Barings Bdc (NYSE:BBDC) Raised to “Strong-Buy” at Zacks Research

Barings Bdc (NYSE:BBDC) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other equities analysts also recently commented on BBDC. Weiss Ratings downgraded Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 16th. Lucid Cap Mkts upgraded Barings Bdc to a “hold” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $9.50.

Barings Bdc Stock Down 0.6%

Shares of BBDC opened at $8.10 on Tuesday. The stock has a market cap of $847.63 million, a price-to-earnings ratio of 9.52 and a beta of 0.58. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.25. Barings Bdc has a 12 month low of $7.96 and a 12 month high of $9.92. The company has a 50-day moving average price of $8.62 and a two-hundred day moving average price of $8.73.

Barings Bdc (NYSE:BBDC) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. Barings Bdc had a return on equity of 10.08% and a net margin of 32.45%.The company had revenue of $54.66 million for the quarter, compared to the consensus estimate of $62.54 million. During the same period in the previous year, the business earned $0.25 earnings per share. Equities analysts predict that Barings Bdc will post 1 EPS for the current fiscal year.

Insider Activity

In other Barings Bdc news, CEO Thomas Mcdonnell bought 10,000 shares of Barings Bdc stock in a transaction dated Wednesday, June 3rd. The shares were acquired at an average cost of $8.27 per share, with a total value of $82,700.00. Following the acquisition, the chief executive officer directly owned 26,000 shares of the company’s stock, valued at $215,020. The trade was a 62.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Barings Bdc

Hedge funds and other institutional investors have recently bought and sold shares of the business. MBM Wealth Consultants LLC bought a new position in Barings Bdc in the 1st quarter valued at $30,000. Farther Finance Advisors LLC grew its holdings in shares of Barings Bdc by 65.6% during the fourth quarter. Farther Finance Advisors LLC now owns 3,992 shares of the company’s stock worth $37,000 after purchasing an additional 1,582 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Barings Bdc during the third quarter worth $44,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Barings Bdc in the fourth quarter valued at $46,000. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Barings Bdc in the third quarter valued at $64,000. 44.09% of the stock is owned by institutional investors and hedge funds.

Barings Bdc Company Profile

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).