ValuEngine Downgrades Barings BDC (NYSE:BBDC) to Hold

ValuEngine cut shares of Barings BDC (NYSE:BBDC) from a buy rating to a hold rating in a research report report published on Tuesday, ValuEngine reports.

BBDC has been the subject of several other research reports. National Securities started coverage on shares of Barings BDC in a research note on Wednesday, October 23rd. They issued a neutral rating and a $10.00 target price for the company. Zacks Investment Research lowered shares of Barings BDC from a hold rating to a sell rating in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $10.40.

Barings BDC stock opened at $10.38 on Tuesday. Barings BDC has a fifty-two week low of $8.70 and a fifty-two week high of $10.48. The company has a market capitalization of $529.43 million, a price-to-earnings ratio of 16.52, a PEG ratio of 3.32 and a beta of 0.68. The stock has a fifty day moving average of $10.29 and a two-hundred day moving average of $10.04. The company has a debt-to-equity ratio of 1.10, a quick ratio of 4.64 and a current ratio of 4.64.

Barings BDC (NYSE:BBDC) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. The business had revenue of $19.30 million for the quarter, compared to the consensus estimate of $20.34 million. Barings BDC had a return on equity of 5.48% and a net margin of 6.67%. On average, analysts forecast that Barings BDC will post 0.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 11th will be paid a dividend of $0.15 per share. This is an increase from Barings BDC’s previous quarterly dividend of $0.14. The ex-dividend date is Tuesday, December 10th. This represents a $0.60 annualized dividend and a dividend yield of 5.78%.

In other news, insider Thomas F. Finke bought 8,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was purchased at an average cost of $10.30 per share, with a total value of $82,400.00. Following the purchase, the insider now owns 10,000 shares of the company’s stock, valued at $103,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC grew its holdings in Barings BDC by 12.4% in the third quarter. FNY Investment Advisers LLC now owns 10,455 shares of the company’s stock valued at $106,000 after purchasing an additional 1,155 shares during the period. D. E. Shaw & Co. Inc. raised its stake in Barings BDC by 2.6% during the second quarter. D. E. Shaw & Co. Inc. now owns 86,385 shares of the company’s stock worth $850,000 after purchasing an additional 2,175 shares during the period. BB&T Securities LLC boosted its holdings in shares of Barings BDC by 4.2% in the 2nd quarter. BB&T Securities LLC now owns 69,654 shares of the company’s stock valued at $685,000 after purchasing an additional 2,778 shares during the last quarter. First Personal Financial Services boosted its holdings in shares of Barings BDC by 150.0% in 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. Finally, California Public Employees Retirement System grew its stake in shares of Barings BDC by 45.2% during the 3rd quarter. California Public Employees Retirement System now owns 22,500 shares of the company’s stock valued at $228,000 after buying an additional 7,000 shares during the period. Hedge funds and other institutional investors own 70.20% of the company’s stock.

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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