Barings BDC (NYSE:BBDC) was upgraded by investment analysts at TheStreet from a “d+” rating to a “c-” rating in a research report issued to clients and investors on Friday, TheStreetRatingsTable reports.
BBDC has been the topic of several other reports. Zacks Investment Research cut Barings BDC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 1st. ValuEngine lowered Barings BDC from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, National Securities assumed coverage on Barings BDC in a research report on Wednesday, October 23rd. They issued a “neutral” rating and a $10.00 target price for the company. 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 has an average rating of “Hold” and an average target price of $10.40.
BBDC stock opened at $10.35 on Friday. The stock’s 50 day simple moving average is $10.27 and its 200 day simple moving average is $10.04. 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 12-month low of $8.70 and a 12-month high of $10.48. The stock has a market capitalization of $533.01 million, a PE ratio of 16.52, a price-to-earnings-growth ratio of 3.32 and a beta of 0.68.
Barings BDC (NYSE:BBDC) last posted its earnings results on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.16. Barings BDC had a return on equity of 5.48% and a net margin of 6.67%. The business had revenue of $19.30 million during the quarter, compared to analyst estimates of $20.34 million. On average, research analysts predict that Barings BDC will post 0.63 earnings per share for the current year.
In related news, insider Thomas F. Finke bought 8,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was acquired at an average price of $10.30 per share, with a total value of $82,400.00. Following the transaction, the insider now owns 10,000 shares in the company, valued at approximately $103,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.29% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. First Personal Financial Services increased its position in shares of Barings BDC by 150.0% during the 3rd quarter. First Personal Financial Services now owns 5,000 shares of the company’s stock valued at $51,000 after purchasing an additional 3,000 shares during the last quarter. Sigma Planning Corp purchased a new stake in Barings BDC during the second quarter valued at approximately $99,000. FNY Investment Advisers LLC increased its holdings in Barings BDC by 12.4% during the third quarter. FNY Investment Advisers LLC now owns 10,455 shares of the company’s stock valued at $106,000 after buying an additional 1,155 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in Barings BDC during the second quarter valued at approximately $136,000. Finally, Strategic Financial Group LLC bought a new position in Barings BDC in the second quarter worth approximately $192,000. Institutional investors own 70.20% of the company’s stock.
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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