As of Wednesday close, Barings BDC Inc.’s (NYSE:BBDC) stock was up $0.01, moving up 0.11 percent to $9.29. The average number of shares traded per day over the past five days has been 809,900 shares. 5 times new highs have been achieved over the past 5 days, with a $0.18 gain in that time frame. In the last twenty days, the average volume was 591,270, while in the previous 50 days, it was 482,978.
Since last month, BBDC stock rose 11.52%. Shares of the company fell to $8.25 on 08/02/23, the lowest level in the past month. A 52-week high of $10.09 was reached on 08/30/23 after having rallying from a 52-week low of $6.96. Since the beginning of this year, BBDC’s stock price has risen by 13.99% or $1.14, and marked a new high 14 times. However, the stock has declined by -7.92% since its 52-week high.
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BBDC stock investors should be aware that Barings BDC Inc. (BBDC) stock had its last reported insider trading activity 44 days ago on Jul 18. BYERS STEPHEN R, the Director of the company, purchased of 400 shares for $8.03 on Jul 18. It resulted in a $3,210 investment by the insider. O’Connor Michael James added 25,000 shares at an average price of $7.43 on May 16. The insider now owns 25,000 shares following the transaction. On May 11, Principal Accounting Officer Murray Elizabeth A. bought 2,500 shares at $7.23 apiece. The transaction was valued at $18,075.
Valuation Metrics
Right now, Barings BDC Inc. (BBDC) has a P/E ratio of about 11.19. The stock’s beta is 0.70. Besides these, the trailing price-to-sales (P/S) ratio of 3.77, the price-to-book (PB) ratio of 0.82.
The latest dividend of $0.26 per share was paid out, which is 4.0% more than last year’s $0.25.
Financial Health
Based on annual data, BBDC earned $202.63 million in gross profit and brought in $219.13 million in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Barings BDC Inc. to report $0.29 quarterly earnings, the actual figure was $0.31 per share, beating the consensus estimate by 6.90%. During the quarter, the company generated $52.72 million in EBITDA. The value of shareholders’ equity is $106.52 million.
Technical Picture
This quick technical analysis looks at Barings BDC Inc.’s (BBDC) price momentum. With a historical volatility rate of 7.34%, the RSI 9-day stood at 77.57% on 30 August.
With respect to its five-day moving average, the current Barings BDC Inc. price is up by +1.98% percent or $0.18. At present, BBDC shares trade +11.39% above its 20-day simple moving average and +20.81% percent above its 100-day simple moving average. However, the stock is currently trading approximately +19.87% above its SMA50 and +2.09% above its SMA200.
Stochastic coefficient K was 91.59% and Stochastic coefficient D was 91.65%, while ATR was 0.13. Given the Stochastic reading of 84.21% for the 14-day period, the RSI (14) reading has been calculated as 76.53%. As of today, the MACD Oscillator reading stands at 0.10, while the 14-day reading stands at 0.11.
Analyst Ratings
Barings BDC Inc. downgraded its rating on Barings BDC Inc. (NYSE: BBDC) to a Perform in a note to investors on February 24, 2023. The analysts firm previously had an Outperform rating on the stock.Barings BDC Inc. (BBDC) has been rated Overweight by analysts. According to 0 brokerage firms, BBDC is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Barings BDC Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $9.00 – $11.00. Based on these forecasts, analysts predict Barings BDC Inc. (BBDC) will achieve an average price target of $9.82.
