Barings Bdc (NYSE:BBDC) Stock Picked Up by Analysts at Lucid Cap Mkts

Stock analysts at Lucid Cap Mkts began coverage on shares of Barings Bdc (NYSE:BBDC) in a note issued to investors on Monday, Zacks reports. The firm set a “hold” rating on the stock.

A number of other research firms have also issued reports on BBDC. Weiss Ratings lowered shares of Barings Bdc from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, September 16th. Wells Fargo & Company boosted their target price on shares of Barings Bdc from $9.50 to $10.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Zacks Research downgraded shares of Barings Bdc from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Raymond James Financial set a $9.00 price target on shares of Barings Bdc in a report on Thursday, October 22nd. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Barings Bdc has a consensus rating of “Hold” and an average target price of $9.50.

Barings Bdc Price Performance

BBDC stock opened at $8.79 on Monday. The firm has a market cap of $920.40 million, a P/E ratio of 10.34 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.09 and a current ratio of 0.10. Barings Bdc has a 1 year low of $7.96 and a 1 year high of $9.53. The stock has a 50-day simple moving average of $8.66 and a 200-day simple moving average of $8.67.

Barings Bdc (NYSE:BBDC) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02). The company had revenue of $64.29 million for the quarter, compared to analyst estimates of $63.54 million. Barings Bdc had a return on equity of 9.57% and a net margin of 34.18%. During the same period last year, the firm posted $0.22 earnings per share. On average, equities analysts predict that Barings Bdc will post 1.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBDC. Northwestern Mutual Wealth Management Co. bought a new position in Barings Bdc during the 2nd quarter worth $28,000. Quantbot Technologies LP bought a new stake in Barings Bdc in the second quarter valued at $35,000. Sanctuary Advisors LLC acquired a new position in shares of Barings Bdc during the second quarter valued at $89,000. Simplicity Wealth LLC acquired a new position in shares of Barings Bdc during the first quarter valued at $91,000. Finally, BIP Wealth LLC acquired a new position in shares of Barings Bdc during the second quarter valued at $96,000. Institutional investors and hedge funds own 44.09% of the company’s stock.

About Barings Bdc

Barings BDC, Inc. is a business development company that provides financing to privately held middle-market businesses, primarily in the United States. Its investments support companies across a range of industries. The company’s investment portfolio is focused mainly on debt, including senior secured and unitranche loans, and may also include subordinated debt and equity investments. These financing options allow Barings BDC to provide capital tailored to the needs of its portfolio companies. Barings BDC is externally managed by Barings LLC, a global investment manager and subsidiary of MassMutual.