Barings Bdc (NYSE:BBDC) Price Target Lowered to $9.50 at Keefe, Bruyette & Woods

Barings Bdc (NYSE:BBDC) had its target price reduced by research analysts at Keefe, Bruyette & Woods from $10.00 to $9.50 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 7.89% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company reduced their price target on shares of Barings Bdc from $10.00 to $9.50 and set an “overweight” rating on the stock in a research report on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of Barings Bdc in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. 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 1.7%

Shares of BBDC traded down $0.16 during midday trading on Monday, hitting $8.81. 464,374 shares of the stock were exchanged, compared to its average volume of 490,334. Barings Bdc has a 52-week low of $7.66 and a 52-week high of $10.85. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a fifty day simple moving average of $8.99 and a 200 day simple moving average of $9.14. The firm has a market cap of $925.92 million, a P/E ratio of 9.18 and a beta of 0.70.

Barings Bdc (NYSE:BBDC) last posted its earnings results on Thursday, November 6th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. Barings Bdc had a return on equity of 9.76% and a net margin of 35.67%.The firm had revenue of $72.40 million for the quarter, compared to analyst estimates of $69.71 million. During the same quarter in the prior year, the company earned $0.29 EPS. On average, research analysts anticipate that Barings Bdc will post 1.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Barings Bdc

Large investors have recently bought and sold shares of the business. Stephens Inc. AR lifted its holdings in Barings Bdc by 19.5% during the 1st quarter. Stephens Inc. AR now owns 22,857 shares of the company’s stock worth $218,000 after buying an additional 3,724 shares during the last quarter. Sigma Planning Corp raised its position in shares of Barings Bdc by 54.3% during the 1st quarter. Sigma Planning Corp now owns 27,558 shares of the company’s stock worth $263,000 after acquiring an additional 9,697 shares in the last quarter. Armor Investment Advisors LLC lifted its stake in Barings Bdc by 11.6% during the first quarter. Armor Investment Advisors LLC now owns 16,300 shares of the company’s stock worth $156,000 after purchasing an additional 1,700 shares during the last quarter. Muzinich & Co. Inc. lifted its stake in Barings Bdc by 8.5% during the first quarter. Muzinich & Co. Inc. now owns 262,910 shares of the company’s stock worth $2,508,000 after purchasing an additional 20,680 shares during the last quarter. Finally, Denali Advisors LLC boosted its holdings in Barings Bdc by 9.1% in the first quarter. Denali Advisors LLC now owns 138,153 shares of the company’s stock valued at $1,318,000 after purchasing an additional 11,546 shares in the last quarter. Hedge funds and other institutional investors 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.