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

Barings Bdc (NYSE:BBDC) had its price objective dropped by stock analysts at Keefe, Bruyette & Woods from $10.00 to $9.50 in a report issued on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 7.89% from the company’s current price.

Several other research firms have also commented on BBDC. Wells Fargo & Company cut their price target on Barings Bdc from $10.00 to $9.50 and set an “overweight” rating on the stock in a research report on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of Barings Bdc in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Barings Bdc has an average rating of “Moderate Buy” and an average price target of $9.67.

Barings Bdc Stock Performance

BBDC traded down $0.16 on Monday, reaching $8.81. The company had a trading volume of 464,374 shares, compared to its average volume of 490,334. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.47. Barings Bdc has a 1 year low of $7.66 and a 1 year high of $10.85. The stock has a market capitalization of $925.92 million, a PE ratio of 9.18 and a beta of 0.70. The stock has a 50-day moving average price of $8.99 and a 200-day moving average price of $9.14.

Barings Bdc (NYSE:BBDC) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. Barings Bdc had a return on equity of 9.76% and a net margin of 35.67%.The company had revenue of $72.40 million for the quarter, compared to analyst estimates of $69.71 million. During the same quarter last year, the company posted $0.29 earnings per share. As a group, research analysts forecast that Barings Bdc will post 1.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Barings Bdc

Several large investors have recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Barings Bdc by 293,218.8% during the second quarter. Kingstone Capital Partners Texas LLC now owns 43,616,506 shares of the company’s stock worth $413,770,000 after purchasing an additional 43,601,636 shares during the period. Financial Gravity Companies Inc. acquired a new stake in shares of Barings Bdc in the 2nd quarter worth $2,797,000. Steel Grove Capital Advisors LLC boosted its holdings in shares of Barings Bdc by 487.5% in the second quarter. Steel Grove Capital Advisors LLC now owns 359,280 shares of the company’s stock valued at $3,284,000 after acquiring an additional 298,122 shares in the last quarter. Caliber Wealth Management LLC KS acquired a new position in shares of Barings Bdc during the first quarter worth about $2,300,000. Finally, TT Capital Management LLC purchased a new position in Barings Bdc during the second quarter worth about $2,078,000. Hedge funds and other 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.