Barings BDC, Inc. (NYSE:BBDC) Receives $9.75 Consensus Target Price from Analysts

Posted by Defense World Staff on Sep 20th, 2023

Barings BDC, Inc. (NYSE:BBDC – Get Free Report) has been assigned an average rating of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $9.75.

Several brokerages have issued reports on BBDC. Wells Fargo & Company lifted their price objective on Barings BDC from $7.75 to $9.25 and gave the company an “overweight” rating in a research report on Friday, August 11th. TheStreet upgraded shares of Barings BDC from a “c+” rating to a “b-” rating in a research report on Friday, September 1st. Finally, Compass Point lifted their target price on Barings BDC from $8.50 to $9.50 and gave the company a “buy” rating in a research note on Wednesday, August 16th.

View Our Latest Stock Analysis on BBDC

Barings BDC Stock Up 0.2 %

BBDC opened at $8.95 on Friday. Barings BDC has a fifty-two week low of $6.96 and a fifty-two week high of $9.51. The company has a market capitalization of $952.79 million, a P/E ratio of 10.91 and a beta of 0.67. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.18 and a quick ratio of 0.18. The firm’s fifty day moving average price is $8.69 and its two-hundred day moving average price is $8.06.

Barings BDC (NYSE:BBDC – Get Free Report) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.02. Barings BDC had a net margin of 33.71% and a return on equity of 10.43%. The firm had revenue of $75.30 million during the quarter, compared to analyst estimates of $70.64 million. During the same quarter in the prior year, the business posted $0.29 earnings per share. The company’s quarterly revenue was up 35.5% compared to the same quarter last year. On average, analysts anticipate that Barings BDC will post 1.19 EPS for the current year.

Barings BDC Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, September 6th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 11.63%. The ex-dividend date was Tuesday, September 5th. Barings BDC’s payout ratio is presently 126.83%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BBDC. LPL Financial LLC lifted its position in shares of Barings BDC by 7.8% in the fourth quarter. LPL Financial LLC now owns 306,226 shares of the company’s stock valued at $2,496,000 after buying an additional 22,124 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Barings BDC by 40.4% in the first quarter. Mackenzie Financial Corp now owns 80,904 shares of the company’s stock valued at $642,000 after acquiring an additional 23,273 shares during the period. Brookstone Capital Management acquired a new position in shares of Barings BDC in the first quarter valued at about $86,000. Van ECK Associates Corp increased its position in Barings BDC by 4.8% during the first quarter. Van ECK Associates Corp now owns 1,359,317 shares of the company’s stock worth $10,793,000 after acquiring an additional 62,783 shares during the period. Finally, Cliffwater LLC raised its stake in Barings BDC by 6.3% in the 4th quarter. Cliffwater LLC now owns 1,710,558 shares of the company’s stock worth $13,941,000 after purchasing an additional 101,750 shares in the last quarter. Institutional investors and hedge funds own 49.03% of the company’s stock.

Barings BDC Company Profile

(Get Free Report

Barings BDC, Inc 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.