Barings BDC, Inc.’s recent filing unveils that its Director BYERS STEPHEN R acquired Company’s shares for reported $5529.0 on Feb 28 ’24. In the deal valued at $9.70 per share,570 shares were bought. As a result of this transaction, BYERS STEPHEN R now holds 21,647 shares worth roughly $0.2 million.
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Then, BYERS STEPHEN R bought 400 shares, generating $3,210 in total proceeds. Upon buying the shares at $8.03, the Director now owns 21,077 shares.
Before that, O’Connor Michael James bought 25,000 shares. Barings BDC, Inc. shares valued at $185,732 were divested by the Adviser Board Member at a price of $7.43 per share. As a result of the transaction, O’Connor Michael James now holds 25,000 shares, worth roughly $0.23 million.
Wells Fargo downgraded its Barings BDC, Inc. [BBDC] rating to an Equal weight from a an Overweight in a research note published on November 13, 2023; the price target was decreased to $8.50 from $9. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who decreased its forecast for the stock in late February from “an Outperform” to “a Perform”. Keefe Bruyette also remained covering BBDC and has decreased its forecast on November 14, 2022 with a “Mkt perform” recommendation from previously “an Outperform” rating. Raymond James revised its rating on August 11, 2022. It rated BBDC as “an Outperform” which previously was an “a Strong buy”.
Price Performance Review of BBDC
On Friday, Barings BDC, Inc. [NYSE:BBDC] saw its stock fall -1.31% to $9.03. Over the last five days, the stock has lost -2.17%. Barings BDC, Inc. shares have risen nearly 5.24% since the year began. Nevertheless, the stocks have risen 17.58% over the past one year. While a 52-week high of $9.89 was reached on 02/28/24, a 52-week low of $6.96 was recorded on 01/02/24. SMA at 50 days reached $9.16, while 200 days put it at $8.78.
Levels Of Support And Resistance For BBDC Stock
The 24-hour chart illustrates a support level at 8.96, which if violated will result in even more drops to 8.88. On the upside, there is a resistance level at 9.14. A further resistance level may holdings at 9.24. The Relative Strength Index (RSI) on the 14-day chart is 41.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.46%. Stochastics %K at 13.47% indicates the stock is a buying.
How much short interest is there in Barings BDC, Inc.?
A steep rise in short interest was recorded in Barings BDC, Inc. stocks on Feb 29, 2024, growing by 71990.0 shares to a total of 0.87 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 0.8 million shares. There was a rise of 8.3%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.94% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.91.
The most recent change occurred on October 08, 2021 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $12 price target.
