Barings Bdc (NYSE:BBDC) Upgraded 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 research report issued to clients and investors on Tuesday,Zacks.com reports.

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

Barings Bdc Stock Performance

Shares of BBDC stock opened at $8.10 on Tuesday. The stock has a market capitalization of $847.63 million, a PE ratio of 9.52 and a beta of 0.58. The business’s 50 day simple moving average is $8.62 and its 200 day simple moving average is $8.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.12 and a quick ratio of 0.12. Barings Bdc has a one year low of $7.96 and a one year high of $9.92.

Barings Bdc (NYSE:BBDC) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. Barings Bdc had a net margin of 32.45% and a return on equity of 10.08%. The firm had revenue of $54.66 million for the quarter, compared to the consensus estimate of $62.54 million. During the same quarter in the previous year, the company earned $0.25 EPS. As a group, research analysts forecast that Barings Bdc will post 1 earnings per share for the current year.

Insider Transactions at Barings Bdc

In related news, CEO Thomas Mcdonnell purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was purchased at an average cost of $8.27 per share, with a total value of $82,700.00. Following the completion of the purchase, the chief executive officer owned 26,000 shares in the company, valued at approximately $215,020. This trade represents a 62.50% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Barings Bdc

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBDC. Goldman Sachs Group Inc. bought a new position in Barings Bdc in the first quarter worth approximately $106,000. Caxton Associates LLP bought a new stake in shares of Barings Bdc during the first quarter valued at approximately $216,000. Cetera Investment Advisers increased its holdings in shares of Barings Bdc by 8.9% during the second quarter. Cetera Investment Advisers now owns 82,171 shares of the company’s stock valued at $751,000 after acquiring an additional 6,681 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Barings Bdc during the second quarter worth approximately $236,000. Finally, Invesco Ltd. raised its position in shares of Barings Bdc by 1.3% during the second quarter. Invesco Ltd. now owns 1,120,093 shares of the company’s stock worth $10,238,000 after purchasing an additional 14,377 shares during the period. 44.09% of the stock is owned by institutional investors.

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).