Barings BDC (NYSE:BBDC) Downgraded to Sell at Zacks Investment Research

Barings BDC (NYSE:BBDC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday, Zacks.com reports.

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. “

Separately, ValuEngine downgraded Barings BDC from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 4th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $11.15.

BBDC stock traded down $0.09 during mid-day trading on Tuesday, reaching $10.06. The company had a trading volume of 91,900 shares, compared to its average volume of 176,684. The company has a quick ratio of 4.79, a current ratio of 4.79 and a debt-to-equity ratio of 1.08. The stock has a 50 day simple moving average of $9.99 and a two-hundred day simple moving average of $9.95. Barings BDC has a 52 week low of $8.70 and a 52 week high of $10.34.

Barings BDC (NYSE:BBDC) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). The company had revenue of $19.60 million during the quarter, compared to the consensus estimate of $19.89 million. Barings BDC had a negative net margin of 152.61% and a negative return on equity of 1.28%. Analysts anticipate that Barings BDC will post 0.63 EPS for the current fiscal year.

In other Barings BDC news, Director John Switzer bought 3,000 shares of Barings BDC stock in a transaction dated Wednesday, August 28th. The stock was bought at an average cost of $9.88 per share, for a total transaction of $29,640.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.29% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in BBDC. Alphasimplex Group LLC acquired a new stake in Barings BDC during the 1st quarter worth approximately $613,000. TCW Group Inc. lifted its holdings in Barings BDC by 162.9% during the 1st quarter. TCW Group Inc. now owns 67,836 shares of the company’s stock worth $665,000 after purchasing an additional 42,036 shares during the last quarter. Relative Value Partners Group LLC lifted its holdings in Barings BDC by 5.5% during the 1st quarter. Relative Value Partners Group LLC now owns 966,962 shares of the company’s stock worth $9,486,000 after purchasing an additional 50,336 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its holdings in Barings BDC by 33.8% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,739,254 shares of the company’s stock worth $17,062,000 after purchasing an additional 439,585 shares during the last quarter. Finally, Clearbridge Investments LLC acquired a new stake in Barings BDC during the 1st quarter worth approximately $2,531,000. 96.14% of the stock is owned by institutional investors and hedge funds.

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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