Barings Bdc (NYSE:BBDC) Sees Strong Trading Volume – Here’s Why

Shares of Barings Bdc, Inc. (NYSE:BBDC) saw unusually-high trading volume on Tuesday . Approximately 672,184 shares changed hands during mid-day 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 Upgrades and Downgrades

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

Barings Bdc Stock Performance

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

Hedge Funds Weigh In On Barings Bdc

A number of institutional investors have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. increased its position in Barings Bdc by 66.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 486,098 shares of the company’s stock worth $4,258,000 after buying an additional 194,725 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Barings Bdc during the 2nd quarter worth approximately $1,305,000. Ares Management LLC boosted its stake in shares of Barings Bdc by 5.3% during the 2nd quarter. Ares Management LLC now owns 3,797,112 shares of the company’s stock worth $34,706,000 after acquiring an additional 190,016 shares during the period. Franklin Resources Inc. increased its holdings in shares of Barings Bdc by 18.1% during the 2nd quarter. Franklin Resources Inc. now owns 826,659 shares of the company’s stock worth $7,556,000 after acquiring an additional 126,688 shares during the last quarter. Finally, Financial Gravity Companies Inc. bought a new stake in Barings Bdc in the 2nd quarter valued at $2,797,000. 44.09% of the stock is currently owned by institutional investors and hedge funds.

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).