BARINGS BDC (NYSE:BBDC) Given "Hold (C+)" Rating at Weiss Ratings

Key Points

• BARINGS BDC has received a "hold (C+)" rating from Weiss Ratings, which reflects a cautious outlook on the stock's performance.
• For the last quarter, BARINGS BDC reported earnings per share (EPS) of $0.28, exceeding expectations of $0.26, alongside a revenue of $74.40 million.
• Approximately 44.09% of BARINGS BDC shares are currently held by institutional investors, indicating significant institutional interest in the stock.

BARINGS BDC (NYSE:BBDC - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

BARINGS BDC Price Performance

NYSE BBDC traded up $0.09 on Friday, reaching $8.94. The company had a trading volume of 312,192 shares, compared to its average volume of 490,682. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $939.71 million, a PE ratio of 9.31 and a beta of 0.72. The firm's 50 day moving average price is $9.15 and its 200 day moving average price is $9.09. BARINGS BDC has a 12 month low of $7.66 and a 12 month high of $10.85.

BARINGS BDC (NYSE:BBDC - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. The company had revenue of $74.40 million for the quarter, compared to the consensus estimate of $66.41 million. BARINGS BDC had a net margin of 35.67% and a return on equity of 9.76%. During the same period in the previous year, the firm posted $0.40 EPS. As a group, equities analysts predict that BARINGS BDC will post 1.13 earnings per share for the current year.

Institutional Trading of BARINGS BDC

A number of institutional investors and hedge funds have recently bought and sold shares of BBDC. Wealth Preservation Advisors LLC bought a new stake in BARINGS BDC in the 1st quarter valued at $29,000. Golden State Wealth Management LLC bought a new stake in shares of BARINGS BDC in the 1st quarter worth about $37,000. State of Alaska Department of Revenue bought a new stake in shares of BARINGS BDC in the 3rd quarter worth about $38,000. Mather Group LLC. bought a new stake in shares of BARINGS BDC in the 3rd quarter worth about $44,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of BARINGS BDC in the 3rd quarter worth about $88,000. 44.09% of the stock is currently owned by institutional investors.

BARINGS BDC Company Profile

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.

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