ValuEngine downgraded shares of Barings BDC (NYSE:BBDC) from a buy rating to a hold rating in a report released on Monday, February 4th.
Several other analysts have also recently commented on BBDC. Zacks Investment Research cut shares of Barings BDC from a hold rating to a sell rating in a report on Tuesday, December 11th. TheStreet cut shares of Barings BDC from a c- rating to a d+ rating in a report on Thursday, November 29th. National Securities restated a neutral rating and set a $13.00 price target on shares of Barings BDC in a report on Tuesday, November 13th. Finally, Compass Point started coverage on shares of Barings BDC in a report on Monday, February 4th. They set a neutral rating for the company. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $11.31.
Shares of BBDC traded up $0.18 during midday trading on Monday, hitting $9.79. The stock had a trading volume of 667,569 shares, compared to its average volume of 142,100. Barings BDC has a fifty-two week low of $8.70 and a fifty-two week high of $12.40. The stock has a market cap of $502.03 million, a price-to-earnings ratio of 36.93 and a beta of 0.81. The company has a debt-to-equity ratio of 1.25, a current ratio of 224.44 and a quick ratio of 224.44.
Barings BDC (NYSE:BBDC) last announced its earnings results on Thursday, February 28th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Barings BDC had a negative net margin of 50.26% and a positive return on equity of 1.51%. Analysts anticipate that Barings BDC will post 0.67 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 13th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, March 12th. This is a boost from Barings BDC’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 4.90%.
In other news, CFO Jonathan Bock purchased 16,200 shares of the company’s stock in a transaction dated Wednesday, December 19th. The shares were bought at an average price of $9.16 per share, with a total value of $148,392.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Barings Llc purchased 30,441 shares of the company’s stock in a transaction dated Friday, February 8th. The stock was purchased at an average cost of $9.68 per share, for a total transaction of $294,668.88. The disclosure for this purchase can be found here. Insiders acquired 1,405,917 shares of company stock valued at $13,360,875 over the last quarter. Corporate insiders own 3.50% of the company’s stock.
A number of hedge funds have recently made changes to their positions in BBDC. FNY Investment Advisers LLC acquired a new stake in Barings BDC during the fourth quarter worth $43,000. D. E. Shaw & Co. Inc. acquired a new stake in Barings BDC during the fourth quarter worth $120,000. Squarepoint Ops LLC acquired a new stake in Barings BDC during the fourth quarter worth $125,000. Joel Isaacson & Co. LLC acquired a new stake in Barings BDC during the fourth quarter worth $145,000. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Barings BDC by 10.6% in the 4th quarter. Great West Life Assurance Co. Can now owns 16,777 shares of the company’s stock valued at $146,000 after purchasing an additional 1,602 shares in the last quarter. 65.88% of the stock is currently owned by institutional investors and hedge funds.
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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