Barings Bdc, Inc. (NYSE:BBDC – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $9.30, but opened at $9.02. Barings Bdc shares last traded at $9.0550, with a volume of 103,850 shares.
Wall Street Analysts Forecast Growth
BBDC has been the subject of a number of research analyst reports. Zacks Research cut Barings Bdc from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Wells Fargo & Company lifted their target price on Barings Bdc from $9.50 to $10.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Finally, Weiss Ratings raised shares of Barings Bdc from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.75.
Check Out Our Latest Report on Barings Bdc
Barings Bdc Trading Down 2.1%
Barings Bdc (NYSE:BBDC – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $54.58 million for the quarter, compared to analyst estimates of $60.10 million. Barings Bdc had a return on equity of 10.07% and a net margin of 32.73%.During the same period last year, the firm posted $0.28 earnings per share. As a group, equities analysts forecast that Barings Bdc, Inc. will post 1.04 earnings per share for the current fiscal year.
Barings Bdc Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, September 2nd will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 11.4%. The ex-dividend date of this dividend is Wednesday, September 2nd. Barings Bdc’s payout ratio is presently 125.30%.
Hedge Funds Weigh In On Barings Bdc
Several large investors have recently modified their holdings of BBDC. Goldman Sachs Group Inc. acquired a new position in Barings Bdc during the 1st quarter worth about $106,000. Caxton Associates LLP acquired a new stake in shares of Barings Bdc in the first quarter valued at about $216,000. Cetera Investment Advisers increased its stake in shares of Barings Bdc by 8.9% in the second quarter. Cetera Investment Advisers now owns 82,171 shares of the company’s stock valued at $751,000 after buying an additional 6,681 shares during the period. Quantbot Technologies LP bought a new position in shares of Barings Bdc during the second quarter worth about $236,000. Finally, Invesco Ltd. lifted its stake in shares of Barings Bdc by 1.3% in the second quarter. Invesco Ltd. now owns 1,120,093 shares of the company’s stock worth $10,238,000 after acquiring an additional 14,377 shares during the period. Institutional investors own 44.09% of the company’s stock.
Barings Bdc Company Profile
Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.
The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).
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