Shares of Barings BDC Inc (NYSE:BBDC) have received an average recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $10.20.
BBDC has been the topic of a number of recent analyst reports. National Securities initiated coverage on shares of Barings BDC in a research report on Wednesday, October 23rd. They issued a “neutral” rating and a $10.00 price target on the stock. Zacks Investment Research downgraded shares of Barings BDC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 1st. Finally, ValuEngine upgraded shares of Barings BDC from a “hold” rating to a “buy” rating in a research report on Friday, October 25th.
In other news, Director John Switzer purchased 3,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were purchased at an average price of $9.88 per share, for a total transaction of $29,640.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.29% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. First Personal Financial Services lifted 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 acquiring an additional 3,000 shares during the period. FNY Investment Advisers LLC lifted its position in shares of Barings BDC by 32.9% during the 2nd quarter. FNY Investment Advisers LLC now owns 9,300 shares of the company’s stock valued at $91,000 after acquiring an additional 2,300 shares during the period. Sigma Planning Corp acquired a new position in shares of Barings BDC during the 2nd quarter valued at $99,000. Allianz Asset Management GmbH acquired a new position in shares of Barings BDC during the 2nd quarter valued at $136,000. Finally, Strategic Financial Group LLC acquired a new position in shares of Barings BDC during the 2nd quarter valued at $192,000. Institutional investors own 95.99% of the company’s stock.
BBDC traded up $0.03 during trading on Wednesday, reaching $10.31. 132,972 shares of the company’s stock were exchanged, compared to its average volume of 89,692. Barings BDC has a one year low of $8.70 and a one year high of $10.41. The company has a current ratio of 4.64, a quick ratio of 4.64 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $525.84 million, a PE ratio of 16.30, a price-to-earnings-growth ratio of 3.27 and a beta of 0.64. The firm has a fifty day moving average price of $10.18 and a two-hundred day moving average price of $10.00.
Barings BDC (NYSE:BBDC) last posted its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.16. Barings BDC had a net margin of 6.67% and a return on equity of 5.48%. The firm had revenue of $19.30 million for the quarter, compared to analyst estimates of $20.34 million. Sell-side analysts expect that Barings BDC will post 0.63 earnings per share for the current year.
The company also recently declared 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 represents a $0.60 dividend on an annualized basis and a dividend yield of 5.82%. This is an increase from Barings BDC’s previous quarterly dividend of $0.14.
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.
Further Reading: Investing strategies using the yield curve
Receive News & Ratings for Barings BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barings BDC and related companies with MarketBeat.com's FREE daily email newsletter.