Barings BDC, Inc. (NYSE: BBDC)’s stock price has decreased by -0.22 compared to its previous closing price of 9.25. However, the company has seen a 0.65% increase in its stock price over the last five trading sessions. Business Wire reported 2024-04-08 that CHARLOTTE, N.C.–(BUSINESS WIRE)–Barings BDC, Inc. (NYSE: BBDC) (“Barings BDC” or the “Company”) announced today that it will report its financial results for the first quarter ended March 31, 2024 on Tuesday, May 7, 2024, after the market closes. Barings BDC, Inc. has scheduled a conference call to discuss its first quarter 2024 financial results for Wednesday, May 8, 2024, at 9:00 a.m. ET. To listen to the call, please dial 877-407-8831 or 201-493-6736 approximately 10 minutes prior to the s.
Is It Worth Investing in Barings BDC, Inc. (NYSE: BBDC) Right Now?
Barings BDC, Inc. (NYSE: BBDC) has a higher price-to-earnings ratio of 7.69x compared to its average ratio. BBDC has 36-month beta value of 0.66. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BBDC is 105.44M, and currently, short sellers hold a 0.65% ratio of that float. The average trading volume of BBDC on April 19, 2024 was 522.34K shares.
BBDC’s Market Performance
BBDC stock saw an increase of 0.65% in the past week, with a monthly gain of 1.88% and a quarterly increase of 4.41%. The volatility ratio for the week is 1.71%, and the volatility levels for the last 30 days are 1.50% for Barings BDC, Inc. (BBDC). The simple moving average for the last 20 days is 0.19% for BBDC stock, with a simple moving average of 3.64% for the last 200 days.
Analysts’ Opinion of BBDC
Many brokerage firms have already submitted their reports for BBDC stocks, with Wells Fargo repeating the rating for BBDC by listing it as a “Equal Weight.” The predicted price for BBDC in the upcoming period, according to Wells Fargo is $8.50 based on the research report published on November 13, 2023 of the previous year 2023.
Oppenheimer, on the other hand, stated in their research note that they expect to see BBDC reach a price target of $9, previously predicting the price at $10. The rating they have provided for BBDC stocks is “Perform” according to the report published on February 24th, 2023.
Keefe Bruyette gave a rating of “Mkt Perform” to BBDC, setting the target price at $10 in the report published on November 14th of the previous year.
BBDC Trading at -0.40% from the 50-Day Moving Average
After a stumble in the market that brought BBDC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.67% of loss for the given period.
Volatility was left at 1.50%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares surge +1.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.94% upper at present.
During the last 5 trading sessions, BBDC rose by +0.82%, which changed the moving average for the period of 200-days by +18.37% in comparison to the 20-day moving average, which settled at $9.22. In addition, Barings BDC, Inc. saw 7.58% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BBDC starting from BYERS STEPHEN R, who purchase 570 shares at the price of $9.70 back on Feb 28 ’24. After this action, BYERS STEPHEN R now owns 21,647 shares of Barings BDC, Inc., valued at $5,529 using the latest closing price.
BYERS STEPHEN R, the Director of Barings BDC, Inc., purchase 400 shares at $8.03 during a trade that took place back on Jul 18 ’23, which means that BYERS STEPHEN R is holding 21,077 shares at $3,210 based on the most recent closing price.
Stock Fundamentals for BBDC
Current profitability levels for the company are sitting at:
- 2.94 for the present operating margin
- 0.54 for the gross margin
The net margin for Barings BDC, Inc. stands at 0.92. The total capital return value is set at 0.15.
Based on Barings BDC, Inc. (BBDC), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 1.2. The interest coverage ratio of the stock is 4.85.
Currently, EBITDA for the company is 129.69 million with net debt to EBITDA at 0.05. When we switch over and look at the enterprise to sales, we see a ratio of 16.82. The receivables turnover for the company is 2.64for trailing twelve months and the total asset turnover is 0.05.
Conclusion
To put it simply, Barings BDC, Inc. (BBDC) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
