The stock of Barings BDC Inc. (NYSE:BBDC) increased by $0.05 on Friday to finish at $9.16, up 0.55 percent. The last five days have seen an average of 597,760 shares of common stock traded. 11 times new highs were reached in the current year, with a gain of $1.01. The average number of shares traded over the last 20 days was 492,460, while the average volume over the last 50 days totaled 470,918.
BBDC stock appreciated 10.76% since last month. On 07/26/23, the company’s shares reached a one-month low of $8.11. The stock touched a high of $10.25 on 08/16/23, after rallying from a low of $6.96 in 52 weeks. The price of BBDC stock has risen by 12.39% or $1.01 this year, reaching a new high 11 times. Still, the stock price is down -10.63% from the 52-week high.
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Insider Transactions
BBDC stock investors should be aware that Barings BDC Inc. (BBDC) stock had its last reported insider trading activity 41 days ago on Jul 18. On Jul 18, Director BYERS STEPHEN R acquired 400 shares at $8.03 each. This transaction resulted in the insider spending $3,210. On May 16, O’Connor Michael James added 25,000 shares at a price of US$7.43. After the transaction, the insider now owns 25,000 shares. Principal Accounting Officer Murray Elizabeth A. had earlier bought 2,500 shares on May 11 for $7.23 a share. The transaction was completed for $18,075.
Valuation Metrics
Barings BDC Inc. (BBDC) has a trailing price-to-earnings (P/E) ratio of 11.04. Beta for the stock is 0.69. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.72, the price-to-book (PB) ratio of 0.81.
Company paid $0.26 per share in dividends, an increase of 4.0% from $0.25 last year.
Financial Health
Based on annual data, it had gross profit of $202.63 million and revenue of $219.13 million.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. EBITDA was $52.72 million for the quarter. At the end of Barings BDC Inc.’s most recent quarter, its total debt was $1.49 billion. Equity owned by shareholders amounts to $106.52 million.
Technical Picture
Here’s a quick look at Barings BDC Inc.’s (BBDC) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 72.05%, suggesting the stock is Overbought, with a 15.52% historical volatility rate.
The stochastic %K and %D were 86.53% and 84.21% respectively, while the average true range (ATR) was 0.15. Based on the 14-day stochastic reading of 89.90%, the RSI (14) reading is 73.15%. On the 9-day MACD Oscillator, the stock is at 0.01, and the 14-day reading is at 0.11.
Analyst Ratings
Barings BDC Inc. (NYSE: BBDC) was downgraded by Oppenheimer to a a Perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Barings BDC Inc. (BBDC) an Overweight rating. BBDC is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 4 others recommend it as a buy.
What is BBDC’s price target for the next 12 months?
The current consensus forecast for the stock is between $9.00 and $11.00, with a median target price of $10.00. In analyzing these forecasts, the average price target given by analysts for Barings BDC Inc. (BBDC) is $9.82.
