Barings Bdc (NYSE:BBDC) Downgraded by Zacks Research to “Hold”

Barings Bdc (NYSE:BBDC) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Several other research firms also recently weighed in on BBDC. Lucid Cap Mkts upgraded Barings Bdc to a “hold” rating in a research report on Tuesday, April 28th. Weiss Ratings downgraded Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.50.

Barings Bdc Stock Down 1.6%

Shares of BBDC stock opened at $8.21 on Wednesday. Barings Bdc has a 12 month low of $7.96 and a 12 month high of $9.92. The stock has a market cap of $859.15 million, a P/E ratio of 9.65 and a beta of 0.58. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.25. The company has a 50 day simple moving average of $8.45 and a two-hundred day simple moving average of $8.65.

Barings Bdc (NYSE:BBDC) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.25 earnings per share 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 business had revenue of $54.66 million for the quarter, compared to analysts’ expectations of $62.54 million. During the same quarter last year, the company posted $0.25 EPS. On average, research analysts expect that Barings Bdc will post 1 earnings per share for the current year.

Insider Buying and Selling at Barings Bdc

In other Barings Bdc news, CEO Thomas Mcdonnell acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was purchased at an average price of $8.27 per share, with a total value of $82,700.00. Following the completion of the purchase, the chief executive officer directly owned 26,000 shares in the company, valued at approximately $215,020. The trade was a 62.50% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Private Management Group Inc. boosted its stake in Barings Bdc by 14.6% in the 4th quarter. Private Management Group Inc. now owns 3,765,629 shares of the company’s stock worth $34,568,000 after purchasing an additional 481,172 shares during the period. UBS Group AG raised its position in shares of Barings Bdc by 23.6% during the fourth quarter. UBS Group AG now owns 1,493,751 shares of the company’s stock valued at $13,713,000 after buying an additional 285,272 shares during the last quarter. Invesco Ltd. raised its position in shares of Barings Bdc by 3.6% during the third quarter. Invesco Ltd. now owns 1,160,864 shares of the company’s stock valued at $10,169,000 after buying an additional 40,771 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of Barings Bdc in the fourth quarter worth $9,207,000. Finally, Franklin Resources Inc. boosted its position in shares of Barings Bdc by 7.0% during the third quarter. Franklin Resources Inc. now owns 884,841 shares of the company’s stock worth $7,751,000 after acquiring an additional 58,182 shares during the last quarter. 44.09% of the stock is owned by hedge funds and other 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).