Raymond James upgraded shares of Barings BDC (NASDAQ:BBDC) from an underperform rating to an outperform rating in a research report sent to investors on Tuesday morning, MarketBeat reports.
Shares of BBDC stock opened at $10.24 on Tuesday. Barings BDC has a twelve month low of $8.91 and a twelve month high of $14.35.
Barings BDC (NASDAQ:BBDC) last announced its earnings results on Friday, August 10th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.07).
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Stockholders of record on Thursday, September 20th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, September 19th. This represents a $0.12 annualized dividend and a dividend yield of 1.17%.
Barings BDC Company Profile
Triangle Capital Corp. engages in the provision of customized financing primarily to lower middle market companies. Its investment objective is to seek returns by generating current income from our debt investments, and capital appreciation from our equity-related investments. Its portfolio includes Aden and Anais, AGM Automotive, All Metals, American Silk, Avantor Performance Materials, and others.
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