Barings BDC (BBDC) Downgraded by Zacks Investment Research to “Sell”

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Zacks Investment Research lowered shares of Barings BDC (NASDAQ:BBDC) from a hold rating to a sell rating in a report released on Tuesday.

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. “

Other equities research analysts have also issued research reports about the stock. TheStreet lowered shares of Barings BDC from a c- rating to a d+ rating in a report on Thursday, November 29th. Raymond James upgraded shares of Barings BDC from an underperform rating to an outperform rating in a report on Tuesday, September 11th.

Shares of BBDC opened at $9.87 on Tuesday. Barings BDC has a 1-year low of $9.31 and a 1-year high of $12.40.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 14th will be issued a $0.10 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.40 annualized dividend and a dividend yield of 4.05%. This is a positive change from Barings BDC’s previous quarterly dividend of $0.03.

In other Barings BDC news, insider Paul John Thompson purchased 12,000 shares of Barings BDC stock in a transaction dated Thursday, October 4th. The stock was acquired at an average price of $10.20 per share, for a total transaction of $122,400.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Barings Llc purchased 75,079 shares of Barings BDC stock in a transaction dated Friday, September 28th. The stock was acquired at an average price of $10.02 per share, with a total value of $752,291.58. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 1,567,437 shares of company stock valued at $15,780,930.

Several large investors have recently bought and sold shares of the company. Sheaff Brock Investment Advisors LLC bought a new stake in shares of Barings BDC in the 3rd quarter valued at about $101,000. BB&T Corp bought a new stake in shares of Barings BDC in the 3rd quarter valued at about $110,000. CIBC World Markets Inc. bought a new stake in shares of Barings BDC in the 3rd quarter valued at about $127,000. LPL Financial LLC bought a new stake in shares of Barings BDC in the 3rd quarter valued at about $140,000. Finally, Great West Life Assurance Co. Can bought a new stake in shares of Barings BDC in the 3rd quarter valued at about $152,000.

About Barings BDC

Triangle Capital Corp. engages in the provision of customized financing primarily to lower middle market companies. Its investment objective is to seek returns by generating current income from our debt investments, and capital appreciation from our equity-related investments. Its portfolio includes Aden and Anais, AGM Automotive, All Metals, American Silk, Avantor Performance Materials, and others.

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