot Inc. acquired a new equity interest in Barings BDC in the 3rd quarter valued at approximately $ 161,000. Two Sigma Advisers LP increased its stake in Barings BDC shares by 6.0% in the third quarter. Two Sigma Advisers LP now owns 300,500 shares of the company valued at $ 3,312,000 after acquiring an additional 17,000 shares during the period. Two Sigma Investments LP increased its stake in Barings BDC by 61.9% during the third quarter. Two Sigma Investments LP now owns 259,346 shares of the company valued at $ 2,858,000 after purchasing an additional 99,182 shares in the last quarter. Finally, LPL Financial LLC raised its stake in Barings BDC by 21.2% during the third quarter. LPL Financial LLC now owns 14,379 shares of the company valued at $ 158,000 after purchasing an additional 2,520 shares in the last quarter. 91.12% of the shares are held by institutional investors and hedge funds.
Actions of BBDC traded up $ 0.05 by midday Friday, reaching $ 11.05. 102,442 shares of the company were traded for an average volume of 151,133. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt ratio of 0.89. The company’s 50-day mobile average price is $ 11.05, and its 200-day mobile average price is $ 10.89. The company has a market cap of $ 529.96 million, a P / E ratio of 7.52 and a beta of 0.65. Barings BDC has a one-year low of $ 8.82 and a one-year high of $ 11.55.
Barings BDC (NYSE: BBDC) last released its quarterly earnings data on Monday, November 8. The company reported EPS of $ 0.23 for the quarter, meeting analyst consensus estimates of $ 0.23. Barings BDC achieved a return on equity of 7.22% and a net margin of 75.01%. The company posted revenue of $ 34.98 million for the quarter, compared to $ 33.06 million expected by analysts. During the same period of the previous year, the company posted earnings of $ 0.17 per share. Sell-side analysts expect Barings BDC to post earnings per share of 0.9 for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 1. Investors of record on Wednesday, November 24 received a dividend of $ 0.22 per share. This is a positive change from Barings BDC’s previous quarterly dividend of $ 0.21. The ex-dividend date of this dividend was Tuesday, November 23. This represents an annualized dividend of $ 0.88 and a dividend yield of 7.96%. Barings BDC’s payout ratio is currently 59.86%.
About Barings BDC
Barings BDC, Inc. is a closed-end management investment firm, which engages in providing personalized financing primarily to lower middle market companies. Its investment objective is to seek returns by generating current income from our debt investments and capital appreciation from our equity investments.
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