Barings BDC (NYSE:BBDC) Upgraded to C- at TheStreet

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Barings BDC (NYSE:BBDC) was upgraded by equities research analysts at TheStreet from a “d+” rating to a “c-” rating in a research report issued to clients and investors on Friday, TheStreetRatingsTable reports.

Several other brokerages also recently commented on BBDC. ValuEngine downgraded Barings BDC from a “buy” rating to a “hold” rating in a research note on Tuesday. National Securities initiated coverage on shares of Barings BDC in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $10.00 price target on the stock. Finally, Zacks Investment Research lowered shares of Barings BDC from a “hold” rating to a “sell” rating in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $10.40.

BBDC opened at $10.35 on Friday. Barings BDC has a fifty-two week low of $8.70 and a fifty-two week high of $10.48. The firm has a market capitalization of $533.01 million, a PE ratio of 16.52, a P/E/G ratio of 3.32 and a beta of 0.68. The company has a debt-to-equity ratio of 1.10, a current ratio of 4.64 and a quick ratio of 4.64. The company’s 50-day moving average is $10.27 and its 200 day moving average is $10.04.

Barings BDC (NYSE:BBDC) last issued its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $19.30 million for the quarter, compared to analysts’ expectations of $20.34 million. Barings BDC had a net margin of 6.67% and a return on equity of 5.48%. As a group, analysts expect that Barings BDC will post 0.63 EPS for the current year.

In other Barings BDC news, insider Thomas F. Finke bought 8,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were acquired at an average cost of $10.30 per share, for a total transaction of $82,400.00. Following the purchase, the insider now directly owns 10,000 shares of the company’s stock, valued at $103,000. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.29% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Strategic Financial Group LLC bought a new position in Barings BDC in the second quarter valued at $192,000. Sigma Planning Corp bought a new position in shares of Barings BDC during the 2nd quarter valued at $99,000. Wells Fargo & Company MN raised its position in Barings BDC by 10.6% in the 2nd quarter. Wells Fargo & Company MN now owns 255,689 shares of the company’s stock worth $2,516,000 after purchasing an additional 24,459 shares during the period. Mckinley Capital Management LLC Delaware grew its position in Barings BDC by 4.0% during the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 252,889 shares of the company’s stock worth $2,488,000 after acquiring an additional 9,810 shares during the last quarter. Finally, BB&T Securities LLC increased its stake in Barings BDC by 4.2% in the 2nd quarter. BB&T Securities LLC now owns 69,654 shares of the company’s stock worth $685,000 after purchasing an additional 2,778 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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