Barings BDC Inc’s recent filing unveils that its Officer of Adviser Freno Michael acquired Company’s shares for reported $0.27 million on May 09 ’24. In the deal valued at $9.73 per share,27,500 shares were bought. As a result of this transaction, Freno Michael now holds 71,145 shares worth roughly $0.7 million.
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Then, BYERS STEPHEN R bought 570 shares, generating $5,529 in total proceeds. Upon buying the shares at $9.70, the Director now owns 21,647 shares.
Before that, BYERS STEPHEN R bought 400 shares. Barings BDC Inc shares valued at $3,210 were divested by the Director at a price of $8.03 per share. As a result of the transaction, BYERS STEPHEN R now holds 21,077 shares, worth roughly $0.21 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 Tuesday, Barings BDC Inc [NYSE:BBDC] saw its stock jump 0.61% to $9.89. Over the last five days, the stock has gained 0.61%. Barings BDC Inc shares have risen nearly 15.27% since the year began. Nevertheless, the stocks have risen 25.99% over the past one year. While a 52-week high of $9.92 was reached on 05/15/24, a 52-week low of $7.58 was recorded on 01/02/24. SMA at 50 days reached $9.37, while 200 days put it at $9.08.
Levels Of Support And Resistance For BBDC Stock
The 24-hour chart illustrates a support level at 9.85, which if violated will result in even more drops to 9.80. On the upside, there is a resistance level at 9.92. A further resistance level may holdings at 9.95. The Relative Strength Index (RSI) on the 14-day chart is 67.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.83%. Stochastics %K at 89.08% indicates the stock is a selling.
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.
