Barings Bdc (NYSE:BBDC) Upgraded to Strong-Buy at Zacks Research

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

A number of other analysts have also commented on BBDC. Weiss Ratings lowered Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 16th. Lucid Cap Mkts raised Barings Bdc to a “hold” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.50.

Barings Bdc Stock Down 0.6%

Shares of NYSE BBDC opened at $8.10 on Tuesday. The stock has a market capitalization of $847.63 million, a P/E ratio of 9.52 and a beta of 0.58. The company has a 50-day moving average price of $8.62 and a 200-day moving average price of $8.73. Barings Bdc has a 1 year low of $7.96 and a 1 year high of $9.92. 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 posted its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. Barings Bdc had a net margin of 32.45% and a return on equity of 10.08%. The company had revenue of $54.66 million during the quarter, compared to the consensus estimate of $62.54 million. During the same period in the previous year, the firm posted $0.25 earnings per share. On average, equities research analysts forecast that Barings Bdc will post 1 EPS for the current fiscal year.

Insider Buying and Selling

In other Barings Bdc news, CEO Thomas Mcdonnell bought 10,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were purchased at an average price of $8.27 per share, for a total transaction of $82,700.00. Following the purchase, the chief executive officer directly owned 26,000 shares of the company’s stock, valued at approximately $215,020. This represents a 62.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Barings Bdc

A number of hedge funds have recently made changes to their positions in BBDC. Cobblestone Capital Advisors LLC NY increased its holdings in Barings Bdc by 8.0% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 15,464 shares of the company’s stock worth $135,000 after buying an additional 1,149 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Barings Bdc by 0.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 149,937 shares of the company’s stock valued at $1,369,000 after acquiring an additional 1,228 shares during the period. Financial Gravity Asset Management Inc. grew its position in shares of Barings Bdc by 7.4% during 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 period. Ausdal Financial Partners Inc. increased its stake in shares of Barings Bdc by 5.0% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 29,403 shares of the company’s stock worth $269,000 after purchasing an additional 1,408 shares during the last quarter. Finally, Creative Planning increased its stake in shares of Barings Bdc by 5.1% during the 3rd quarter. Creative Planning now owns 29,375 shares of the company’s stock worth $257,000 after purchasing an additional 1,432 shares during the last quarter. 44.09% of the stock is currently owned by institutional investors.

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).