Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Barings BDC Inc. shares valued at $2,188 were purchased by BYERS STEPHEN R on Jun 17. At $9.27 per share, BYERS STEPHEN R acquired 236 shares. The insider’s holdings grew to 18,121 shares worth approximately $0.17 million following the completion of this transaction.
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Also, BYERS STEPHEN R purchased 1,850 shares, netting a total of over 19,194 in proceeds. Following the buying of shares at $10.38 each, the insider now holds 17,885 shares.
Before that, BYERS STEPHEN R had added 16,035 shares to its account. In a trade valued at $164,352, the Director bought Barings BDC Inc. shares for $10.25 each. Upon closing the transaction, the insider’s holdings increased to 16,035 shares, worth approximately $0.15 million.
As published in a research note from Keefe Bruyette on November 14, 2022, Barings BDC Inc. [BBDC] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $10 from $10.50. This represents a 8.8% premium over Wednesday’s closing price. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”an Outperform”‘ outlook in a report released in mid August. As of October 08, 2021, Oppenheimer has initiated its “an Outperform” rating for BBDC. Earlier on June 25, 2021, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for BBDC stock which previously was a “an Underperform”.
Analyzing BBDC Stock Performance
On Wednesday, Barings BDC Inc. [NYSE: BBDC] plunged -1.51% to $9.12. The stock’s lowest price that day was $9.10, but it reached a high of $9.28 in the same session. During the last five days, there has been a surge of approximately 1.33%. Over the course of the year, Barings BDC Inc. shares have dropped approximately -17.24%. Shares of the company reached a 52-week high of $11.28 on 02/11/22 and a 52-week low of $7.89 on 10/13/22. A 50-day SMA is recorded $8.77, while a 200-day SMA reached $9.79.
Support And Resistance Levels for Barings BDC Inc. (BBDC)
According to the 24-hour chart, there is a support level at 9.05, which, if violated, would cause prices to drop to 8.99. In the upper region, resistance lies at 9.23. The next price resistance is at 9.35. RSI (Relative Strength Index) is 55.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.12, which suggests the price will decrease in the coming days. Percent R is at 29.09%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Barings BDC Inc. subject to short interest?
Stocks of Barings BDC Inc. saw a sharp rise in short interest on Oct 13, 2022 jumping by 0.74 million shares to 1.32 million. Data from Yahoo Finance shows that the short interest on Sep 14, 2022 was 0.58 million shares. A jump of 55.95% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.46 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.46.
Which companies own the most shares of Barings BDC Inc. (BBDC)?
In terms of Barings BDC Inc. share price expectations, FactSet research, analysts set an average price target of $10.75 in the next 12 months, up nearly 18.79% from the previous closing price of $9.26. Analysts anticipate Barings BDC Inc. stock to reach $11.50 by 2022, with the lowest price target being $10.00. In spite of this, 7 analysts ranked Barings BDC Inc. stock as a Buy at the end of 2022. On January 21, 2021, Jefferies assigned a price target of “a Buy” to the stock and upgraded coverage with a $11.