Barings Bdc (NYSE:BBDC) Now Covered by Analysts at Lucid Cap Mkts

Lucid Cap Mkts assumed coverage on shares of Barings Bdc (NYSE:BBDC) in a research report released on Monday,Zacks reports. The firm issued a hold rating on the stock.

Several other equities research analysts have also recently commented on BBDC. Zacks Research cut shares of Barings Bdc from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Raymond James Financial set a $9.00 price objective on Barings Bdc in a report on Thursday, October 22nd. Weiss Ratings downgraded Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, September 16th. Finally, Wells Fargo & Company upped their target price on Barings Bdc from $9.50 to $10.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.50.

Barings Bdc Stock Up 0.3%

Shares of Barings Bdc stock opened at $8.79 on Monday. The firm has a market cap of $920.40 million, a PE ratio of 10.34 and a beta of 0.65. The business’s 50 day simple moving average is $8.66 and its 200 day simple moving average is $8.67. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.09 and a current ratio of 0.10. Barings Bdc has a 52-week low of $7.96 and a 52-week high of $9.53.

Barings Bdc (NYSE:BBDC) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). The business had revenue of $64.29 million for the quarter, compared to the consensus estimate of $63.54 million. Barings Bdc had a return on equity of 9.57% and a net margin of 34.18%. During the same period in the prior year, the business earned $0.22 earnings per share. On average, analysts predict that Barings Bdc will post 1.04 earnings per share for the current fiscal year.

Barings Bdc Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Wednesday, December 2nd will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, December 2nd. This represents a $1.04 annualized dividend and a dividend yield of 11.8%. Barings Bdc’s payout ratio is currently 122.35%.

Hedge Funds Weigh In On Barings Bdc

Hedge funds and other institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC bought a new position in shares of Barings Bdc during the 3rd quarter worth approximately $141,000. FreeGulliver LLC raised its stake in Barings Bdc by 48.2% in the 3rd quarter. FreeGulliver LLC now owns 110,243 shares of the company’s stock valued at $950,000 after acquiring an additional 35,834 shares during the period. Russell Investments Group Ltd. raised its stake in Barings Bdc by 3.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,271,275 shares of the company’s stock valued at $10,958,000 after acquiring an additional 36,763 shares during the period. Private Management Group Inc. raised its stake in Barings Bdc by 2.3% in the 3rd quarter. Private Management Group Inc. now owns 4,890,673 shares of the company’s stock valued at $42,158,000 after acquiring an additional 110,949 shares during the period. Finally, Ethic Inc. acquired a new stake in Barings Bdc during the 3rd quarter valued at $687,000. Institutional investors own 44.09% of the company’s stock.

Barings Bdc Company Profile

Barings BDC, Inc. is a business development company that provides financing to privately held middle-market businesses, primarily in the United States. Its investments support companies across a range of industries. The company’s investment portfolio is focused mainly on debt, including senior secured and unitranche loans, and may also include subordinated debt and equity investments. These financing options allow Barings BDC to provide capital tailored to the needs of its portfolio companies. Barings BDC is externally managed by Barings LLC, a global investment manager and subsidiary of MassMutual.