Brokerages Set Barings BDC Inc (NYSE:BBDC) Target Price at $11.20

Shares of Barings BDC Inc (NYSE:BBDC) have been assigned an average recommendation of “Buy” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $11.20.

A number of equities analysts have recently commented on BBDC shares. National Securities restated a “buy” rating and set a $13.00 price objective on shares of Barings BDC in a research note on Monday, May 13th. ValuEngine raised shares of Barings BDC from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Zacks Investment Research cut shares of Barings BDC from a “buy” rating to a “hold” rating in a report on Thursday, July 25th.

Shares of Barings BDC stock traded down $0.09 during trading hours on Monday, reaching $9.76. 11,749 shares of the company’s stock were exchanged, compared to its average volume of 92,594. The business’s 50 day moving average is $9.90. Barings BDC has a fifty-two week low of $8.70 and a fifty-two week high of $12.39. The company has a debt-to-equity ratio of 1.08, a current ratio of 4.79 and a quick ratio of 22.46.

Barings BDC (NYSE:BBDC) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). Barings BDC had a negative return on equity of 1.28% and a negative net margin of 152.61%. The business had revenue of $19.60 million for the quarter, compared to analyst estimates of $19.89 million. As a group, sell-side analysts expect that Barings BDC will post 0.67 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 11th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.74%. This is a boost from Barings BDC’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, September 10th.

Several hedge funds have recently modified their holdings of the company. FNY Investment Advisers LLC raised its holdings in Barings BDC by 46.4% in the 1st quarter. FNY Investment Advisers LLC now owns 7,000 shares of the company’s stock valued at $68,000 after acquiring an additional 2,219 shares during the period. Sigma Planning Corp bought a new position in Barings BDC in the 2nd quarter valued at about $99,000. D. E. Shaw & Co. Inc. bought a new position in Barings BDC in the 4th quarter valued at about $120,000. Squarepoint Ops LLC bought a new position in Barings BDC in the 4th quarter valued at about $125,000. Finally, Great West Life Assurance Co. Can raised its holdings in Barings BDC by 10.6% in the 4th quarter. Great West Life Assurance Co. Can now owns 16,777 shares of the company’s stock valued at $146,000 after acquiring an additional 1,602 shares during the period. 40.32% of the stock is currently owned by 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: Golden Cross

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