Barings BDC, Inc. (NYSE:BBDC) has been assigned an average recommendation of “Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $9.83.
BBDC has been the topic of several research analyst reports. Zacks Investment Research downgraded Barings BDC from a “buy” rating to a “hold” rating in a research report on Wednesday, April 7th. Jefferies Financial Group raised Barings BDC from a “hold” rating to a “buy” rating and upped their price objective for the company from $9.00 to $11.00 in a research report on Thursday, January 21st. Finally, Raymond James reaffirmed a “buy” rating on shares of Barings BDC in a research report on Thursday, December 24th.
Several institutional investors and hedge funds have recently bought and sold shares of BBDC. Schonfeld Strategic Advisors LLC bought a new position in shares of Barings BDC during the 3rd quarter worth $83,000. Victory Capital Management Inc. bought a new stake in Barings BDC during the fourth quarter valued at about $97,000. Great West Life Assurance Co. Can boosted its position in Barings BDC by 11.9% during the third quarter. Great West Life Assurance Co. Can now owns 20,489 shares of the company’s stock valued at $164,000 after purchasing an additional 2,186 shares in the last quarter. Aperio Group LLC boosted its position in Barings BDC by 26.9% during the fourth quarter. Aperio Group LLC now owns 18,162 shares of the company’s stock valued at $168,000 after purchasing an additional 3,846 shares in the last quarter. Finally, Eagle Ridge Investment Management bought a new stake in Barings BDC during the fourth quarter valued at about $184,000. 74.42% of the stock is currently owned by institutional investors and hedge funds.
Barings BDC (NYSE:BBDC) last released its quarterly earnings results on Monday, March 22nd. The company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Barings BDC had a positive return on equity of 5.71% and a negative net margin of 5.76%. Equities analysts forecast that Barings BDC will post 0.62 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 17th. Stockholders of record on Wednesday, March 10th were given a dividend of $0.19 per share. This is an increase from Barings BDC’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, March 9th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.41%. Barings BDC’s dividend payout ratio is presently 124.59%.
About Barings BDC
Barings BDC, Inc (NYSE: BBDC) is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Barings BDC seeks to invest primarily in senior secured loans to private U.S. middle-market companies that operate across a wide range of industries.
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