Shares of Barings BDC Inc (NYSE:BBDC) have earned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $11.20.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Barings BDC from a “sell” rating to a “hold” rating in a research note on Tuesday, December 18th. Compass Point upgraded shares of Barings BDC from a “neutral” rating to a “buy” rating and set a $9.61 price objective on the stock in a research note on Friday, March 1st. Wells Fargo & Co assumed coverage on shares of Barings BDC in a research note on Monday, March 11th. They set an “outperform” rating and a $11.00 price objective on the stock. ValuEngine cut shares of Barings BDC from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Finally, TheStreet cut shares of Barings BDC from a “c-” rating to a “d+” rating in a research note on Thursday, November 29th.
Shares of NYSE BBDC opened at $9.85 on Tuesday. Barings BDC has a fifty-two week low of $8.70 and a fifty-two week high of $12.40. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.01. The stock has a market cap of $502.03 million, a P/E ratio of 197.00, a P/E/G ratio of 2.83 and a beta of 0.79.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 13th were issued a dividend of $0.12 per share. This is a positive change from Barings BDC’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend was Tuesday, March 12th.
In other news, insider Geoff Craddock bought 5,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average cost of $9.83 per share, with a total value of $49,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Barings Llc bought 64,805 shares of the stock in a transaction that occurred on Thursday, January 31st. The shares were purchased at an average cost of $9.87 per share, for a total transaction of $639,625.35. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 851,874 shares of company stock worth $8,095,672. 0.29% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Barings LLC increased its stake in Barings BDC by 42.8% in the 4th quarter. Barings LLC now owns 12,649,088 shares of the company’s stock worth $123,202,000 after purchasing an additional 3,791,507 shares in the last quarter. Bulldog Investors LLC purchased a new position in Barings BDC in the 3rd quarter worth about $7,928,000. West Family Investments Inc. increased its stake in Barings BDC by 221.2% in the 4th quarter. West Family Investments Inc. now owns 368,882 shares of the company’s stock worth $3,324,000 after purchasing an additional 254,048 shares in the last quarter. Southside Capital LLC purchased a new position in Barings BDC in the 4th quarter worth about $2,142,000. Finally, Legal & General Group Plc purchased a new position in Barings BDC in the 3rd quarter worth about $1,860,000. 66.00% of the stock is currently owned by hedge funds and other institutional investors.
About Barings BDC
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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