Keefe, Bruyette & Woods Lowers Barings BDC (NYSE:BBDC) Price Target to $9.50

Barings BDC (NYSE:BBDC) had its price target cut by stock analysts at Keefe, Bruyette & Woods from $10.50 to $9.50 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 12.16% from the stock’s previous close.

Barings BDC Stock Up 7.4 %

Shares of NYSE BBDC opened at $8.47 on Tuesday. The firm has a 50 day moving average price of $9.71 and a 200 day moving average price of $9.74. The stock has a market cap of $892.81 million, a P/E ratio of 8.14 and a beta of 0.56. 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 0.37, a quick ratio of 0.14 and a current ratio of 0.14.

Barings BDC (NYSE:BBDC) last released its earnings results on Thursday, February 20th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Barings BDC had a return on equity of 10.94% and a net margin of 38.54%. The firm had revenue of $70.63 million for the quarter, compared to the consensus estimate of $69.35 million. Analysts expect that Barings BDC will post 1.13 EPS for the current year.

Institutional Investors Weigh In On Barings BDC

A number of institutional investors have recently modified their holdings of BBDC. Confluence Investment Management LLC increased its holdings in Barings BDC by 0.4% in the 1st quarter. Confluence Investment Management LLC now owns 519,779 shares of the company’s stock valued at $4,959,000 after buying an additional 2,026 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Barings BDC by 10.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 81,649 shares of the company’s stock valued at $781,000 after buying an additional 8,016 shares during the last quarter. Ameriflex Group Inc. acquired a new position in shares of Barings BDC during the fourth quarter worth $80,000. Kingstone Capital Partners Texas LLC acquired a new position in Barings BDC during the 4th quarter worth about $135,000. Finally, ProShare Advisors LLC raised its stake in Barings BDC by 15.1% during the fourth quarter. ProShare Advisors LLC now owns 17,809 shares of the company’s stock worth $170,000 after buying an additional 2,333 shares during the last quarter. 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.