Lucid Cap Mkts Begins Coverage on Barings Bdc (NYSE:BBDC)

Equities researchers at Lucid Cap Mkts initiated coverage on shares of Barings Bdc (NYSE:BBDC) in a research note issued on Monday, Zacks reports. The brokerage set a “hold” rating on the stock.

A number of other equities research analysts have also recently commented on BBDC. Weiss Ratings cut Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, September 16th. Raymond James Financial set a $9.00 price target on Barings Bdc in a report on Thursday, October 22nd. Wells Fargo & Company increased their price target on Barings Bdc from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Finally, Zacks Research downgraded Barings Bdc from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $9.50.

Barings Bdc Stock Performance

Shares of NYSE BBDC opened at $8.79 on Monday. The company has a market capitalization of $920.40 million, a PE ratio of 10.34 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.09 and a current ratio of 0.10. The company’s fifty day moving average price is $8.66 and its 200 day moving average price is $8.67. Barings Bdc has a 1 year low of $7.96 and a 1 year high of $9.53.

Barings Bdc (NYSE:BBDC) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The firm had revenue of $64.29 million during the quarter, compared to analysts’ expectations of $63.54 million. Barings Bdc had a net margin of 34.18% and a return on equity of 9.57%. During the same period in the previous year, the firm posted $0.22 EPS. On average, research analysts predict that Barings Bdc will post 1.04 earnings per share for the current year.

Institutional Trading of Barings Bdc

A number of institutional investors and hedge funds have recently modified their holdings of BBDC. Private Management Group Inc. raised its position in shares of Barings Bdc by 2.3% during the 3rd quarter. Private Management Group Inc. now owns 4,890,673 shares of the company’s stock worth $42,158,000 after purchasing an additional 110,949 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Barings Bdc by 26.6% in the 2nd quarter. Van ECK Associates Corp now owns 2,309,564 shares of the company’s stock worth $19,677,000 after buying an additional 484,649 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Barings Bdc by 3.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,271,275 shares of the company’s stock worth $10,958,000 after buying an additional 36,763 shares during the last quarter. Legal & General Group Plc acquired a new stake in Barings Bdc in the 2nd quarter worth about $7,483,000. Finally, Bank of America Corp DE purchased a new stake in Barings Bdc during the 2nd quarter worth approximately $5,885,000. Hedge funds and other institutional investors own 44.09% of the company’s stock.

Barings Bdc Company Profile

Barings BDC, Inc. is a business development company that provides financing to privately held middle-market businesses, primarily in the United States. Its investments support companies across a range of industries. The company’s investment portfolio is focused mainly on debt, including senior secured and unitranche loans, and may also include subordinated debt and equity investments. These financing options allow Barings BDC to provide capital tailored to the needs of its portfolio companies. Barings BDC is externally managed by Barings LLC, a global investment manager and subsidiary of MassMutual.