Keefe, Bruyette & Woods Has Lowered Expectations for Barings Bdc (NYSE:BBDC) Stock Price

Barings Bdc (NYSE:BBDC) had its price objective lowered by research analysts at Keefe, Bruyette & Woods from $10.00 to $9.50 in a research report issued on Monday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 6.71% from the stock’s previous close.

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

Barings Bdc Stock Performance

BBDC stock opened at $8.90 on Monday. 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 $936.23 million, a price-to-earnings ratio of 9.27 and a beta of 0.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.09 and a current ratio of 0.09. The stock’s fifty day moving average is $8.95 and its two-hundred day moving average is $9.14.

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

Institutional Investors Weigh In On Barings Bdc

Several large investors have recently modified their holdings of BBDC. Wealth Preservation Advisors LLC acquired a new stake in shares of Barings Bdc during the first quarter worth $29,000. State of Alaska Department of Revenue purchased a new stake in Barings Bdc in the 3rd quarter worth approximately $38,000. Mather Group LLC. acquired a new stake in Barings Bdc during the third quarter valued at $44,000. Golden State Wealth Management LLC grew its stake in shares of Barings Bdc by 269.6% in the 2nd quarter. Golden State Wealth Management LLC now owns 7,077 shares of the company’s stock valued at $65,000 after buying an additional 5,162 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Barings Bdc during the 3rd quarter worth $88,000. 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.