Shares of Barings BDC Inc. (NYSE:BBDC) traded at a new 52-week high today of $11.05. This new high was reached on below average trading volume as 77,000 shares traded hands, while the average 30-day volume is approximately 179,000 shares.
In the past 52 weeks, Barings BDC Inc. share prices are bracketed by a low of $7.41 and a high of $11.05 and is now at $11.04, 49% above that low price.
Based on a current price of $11.04, Barings BDC Inc. is currently 90.3% above its average consensus analyst price target of $1.07.
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.
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