According to Zacks, “Barings BDC, Inc. is an externally managed business development company which primarily makes debt investments in middle market companies. The company is primarily managed by Barings, LLC, a premier global asset manager. Barings BDC Inc., formerly known as TRIANGLE CAPITAL CORPORATION, is based in Charlotte, United States. “
Several other equities analysts have also issued reports on the company. Jefferies Financial Group upgraded Barings BDC from a hold rating to a buy rating and lifted their price target for the company from $9.00 to $11.00 in a research note on Thursday, January 21st. Raymond James reiterated a buy rating on shares of Barings BDC in a research note on Thursday, December 24th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $10.00.
Barings BDC (NYSE:BBDC) last posted its quarterly earnings data on Monday, March 22nd. The company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02. Barings BDC had a positive return on equity of 5.71% and a negative net margin of 5.76%. Sell-side analysts expect that Barings BDC will post 0.62 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 17th. Investors of record on Wednesday, March 10th were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, March 9th. This represents a $0.76 dividend on an annualized basis and a yield of 7.44%. This is a positive change from Barings BDC’s previous quarterly dividend of $0.17. Barings BDC’s payout ratio is currently 124.59%.
Hedge funds have recently modified their holdings of the stock. Punch & Associates Investment Management Inc. grew its position in Barings BDC by 43.7% during the 4th quarter. Punch & Associates Investment Management Inc. now owns 3,157,881 shares of the company’s stock worth $29,053,000 after acquiring an additional 959,979 shares during the last quarter. California Public Employees Retirement System grew its position in Barings BDC by 3.1% during the 3rd quarter. California Public Employees Retirement System now owns 79,500 shares of the company’s stock worth $636,000 after acquiring an additional 2,400 shares during the last quarter. Truist Financial Corp grew its position in Barings BDC by 2.1% during the 3rd quarter. Truist Financial Corp now owns 66,377 shares of the company’s stock worth $531,000 after acquiring an additional 1,381 shares during the last quarter. Wells Fargo & Company MN grew its position in Barings BDC by 13.1% during the 4th quarter. Wells Fargo & Company MN now owns 517,948 shares of the company’s stock worth $4,765,000 after acquiring an additional 60,093 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in Barings BDC during the 4th quarter worth $1,300,000. Institutional investors and hedge funds own 74.42% of the company’s stock.
About Barings BDC
Barings BDC, Inc (NYSE: BBDC) is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Barings BDC seeks to invest primarily in senior secured loans to private U.S. middle-market companies that operate across a wide range of industries.
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