Zacks Investment Research cut shares of Barings BDC (NASDAQ:BBDC) from a hold rating to a sell rating in a research note published on Wednesday.

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. “

Separately, Raymond James upgraded shares of Barings BDC from an underperform rating to an outperform rating in a report on Tuesday.

Shares of NASDAQ BBDC opened at $10.17 on Wednesday. Barings BDC has a 1 year low of $8.91 and a 1 year high of $14.35.

Barings BDC (NASDAQ:BBDC) last issued its quarterly earnings data on Friday, August 10th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07).

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Thursday, September 20th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, September 19th. This represents a $0.12 dividend on an annualized basis and a yield of 1.18%.

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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