Barings BDC (NYSE:BBDC) PT Lowered to $11.00 at Raymond James

Barings BDC (NYSE:BBDCGet Rating) had its price target decreased by Raymond James from $11.50 to $11.00 in a research report released on Monday, Benzinga reports. Raymond James currently has an outperform rating on the stock.

A number of other brokerages have also issued reports on BBDC. TheStreet lowered Barings BDC from a b rating to a c rating in a research report on Monday, August 22nd. Keefe, Bruyette & Woods lowered Barings BDC from an outperform rating to a market perform rating and dropped their target price for the stock from $10.50 to $10.00 in a research report on Monday, November 14th. Finally, Wells Fargo & Company lifted their target price on Barings BDC from $9.00 to $10.00 and gave the stock an overweight rating in a research report on Monday, November 14th.

Barings BDC Trading Down 1.5 %

NYSE:BBDC opened at $9.12 on Monday. The business’s 50-day moving average is $8.76 and its two-hundred day moving average is $9.48. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.33 and a quick ratio of 0.33. Barings BDC has a 12 month low of $7.89 and a 12 month high of $11.28. The firm has a market capitalization of $992.53 million, a PE ratio of 31.45 and a beta of 0.65.

Barings BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Wednesday, December 7th will be paid a $0.24 dividend. The ex-dividend date is Tuesday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 10.53%. Barings BDC’s dividend payout ratio (DPR) is 331.03%.

Hedge Funds Weigh In On Barings BDC

A number of hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors grew its stake in Barings BDC by 6.2% in the third quarter. Captrust Financial Advisors now owns 78,191 shares of the company’s stock worth $647,000 after purchasing an additional 4,577 shares in the last quarter. CreativeOne Wealth LLC grew its stake in Barings BDC by 13.5% in the third quarter. CreativeOne Wealth LLC now owns 34,136 shares of the company’s stock worth $282,000 after purchasing an additional 4,060 shares in the last quarter. BNP Paribas Arbitrage SNC acquired a new position in Barings BDC in the third quarter worth about $60,000. Neuberger Berman Group LLC grew its stake in Barings BDC by 3.4% in the third quarter. Neuberger Berman Group LLC now owns 377,164 shares of the company’s stock worth $3,119,000 after purchasing an additional 12,518 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in Barings BDC by 9.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 27,985 shares of the company’s stock valued at $231,000 after acquiring an additional 2,363 shares during the period. 48.53% of the stock is currently owned by institutional investors and hedge funds.

About Barings BDC

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Barings BDC, Inc is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries.

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