Barings BDC (NYSE:BBDC) Rating Lowered to Hold at Zacks Investment Research

Barings BDC (NYSE:BBDC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday, Zacks.com reports.

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. “

Separately, National Securities restated a “sell” rating and issued a $4.00 target price on shares of Prospect Capital in a research note on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $11.15.

Shares of BBDC traded down $0.08 during midday trading on Friday, reaching $9.85. 102,434 shares of the stock were exchanged, compared to its average volume of 192,599. Barings BDC has a twelve month low of $8.70 and a twelve month high of $12.39. The company has a debt-to-equity ratio of 1.06, a quick ratio of 22.46 and a current ratio of 22.46. The firm has a 50 day moving average of $9.92.

Barings BDC (NYSE:BBDC) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The firm had revenue of $18.34 million for the quarter, compared to analyst estimates of $18.02 million. Barings BDC had a negative return on equity of 0.80% and a negative net margin of 131.87%. On average, equities research analysts predict that Barings BDC will post 0.68 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. Confluence Investment Management LLC grew its position in shares of Barings BDC by 1.0% in the first quarter. Confluence Investment Management LLC now owns 1,021,687 shares of the company’s stock valued at $10,023,000 after purchasing an additional 9,621 shares during the last quarter. Mckinley Capital Management LLC Delaware grew its holdings in shares of Barings BDC by 1.2% in the 1st quarter. Mckinley Capital Management LLC Delaware now owns 243,079 shares of the company’s stock worth $2,385,000 after purchasing an additional 2,999 shares during the last quarter. Relative Value Partners Group LLC lifted its position in Barings BDC by 5.5% during the 1st quarter. Relative Value Partners Group LLC now owns 966,962 shares of the company’s stock worth $9,486,000 after buying an additional 50,336 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD acquired a new position in Barings BDC during the 1st quarter worth about $439,000. Finally, Legal & General Group Plc lifted its position in Barings BDC by 28.4% during the 4th quarter. Legal & General Group Plc now owns 238,450 shares of the company’s stock worth $2,152,000 after buying an additional 52,716 shares in the last quarter. Institutional investors and hedge funds own 40.55% of the company’s stock.

About Barings BDC

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.

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