In yesterday’s Wall Street session, Barings BDC Inc (NYSE:BBDC) shares traded at $9.51, down -0.83% from the previous session.
BBDC stock price is now -1.00% away from the 50-day moving average and 3.89% away from the 200-day moving average. The market capitalization of the company currently stands at $1.01B.
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With the price target reduced from $9 to $8.50, Wells Fargo Downgraded its rating from Overweight to Equal Weight for Barings BDC Inc (NYSE: BBDC). On February 24, 2023, Oppenheimer Downgraded its previous ‘Outperform’ rating to ‘Perform’ on the stock reducing its target price from $10 to quote $9, while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’
In other news, Freno Michael, Officer of Adviser bought 27,500 shares of the company’s stock on May 09 ’24. The stock was bought for $267,492 at an average price of $9.73. Upon completion of the transaction, the Officer of Adviser now directly owns 71,145 shares in the company, valued at $0.68 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 28 ’24, Director BYERS STEPHEN R bought 570 shares of the business’s stock. A total of $5,529 was incurred on buying the stock at an average price of $9.70. This leaves the insider owning 21,647 shares of the company worth $0.21 million. A total of 0.49% of the company’s stock is owned by insiders.
During the past 12 months, Barings BDC Inc has had a low of $7.58 and a high of $10.27. According to the stock market information, the enterprise value for the company is $2394645504, which is based on a 7.67 price-to-earnings ratio, a 1.53 price-to-earnings-growth ratio, and a beta of 0.70. The fifty day moving average price for BBDC is $9.6108 and a two-hundred day moving average price translates $9.1551 for the stock.
The latest earnings results from Barings BDC Inc (NYSE: BBDC) was released for 2024-03-31. The company reported revenue of $69.81 million for the quarter, compared to $67.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.87 percent.
