Mackenzie Financial Corp lessened its position in shares of Barings BDC, Inc. (NYSE:BBDC – Get Rating) by 37.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,150 shares of the company’s stock after selling 47,397 shares during the period. Mackenzie Financial Corp owned approximately 0.07% of Barings BDC worth $737,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of BBDC. Victory Capital Management Inc. purchased a new stake in shares of Barings BDC in the 1st quarter valued at $160,000. Commonwealth Equity Services LLC purchased a new stake in shares of Barings BDC in the 1st quarter valued at $1,099,000. Western Wealth Management LLC purchased a new stake in shares of Barings BDC in the 1st quarter valued at $266,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Barings BDC in the 1st quarter valued at $693,000. Finally, Tyler Stone Wealth Management purchased a new stake in shares of Barings BDC in the 1st quarter valued at $104,000. Institutional investors own 48.53% of the company’s stock.
Barings BDC Trading Down 1.5 %
NYSE:BBDC opened at $9.12 on Friday. The company has a 50-day moving average price of $8.76 and a 200-day moving average price of $9.48. Barings BDC, Inc. has a 12 month low of $7.89 and a 12 month high of $11.28. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.53. The stock has a market cap of $992.53 million, a price-to-earnings ratio of 31.45 and a beta of 0.65.
Barings BDC Announces Dividend
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on BBDC shares. TheStreet cut shares of Barings BDC from a “b” rating to a “c” rating in a research note on Monday, August 22nd. Raymond James dropped their price target on shares of Barings BDC from $11.50 to $11.00 and set an “outperform” rating for the company in a research report on Monday. Wells Fargo & Company increased their price target on shares of Barings BDC from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Monday, November 14th. Finally, Keefe, Bruyette & Woods cut shares of Barings BDC from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $10.50 to $10.00 in a research report on Monday, November 14th.
About Barings BDC
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.
- Get a free copy of the StockNews.com research report on Barings BDC (BBDC)
- Institutional Support for Analog Devices Remains High
- Microsoft Shares: Is it Time to Back Up the Truck?
- Is the 60/40 Portfolio Mix Still in Vogue?
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Three CBD Stocks to Dominate a Budding Industry
Receive News & Ratings for Barings BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barings BDC and related companies with MarketBeat.com's FREE daily email newsletter.