Barings BDC (NYSE:BBDC - Get Free Report) had its target price lowered by Keefe, Bruyette & Woods from $10.50 to $9.50 in a report issued on Tuesday,Benzinga reports. The firm presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' target price suggests a potential upside of 13.16% from the company's previous close.
Barings BDC Trading Up 1.5 %
Shares of BBDC traded up $0.13 during trading hours on Tuesday, hitting $8.40. The company had a trading volume of 672,245 shares, compared to its average volume of 450,901. Barings BDC has a 52-week low of $7.66 and a 52-week high of $10.85. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.37. The stock's 50 day moving average price is $9.63 and its 200 day moving average price is $9.72. The firm has a market cap of $884.91 million, a P/E ratio of 8.07 and a beta of 0.56.
Barings BDC (NYSE:BBDC - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). The firm had revenue of $70.63 million during the quarter, compared to analysts' expectations of $69.35 million. Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. On average, research analysts predict that Barings BDC will post 1.13 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in shares of Barings BDC by 393.7% during the third quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company's stock valued at $25,000 after buying an additional 2,059 shares during the period. Lee Danner & Bass Inc. purchased a new position in Barings BDC during the 4th quarter valued at $25,000. Nomura Asset Management Co. Ltd. bought a new position in Barings BDC in the 3rd quarter worth $26,000. Ameriflex Group Inc. purchased a new stake in shares of Barings BDC in the 4th quarter worth about $80,000. Finally, Entropy Technologies LP bought a new stake in shares of Barings BDC during the 4th quarter valued at about $98,000. Institutional investors own 44.09% of the company's stock.
Barings BDC Company Profile
(
Get Free Report)
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.
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