Shares of Barings BDC Inc. (NYSE:BBDC) traded today at $11.38, eclipsing its 52-week high. This new high was reached on below average trading volume as 73,000 shares traded hands, while the average 30-day volume is approximately 214,000 shares.
Over the past year, Barings BDC Inc. has traded in a range of $7.60 to $11.38 and is now at $11.38, 50% above that low.
Barings BDC Inc is a US-based specialty finance company. Its core business is to provide customized finance to lower middle-market companies primarily in the United States. The company’s investment objective is to seek attractive returns by generating current income from debt investments and capital appreciation from equity related investments. It invests in high yield subordinated debt securities secured by second lien security interests in portfolio company assets, coupled with equity instruments of privately held companies as well as in senior secured debt which is restricted to a certain limit. It generates revenues in the form of interest income, primarily from investments in debt securities, and loan origination.
Barings BDC Inc. (NYSE:BBDC) is currently priced 90.4% above its average consensus analyst price target of $1.09.
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