Barings Bdc (NYSE:BBDC) Sees Large Volume Increase – Still a Buy?

Barings Bdc, Inc. (NYSE:BBDC) shares saw unusually-strong trading volume on Tuesday . Approximately 672,184 shares traded hands during mid-day trading, an increase of 10% from the previous session’s volume of 613,075 shares.The stock last traded at $9.1150 and had previously closed at $9.09.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Weiss Ratings raised Barings Bdc from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 11th. Wells Fargo & Company dropped their price objective on Barings Bdc from $10.00 to $9.50 and set an “overweight” rating on the stock in a report on Monday, November 10th. Finally, Keefe, Bruyette & Woods reduced their target price on Barings Bdc from $10.00 to $9.50 and set a “market perform” rating for the company in a research note on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Barings Bdc presently has a consensus rating of “Moderate Buy” and an average target price of $9.67.

Barings Bdc Stock Performance

The stock’s 50-day moving average price is $9.07 and its 200-day moving average price is $9.09. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $959.06 million, a P/E ratio of 9.40 and a beta of 0.60.

Barings Bdc (NYSE:BBDC) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Barings Bdc had a net margin of 36.01% and a return on equity of 10.11%. The company had revenue of $65.28 million for the quarter, compared to analyst estimates of $67.66 million. As a group, equities analysts expect that Barings Bdc, Inc. will post 1.13 EPS for the current year.

Institutional Investors Weigh In On Barings Bdc

Hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its holdings in Barings Bdc by 65.6% in the 4th quarter. Farther Finance Advisors LLC now owns 3,992 shares of the company’s stock worth $37,000 after buying an additional 1,582 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Barings Bdc during the 3rd quarter worth $38,000. Mather Group LLC. bought a new position in shares of Barings Bdc in the third quarter worth $44,000. BNP Paribas Financial Markets acquired a new position in shares of Barings Bdc during the third quarter valued at $44,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Barings Bdc during the fourth quarter valued at about $46,000. Institutional investors own 44.09% of the company’s stock.

About Barings Bdc

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).