Barings Bdc (NYSE:BBDC) Given New $9.50 Price Target at Wells Fargo & Company

Barings Bdc (NYSE:BBDC) had its target price cut by research analysts at Wells Fargo & Company from $10.00 to $9.50 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 6.32% from the company’s current price.

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Barings Bdc in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $9.67.

Barings Bdc Trading Down 0.3%

NYSE:BBDC opened at $8.94 on Monday. The stock has a market cap of $939.60 million, a PE ratio of 9.32 and a beta of 0.70. Barings Bdc has a fifty-two week low of $7.66 and a fifty-two week high of $10.85. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.09 and a quick ratio of 0.09. The stock’s 50-day moving average is $8.99 and its two-hundred day moving average is $9.14.

Barings Bdc (NYSE:BBDC) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. Barings Bdc had a net margin of 35.67% and a return on equity of 9.76%. The business had revenue of $72.40 million during the quarter, compared to analysts’ expectations of $69.71 million. During the same period last year, the company posted $0.29 earnings per share. As a group, equities research analysts forecast that Barings Bdc will post 1.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Wealth Preservation Advisors LLC acquired a new position in Barings Bdc in the 1st quarter valued at approximately $29,000. State of Alaska Department of Revenue acquired a new stake in shares of Barings Bdc during the 3rd quarter worth approximately $38,000. Mather Group LLC. bought a new stake in shares of Barings Bdc during the third quarter valued at approximately $44,000. Golden State Wealth Management LLC increased its position in shares of Barings Bdc by 269.6% during the second quarter. Golden State Wealth Management LLC now owns 7,077 shares of the company’s stock valued at $65,000 after purchasing an additional 5,162 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Barings Bdc in the third quarter valued at $88,000. Institutional investors and hedge funds own 44.09% of the company’s stock.

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.