Barings Bdc (NYSE:BBDC) Stock Rating Lowered by Zacks Research

Barings Bdc (NYSE:BBDC) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Lucid Cap Mkts upgraded shares of Barings Bdc to a “hold” rating in a report on Tuesday, April 28th. Weiss Ratings cut shares of Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $9.50.

Barings Bdc Trading Down 1.6%

Shares of NYSE:BBDC opened at $8.21 on Wednesday. The business’s 50-day moving average is $8.45 and its 200 day moving average is $8.65. Barings Bdc has a 1 year low of $7.96 and a 1 year high of $9.92. The firm has a market capitalization of $859.15 million, a P/E ratio of 9.65 and a beta of 0.58. 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 (NYSE:BBDC) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. The business had revenue of $54.66 million during the quarter, compared to the consensus estimate of $62.54 million. Barings Bdc had a return on equity of 10.08% and a net margin of 32.45%.During the same quarter last year, the company earned $0.25 earnings per share. On average, research analysts predict that Barings Bdc will post 1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Thomas Mcdonnell purchased 10,000 shares of the stock in a transaction on Wednesday, June 3rd. The stock was bought at an average price of $8.27 per share, with a total value of $82,700.00. Following the transaction, the chief executive officer owned 26,000 shares in the company, valued at $215,020. The trade was a 62.50% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Barings Bdc

Institutional investors and hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its position in Barings Bdc by 0.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 149,937 shares of the company’s stock worth $1,369,000 after buying an additional 1,228 shares during the last quarter. Financial Gravity Asset Management Inc. boosted its holdings in shares of Barings Bdc by 7.4% in the 4th quarter. Financial Gravity Asset Management Inc. now owns 19,761 shares of the company’s stock valued at $181,000 after acquiring an additional 1,369 shares during the last quarter. Ausdal Financial Partners Inc. boosted its holdings in shares of Barings Bdc by 5.0% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 29,403 shares of the company’s stock valued at $269,000 after acquiring an additional 1,408 shares during the last quarter. Creative Planning increased its stake in shares of Barings Bdc by 5.1% in the third quarter. Creative Planning now owns 29,375 shares of the company’s stock worth $257,000 after acquiring an additional 1,432 shares during the period. Finally, Castleview Partners LLC increased its stake in shares of Barings Bdc by 11.9% in the fourth quarter. Castleview Partners LLC now owns 13,566 shares of the company’s stock worth $125,000 after acquiring an additional 1,441 shares during the period. Institutional investors and hedge funds own 44.09% of the company’s stock.

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).