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

Zacks Research lowered shares of Barings Bdc (NYSE:BBDC) from a strong-buy rating to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Lucid Cap Mkts upgraded Barings Bdc to a “hold” rating in a research report on Tuesday, April 28th. Weiss Ratings downgraded shares of Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.50.

Barings Bdc Trading Down 1.6%

Shares of NYSE:BBDC 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 PE ratio of 9.65 and a beta of 0.58. The business has a 50 day moving average of $8.45 and a 200-day moving average of $8.65. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.25.

Barings Bdc (NYSE:BBDC) last posted its earnings results on Thursday, May 7th. The company reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. The company had revenue of $54.66 million for the quarter, compared to the consensus estimate of $62.54 million. Barings Bdc had a return on equity of 10.08% and a net margin of 32.45%.During the same quarter in the prior year, the business earned $0.25 earnings per share. As a group, equities research analysts forecast that Barings Bdc will post 1 earnings per share for the current year.

Barings Bdc Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, June 3rd were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $1.04 annualized dividend and a yield of 12.7%. Barings Bdc’s dividend payout ratio is presently 122.35%.

Insider Buying and Selling at Barings Bdc

In other news, CEO Thomas Mcdonnell bought 10,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was purchased at an average cost of $8.27 per share, for a total transaction of $82,700.00. Following the completion of the transaction, the chief executive officer owned 26,000 shares of the company’s stock, valued at $215,020. This trade represents a 62.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Barings Bdc

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Muzinich & Co. Inc. grew its holdings in Barings Bdc by 43.8% during the 4th quarter. Muzinich & Co. Inc. now owns 698,945 shares of the company’s stock worth $6,416,000 after acquiring an additional 212,847 shares during the period. GraniteShares Advisors LLC acquired a new position in shares of Barings Bdc in the 4th quarter valued at about $2,742,000. Closed End Fund Advisors Inc. bought a new stake in shares of Barings Bdc during the 4th quarter valued at about $1,776,000. Legal & General Group Plc grew its stake in Barings Bdc by 18.6% during the fourth quarter. Legal & General Group Plc now owns 750,732 shares of the company’s stock worth $6,895,000 after purchasing an additional 117,776 shares during the period. Finally, Private Management Group Inc. grew its stake in Barings Bdc by 14.6% during the fourth 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. Institutional investors and hedge funds own 44.09% of the company’s stock.

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).