Barings BDC (NYSE:BBDC) Upgraded by TheStreet to “C-“

Barings BDC (NYSE:BBDC) was upgraded by stock analysts at TheStreet from a “d+” rating to a “c-” rating in a research note issued on Friday, TheStreetRatingsTable reports.

A number of other equities research analysts also recently issued reports on the stock. ValuEngine downgraded shares of Barings BDC from a “buy” rating to a “hold” rating in a research note on Tuesday. National Securities assumed coverage on shares of Barings BDC in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $10.00 price objective for the company. Finally, Zacks Investment Research cut shares of Barings BDC from a “hold” rating to a “sell” rating in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Barings BDC has a consensus rating of “Hold” and an average price target of $10.40.

NYSE:BBDC opened at $10.35 on Friday. The company has a market cap of $533.01 million, a price-to-earnings ratio of 16.52, a PEG ratio of 3.32 and a beta of 0.68. Barings BDC has a 1 year low of $8.70 and a 1 year high of $10.48. The stock’s 50 day simple moving average is $10.27 and its two-hundred day simple moving average is $10.04. The company has a debt-to-equity ratio of 1.10, a current ratio of 4.64 and a quick ratio of 4.64.

Barings BDC (NYSE:BBDC) last posted its earnings results on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. Barings BDC had a return on equity of 5.48% and a net margin of 6.67%. The firm had revenue of $19.30 million during the quarter, compared to the consensus estimate of $20.34 million. As a group, analysts anticipate that Barings BDC will post 0.63 EPS for the current year.

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In other news, insider Thomas F. Finke acquired 8,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was bought at an average cost of $10.30 per share, with a total value of $82,400.00. Following the completion of the purchase, the insider now directly owns 10,000 shares of the company’s stock, valued at $103,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the business. First Personal Financial Services grew its stake in shares of Barings BDC by 150.0% during the third quarter. First Personal Financial Services now owns 5,000 shares of the company’s stock valued at $51,000 after buying an additional 3,000 shares during the last quarter. Sigma Planning Corp purchased a new stake in shares of Barings BDC in the second quarter worth approximately $99,000. FNY Investment Advisers LLC raised its holdings in shares of Barings BDC by 12.4% in the third quarter. FNY Investment Advisers LLC now owns 10,455 shares of the company’s stock worth $106,000 after buying an additional 1,155 shares during the period. Allianz Asset Management GmbH bought a new stake in shares of Barings BDC during the 2nd quarter worth approximately $136,000. Finally, Strategic Financial Group LLC bought a new stake in shares of Barings BDC during the 2nd quarter worth approximately $192,000. Institutional investors and hedge funds own 70.20% of the company’s stock.

Barings BDC Company Profile

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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