Shares of Barings BDC Inc (NYSE:BBDC) have received a consensus recommendation of “Hold” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $13.00.
Several research firms have weighed in on BBDC. ValuEngine upgraded Barings BDC from a “hold” rating to a “buy” rating in a report on Monday, November 12th. Zacks Investment Research lowered Barings BDC from a “hold” rating to a “sell” rating in a report on Tuesday, December 11th. TheStreet lowered Barings BDC from a “c-” rating to a “d+” rating in a report on Thursday, November 29th. Compass Point initiated coverage on Barings BDC in a report on Monday, February 4th. They set a “neutral” rating on the stock. Finally, National Securities reissued a “neutral” rating and issued a $13.00 price target on shares of Barings BDC in a research note on Tuesday, November 13th.
BBDC stock traded down $0.02 during midday trading on Monday, hitting $9.64. 86,000 shares of the company’s stock were exchanged, compared to its average volume of 176,953. The company has a current ratio of 224.44, a quick ratio of 224.44 and a debt-to-equity ratio of 1.25. The firm has a market cap of $495.37 million, a PE ratio of 6.24 and a beta of 0.81. Barings BDC has a one year low of $8.70 and a one year high of $12.40.
Barings BDC (NYSE:BBDC) last posted its earnings results on Thursday, November 8th. The company reported ($0.59) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.63). The business had revenue of $12.07 million for the quarter, compared to the consensus estimate of $8.27 million. Barings BDC had a positive return on equity of 1.51% and a negative net margin of 50.26%. On average, analysts forecast that Barings BDC will post 0.66 earnings per share for the current year.
In other news, CFO Jonathan Bock purchased 16,200 shares of the company’s stock in a transaction on Wednesday, December 19th. The shares were purchased at an average price of $9.16 per share, with a total value of $148,392.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Barings Llc purchased 65,600 shares of the company’s stock in a transaction on Friday, November 16th. The stock was purchased at an average cost of $10.04 per share, for a total transaction of $658,624.00. The disclosure for this purchase can be found here. Insiders acquired a total of 1,849,617 shares of company stock worth $17,797,921 in the last three months. Company insiders own 3.50% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BBDC. FNY Investment Advisers LLC acquired a new stake in shares of Barings BDC in the fourth quarter valued at about $43,000. Joel Isaacson & Co. LLC acquired a new stake in shares of Barings BDC in the fourth quarter valued at about $145,000. Virtu Financial LLC acquired a new stake in shares of Barings BDC in the fourth quarter valued at about $203,000. BW Gestao de Investimentos Ltda. acquired a new stake in shares of Barings BDC in the third quarter valued at about $451,000. Finally, Raymond James & Associates increased its position in shares of Barings BDC by 2.1% in the fourth quarter. Raymond James & Associates now owns 60,886 shares of the company’s stock valued at $549,000 after acquiring an additional 1,240 shares during the last quarter. 59.63% of the stock is currently owned by hedge funds and other institutional investors.
Barings BDC Company Profile
Barings BDC, Inc (NYSE:BBDC) is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies.
Further Reading: Liquidity
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