Barings BDC (NYSE:BBDC) Price Target Increased to $9.50 by Analysts at Wells Fargo & Company

Barings BDC (NYSE:BBDC) had its target price boosted by research analysts at Wells Fargo & Company from $9.00 to $9.50 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential downside of 4.81% from the stock’s current price.

Separately, Keefe, Bruyette & Woods raised their price target on Barings BDC from $10.00 to $10.50 and gave the company a “market perform” rating in a research report on Thursday, May 23rd.

Barings BDC Trading Up 0.7 %

Shares of BBDC stock opened at $9.98 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11. Barings BDC has a 52-week low of $8.11 and a 52-week high of $10.27. The company has a market capitalization of $1.06 billion, a PE ratio of 8.11 and a beta of 0.67. The business’s fifty day moving average is $9.88 and its 200 day moving average is $9.46.

Barings BDC (NYSE:BBDC) last released its quarterly earnings results on Saturday, May 4th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Barings BDC had a net margin of 45.35% and a return on equity of 10.77%. The firm had revenue of $69.81 million for the quarter, compared to analysts’ expectations of $72.38 million. During the same quarter in the previous year, the business earned $0.25 EPS. On average, equities research analysts anticipate that Barings BDC will post 1.17 EPS for the current fiscal year.

Insider Transactions at Barings BDC

In related news, insider Michael Freno acquired 27,500 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were purchased at an average price of $9.73 per share, for a total transaction of $267,575.00. Following the completion of the acquisition, the insider now owns 71,145 shares in the company, valued at $692,240.85. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.45% of the company’s stock.

Institutional Trading of Barings BDC

Several large investors have recently modified their holdings of BBDC. Mather Group LLC. bought a new stake in shares of Barings BDC in the first quarter worth about $43,000. Pineridge Advisors LLC bought a new stake in shares of Barings BDC in the fourth quarter worth about $53,000. Tucker Asset Management LLC bought a new stake in shares of Barings BDC in the fourth quarter worth about $80,000. EntryPoint Capital LLC grew its stake in shares of Barings BDC by 121.0% in the first quarter. EntryPoint Capital LLC now owns 9,141 shares of the company’s stock worth $85,000 after purchasing an additional 5,005 shares during the last quarter. Finally, Soltis Investment Advisors LLC bought a new stake in shares of Barings BDC in the first quarter worth about $108,000. 44.09% of the stock is owned by institutional investors.

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.