Barings BDC Inc. (NYSE:BBDC) traded today at a new 52-week high of $11.28. So far today approximately 83,000 shares have been exchanged, as compared to an average 30-day volume of 226,000 shares.
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.
In the past 52 weeks, shares of Barings BDC Inc. have traded between a low of $7.41 and a high of $11.28 and is now at $11.20, which is 51% above that low price.
Barings BDC Inc. (NYSE:BBDC) defies analysts with a current price ($11.20) 90.3% above its average consensus price target of $1.09.
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