Shares of Barings BDC Inc. (NYSE:BBDC) traded at a new 52-week high today of $10.84. Approximately 275,000 shares have changed hands today, as compared to an average 30-day volume of 265,000 shares.
Barings BDC Inc. share prices have moved between a 52-week high of $10.84 and a 52-week low of $7.30 and are now trading 44% above that low price at $10.54 per share.
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.
Based on a current price of $10.54, Barings BDC Inc. is currently 92.6% above its average consensus analyst price target of $0.78.
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