Barings BDC (NYSE:BBDC) Price Target Lowered to $8.50 at Wells Fargo & Company

Barings BDC (NYSE:BBDC - Get Free Report) had its target price reduced by analysts at Wells Fargo & Company from $9.00 to $8.50 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's target price indicates a potential downside of 2.25% from the company's previous close.

Separately, Keefe, Bruyette & Woods decreased their price target on Barings BDC from $10.50 to $9.50 and set a "market perform" rating for the company in a report on Tuesday, April 8th.

Barings BDC Trading Up 1.6%

BBDC stock traded up $0.14 during mid-day trading on Monday, reaching $8.70. The company's stock had a trading volume of 452,584 shares, compared to its average volume of 532,255. The company has a market cap of $916.64 million, a price-to-earnings ratio of 8.39 and a beta of 0.73. Barings BDC has a 12 month low of $7.66 and a 12 month high of $10.85. The business's 50 day moving average price is $8.99 and its 200 day moving average price is $9.57. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.37.

Barings BDC (NYSE:BBDC - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). The firm had revenue of $64.44 million for the quarter, compared to the consensus estimate of $67.78 million. Barings BDC had a net margin of 38.54% and a return on equity of 10.94%. The company's revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS. On average, equities research analysts predict that Barings BDC will post 1.13 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of Barings BDC by 393.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company's stock valued at $25,000 after purchasing an additional 2,059 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of Barings BDC during the 4th quarter valued at $25,000. Golden State Wealth Management LLC purchased a new position in Barings BDC in the first quarter worth $37,000. Ameriflex Group Inc. purchased a new position in Barings BDC in the fourth quarter worth $80,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of Barings BDC by 276.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 10,144 shares of the company's stock worth $97,000 after purchasing an additional 7,448 shares during the period. 44.09% of the stock is currently owned by hedge funds and other institutional investors.

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.

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