Wells Fargo & Company Lowers Barings Bdc (NYSE:BBDC) Price Target to $9.50

Barings Bdc (NYSE:BBDC) had its price target dropped by investment analysts at Wells Fargo & Company from $10.00 to $9.50 in a report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 6.71% from the stock’s previous close.

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Barings Bdc in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.67.

Barings Bdc Stock Up 0.5%

Shares of NYSE BBDC opened at $8.90 on Monday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $8.95 and its two-hundred day moving average is $9.14. Barings Bdc has a 52-week low of $7.66 and a 52-week high of $10.85. The firm has a market cap of $936.23 million, a price-to-earnings ratio of 9.27 and a beta of 0.70.

Barings Bdc (NYSE:BBDC) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.32 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $72.40 million for the quarter, compared to the consensus estimate of $69.71 million. During the same quarter in the previous year, the business earned $0.29 EPS. Research analysts predict that Barings Bdc will post 1.13 EPS for the current year.

Hedge Funds Weigh In On Barings Bdc

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. OneDigital Investment Advisors LLC increased its stake in shares of Barings Bdc by 9.9% during the third quarter. OneDigital Investment Advisors LLC now owns 35,791 shares of the company’s stock worth $314,000 after buying an additional 3,222 shares during the period. JPMorgan Chase & Co. grew its holdings in Barings Bdc by 18.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 137,323 shares of the company’s stock worth $1,203,000 after acquiring an additional 21,174 shares in the last quarter. LSV Asset Management increased its position in shares of Barings Bdc by 29.4% in the 3rd quarter. LSV Asset Management now owns 46,700 shares of the company’s stock valued at $409,000 after purchasing an additional 10,600 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Barings Bdc by 6.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 439,202 shares of the company’s stock valued at $3,847,000 after purchasing an additional 25,943 shares in the last quarter. Finally, Western Wealth Management LLC raised its holdings in shares of Barings Bdc by 91.1% in the 3rd quarter. Western Wealth Management LLC now owns 32,301 shares of the company’s stock valued at $283,000 after purchasing an additional 15,396 shares in the last quarter. 44.09% of the stock is owned by institutional investors and hedge funds.

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.