Brokerages Expect Barings BDC Inc (BBDC) to Announce $0.15 EPS

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Shares of Barings BDC Inc (NYSE:BBDC) have earned a consensus broker rating score of 3.00 (Hold) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company.

Analysts have set a twelve-month consensus price objective of $10.69 for the company and are expecting that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Barings BDC an industry rank of 104 out of 256 based on the ratings given to its competitors.

A number of research firms have weighed in on BBDC. ValuEngine upgraded shares of Barings BDC from a “hold” rating to a “buy” rating in a research report on Monday, November 12th. National Securities reiterated a “neutral” rating and set a $13.00 price objective on shares of Barings BDC in a research report on Tuesday, November 13th. Zacks Investment Research upgraded shares of Barings BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, November 13th. Finally, TheStreet cut shares of Barings BDC from a “c-” rating to a “d+” rating in a research report on Thursday, November 29th.

BBDC traded up $0.03 during trading hours on Thursday, hitting $9.90. The company’s stock had a trading volume of 205,659 shares, compared to its average volume of 187,003. Barings BDC has a 12 month low of $8.70 and a 12 month high of $12.40. The stock has a market capitalization of $506.13 million, a PE ratio of 6.39 and a beta of 0.75. The company has a debt-to-equity ratio of 1.25, a quick ratio of 224.44 and a current ratio of 224.44.

Barings BDC (NYSE:BBDC) last announced its quarterly earnings results on Thursday, November 8th. The company reported ($0.59) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.63). Barings BDC had a positive return on equity of 1.51% and a negative net margin of 50.26%. The business had revenue of $12.07 million during the quarter, compared to the consensus estimate of $8.27 million. As a group, research analysts forecast that Barings BDC will post 0.66 earnings per share for the current year.

In related news, insider C. Robert Jr. Knox purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, November 14th. The shares were purchased at an average cost of $10.15 per share, for a total transaction of $101,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Barings Llc purchased 25,500 shares of the business’s stock in a transaction dated Monday, November 5th. The stock was bought at an average price of $10.01 per share, for a total transaction of $255,255.00. The disclosure for this purchase can be found here. Insiders have acquired 1,863,960 shares of company stock worth $17,985,097 in the last quarter. Company insiders own 3.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new position in shares of Barings BDC in the fourth quarter worth about $43,000. Joel Isaacson & Co. LLC bought a new position in shares of Barings BDC in the fourth quarter worth about $145,000. Virtu Financial LLC bought a new position in shares of Barings BDC in the fourth quarter worth about $203,000. BW Gestao de Investimentos Ltda. bought a new position in shares of Barings BDC in the third quarter worth about $451,000. Finally, Legal & General Group Plc bought a new position in shares of Barings BDC in the third quarter worth about $1,860,000. Hedge funds and other institutional investors own 59.27% of the company’s stock.

Barings BDC Company Profile

Barings BDC, Inc (NYSE:BBDC) is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies.

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