Keefe, Bruyette & Woods Increases Barings BDC (NYSE:BBDC) Price Target to $10.50

Barings BDC (NYSE:BBDC) had its price target lifted by analysts at Keefe, Bruyette & Woods from $10.00 to $10.50 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 7.14% from the stock’s previous close.

Separately, Wells Fargo & Company increased their target price on Barings BDC from $8.50 to $8.75 and gave the company an “equal weight” rating in a research note on Monday, January 29th.

Barings BDC Stock Down 0.9 %

Shares of NYSE BBDC opened at $9.80 on Thursday. The stock has a market capitalization of $1.04 billion, a PE ratio of 7.97 and a beta of 0.63. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average of $9.37 and a 200-day moving average of $9.14. Barings BDC has a 52-week low of $7.58 and a 52-week high of $9.93.

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

Insider Activity at Barings BDC

In other Barings BDC news, insider Michael Freno acquired 27,500 shares of the stock in a transaction on Thursday, May 9th. The stock was purchased at an average price of $9.73 per share, for a total transaction of $267,575.00. Following the purchase, the insider now directly owns 71,145 shares in the company, valued at $692,240.85. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.45% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Barings BDC

Hedge funds have recently bought and sold shares of the business. Alpine Global Management LLC acquired a new position in shares of Barings BDC in the 3rd quarter worth approximately $913,000. Financial Gravity Asset Management Inc. lifted its holdings in shares of Barings BDC by 1,692.9% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 266,969 shares of the company’s stock worth $2,379,000 after purchasing an additional 252,079 shares during the last quarter. Quadrature Capital Ltd lifted its holdings in shares of Barings BDC by 104.8% in the 3rd quarter. Quadrature Capital Ltd now owns 40,029 shares of the company’s stock worth $357,000 after purchasing an additional 20,479 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Barings BDC by 6.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 395,948 shares of the company’s stock worth $3,528,000 after purchasing an additional 23,655 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Barings BDC by 5.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,530,005 shares of the company’s stock worth $13,632,000 after purchasing an additional 76,390 shares during the last quarter. Institutional investors and hedge funds own 44.09% of the company’s stock.

About Barings BDC

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.