Barings Bdc (NYSE:BBDC) Sees Strong Trading Volume – Still a Buy?

Barings Bdc, Inc. (NYSE:BBDC) shares saw unusually-high trading volume on Tuesday . Approximately 672,184 shares traded hands during trading, an increase of 10% from the previous session’s volume of 613,075 shares.The stock last traded at $9.1150 and had previously closed at $9.09.

Analyst Ratings Changes

Several equities research analysts have recently commented on BBDC shares. Keefe, Bruyette & Woods lowered their target price on Barings Bdc from $10.00 to $9.50 and set a “market perform” rating for the company in a research note on Monday, November 10th. Weiss Ratings upgraded Barings Bdc from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 11th. Finally, Wells Fargo & Company dropped their price objective on Barings Bdc from $10.00 to $9.50 and set an “overweight” rating for the company in a report on Monday, November 10th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $9.67.

Barings Bdc Trading Up 0.2%

The business has a 50 day moving average of $9.07 and a 200 day moving average of $9.09. The firm has a market capitalization of $958.01 million, a price-to-earnings ratio of 9.39 and a beta of 0.60. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.10 and a quick ratio of 0.10.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Jump Financial LLC acquired a new stake in Barings Bdc in the fourth quarter worth $427,000. Russell Investments Group Ltd. bought a new stake in shares of Barings Bdc in the 4th quarter valued at $2,767,000. ExodusPoint Capital Management LP bought a new stake in shares of Barings Bdc in the 4th quarter valued at $154,000. Royal Bank of Canada raised its stake in Barings Bdc by 21.6% during the 4th quarter. Royal Bank of Canada now owns 30,318 shares of the company’s stock worth $278,000 after buying an additional 5,384 shares during the period. Finally, Focus Partners Wealth bought a new position in Barings Bdc during the fourth quarter worth about $9,207,000. Institutional investors and hedge funds own 44.09% of the company’s stock.

About Barings Bdc

Barings BDC Inc (NYSE: BBDC) is a closed-end, externally managed business development company that provides flexible financing solutions to middle-market companies. As an investment vehicle organized under the Investment Company Act of 1940, BBDC seeks to generate both current income and capital appreciation by investing primarily in senior secured loans, second lien loans, mezzanine debt and equity co-investments. The company targets established businesses across a diverse range of industries, including healthcare, industrials, consumer products and business services.

The company is sponsored and managed by Barings LLC, a global investment manager and subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).