Barings BDC (NYSE:BBDC) Upgraded at Zacks Investment Research


Barings BDC (NYSE:BBDCGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday, Zacks.com reports. The firm currently has a $12.00 price objective on the stock. Zacks Investment Research‘s price target indicates a potential upside of 17.19% from the company’s previous close.

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. “

BBDC has been the subject of several other research reports. Wells Fargo & Company dropped their price target on Barings BDC from $13.00 to $12.50 and set an “overweight” rating for the company in a research report on Monday. TheStreet downgraded Barings BDC from a “b-” rating to a “c” rating in a research report on Monday, April 4th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Barings BDC has a consensus rating of “Buy” and a consensus target price of $12.05.

Barings BDC stock traded down $0.30 during mid-day trading on Tuesday, hitting $10.24. 971,868 shares of the company were exchanged, compared to its average volume of 514,934. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.17 and a quick ratio of 0.17. The business’s 50 day simple moving average is $10.52 and its two-hundred day simple moving average is $10.84. The company has a market capitalization of $668.84 million, a P/E ratio of 8.61 and a beta of 0.61. Barings BDC has a 12-month low of $9.83 and a 12-month high of $11.55.

Barings BDC (NYSE:BBDCGet Rating) last released its quarterly earnings results on Wednesday, February 23rd. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. The company had revenue of $36.61 million during the quarter, compared to the consensus estimate of $33.69 million. Barings BDC had a return on equity of 7.97% and a net margin of 57.40%. During the same quarter last year, the business posted $0.19 earnings per share. Equities research analysts predict that Barings BDC will post 0.94 earnings per share for the current year.

Several large investors have recently made changes to their positions in BBDC. Two Sigma Advisers LP boosted its holdings in Barings BDC by 6.0% in the third quarter. Two Sigma Advisers LP now owns 300,500 shares of the company’s stock valued at $3,312,000 after acquiring an additional 17,000 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Barings BDC by 883.2% in the third quarter. HighTower Advisors LLC now owns 111,383 shares of the company’s stock valued at $1,222,000 after acquiring an additional 100,054 shares during the last quarter. Deutsche Bank AG acquired a new position in Barings BDC in the third quarter valued at $63,000. Transcend Wealth Collective LLC boosted its holdings in Barings BDC by 10.0% in the third quarter. Transcend Wealth Collective LLC now owns 77,160 shares of the company’s stock valued at $843,000 after acquiring an additional 7,000 shares during the last quarter. Finally, Lenox Wealth Advisors LLC acquired a new position in Barings BDC in the fourth quarter valued at $35,000. 88.59% of the stock is owned by institutional investors and hedge funds.

Barings BDC Company Profile (Get Rating)

Barings BDC, Inc (NYSE: BBDC) is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market companies that operate across a wide range of industries.

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Analyst Recommendations for Barings BDC (NYSE:BBDC)



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Barings BDC (NYSE:BBDC) Upgraded at Zacks Investment Research

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