Barings BDC Inc (NYSE:BBDC) Receives Consensus Rating of “Hold” from Brokerages

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Barings BDC Inc (NYSE:BBDC) has earned an average rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $10.20.

BBDC has been the subject of a number of recent research reports. Zacks Investment Research downgraded Barings BDC from a “hold” rating to a “sell” rating in a research note on Tuesday, October 1st. ValuEngine downgraded shares of Barings BDC from a “buy” rating to a “hold” rating in a research note on Tuesday. National Securities began coverage on shares of Barings BDC in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $10.00 price objective for the company. Finally, TheStreet raised shares of Barings BDC from a “d+” rating to a “c-” rating in a research note on Friday.

Shares of BBDC opened at $10.35 on Tuesday. Barings BDC has a 1-year low of $8.70 and a 1-year high of $10.48. The firm’s 50-day moving average price is $10.27 and its 200-day moving average price is $10.04. 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 firm has a market capitalization of $533.01 million, a price-to-earnings ratio of 16.52, a PEG ratio of 3.32 and a beta of 0.68.

Barings BDC (NYSE:BBDC) last announced its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. Barings BDC had a return on equity of 5.48% and a net margin of 6.67%. The firm had revenue of $19.30 million during the quarter, compared to analyst estimates of $20.34 million. On average, research analysts forecast that Barings BDC will post 0.63 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 11th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.80%. This is an increase from Barings BDC’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Tuesday, December 10th.

In related news, insider Thomas F. Finke bought 8,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average price of $10.30 per share, with a total value of $82,400.00. Following the completion of the purchase, the insider now directly owns 10,000 shares of the company’s stock, valued at $103,000. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.29% of the company’s stock.

Several large investors have recently modified their holdings of the company. Barings LLC acquired a new stake in shares of Barings BDC during the second quarter worth approximately $134,214,000. Rivernorth Capital Management LLC increased its position in shares of Barings BDC by 14.7% during the 2nd quarter. Rivernorth Capital Management LLC now owns 3,002,031 shares of the company’s stock valued at $29,540,000 after purchasing an additional 385,563 shares during the last quarter. Brown Advisory Inc. raised its holdings in shares of Barings BDC by 15.9% during the 2nd quarter. Brown Advisory Inc. now owns 2,587,285 shares of the company’s stock valued at $25,459,000 after buying an additional 355,900 shares in the last quarter. UBS Group AG raised its holdings in shares of Barings BDC by 8.0% during the 2nd quarter. UBS Group AG now owns 2,051,198 shares of the company’s stock valued at $20,183,000 after buying an additional 152,229 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its position in Barings BDC by 1.2% in the 3rd quarter. Confluence Investment Management LLC now owns 919,322 shares of the company’s stock worth $9,331,000 after buying an additional 11,203 shares during the last quarter. 70.20% of the stock is currently owned by hedge funds and other institutional investors.

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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