Barings BDC (NYSE:BBDC) Price Target Increased to $8.75 by Analysts at Wells Fargo & Company

Barings BDC (NYSE:BBDCGet Free Report) had its price objective hoisted by equities research analysts at Wells Fargo & Company from $8.50 to $8.75 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 4.16% from the company’s current price.

Barings BDC Stock Up 0.4 %

Shares of BBDC stock opened at $9.13 on Monday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.66. Barings BDC has a 12 month low of $6.96 and a 12 month high of $9.47. The stock has a market cap of $972.53 million, a P/E ratio of 10.14 and a beta of 0.64. The company has a 50 day simple moving average of $8.86 and a two-hundred day simple moving average of $8.84.

Barings BDC (NYSE:BBDCGet Free Report) last posted its quarterly earnings data on Friday, November 10th. The company reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. The firm had revenue of $70.85 million during the quarter, compared to analyst estimates of $74.06 million. Barings BDC had a return on equity of 10.94% and a net margin of 34.98%. Barings BDC’s revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 EPS. On average, research analysts expect that Barings BDC will post 1.17 earnings per share for the current year.

Institutional Investors Weigh In On Barings BDC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new position in shares of Barings BDC in the second quarter valued at about $28,000. Tyler Stone Wealth Management bought a new position in shares of Barings BDC during the second quarter worth $30,000. Lake Point Wealth Management boosted its holdings in shares of Barings BDC by 3,008.0% during the 1st quarter. Lake Point Wealth Management now owns 3,108 shares of the company’s stock valued at $32,000 after purchasing an additional 3,008 shares during the last quarter. Advisory Services Network LLC lifted its position in shares of Barings BDC by 140.9% in the first quarter. Advisory Services Network LLC now owns 4,586 shares of the company’s stock worth $36,000 after buying an additional 2,682 shares in the last quarter. Finally, Bartlett & Co. LLC bought a new position in Barings BDC during the fourth quarter valued at approximately $43,000. Institutional investors own 49.03% of the company’s stock.

About Barings BDC

(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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