Jefferies Believes Barings BDC (NYSE: BBDC) Won’t Stop Here

In a report issued on April 16, John Hecht from Jefferies maintained a Buy rating on Barings BDC (BBDCResearch Report), with a price target of $11.50. The company’s shares closed last Friday at $10.33, close to its 52-week high of $10.39.

According to, Hecht is a 5-star analyst with an average return of 14.1% and a 69.7% success rate. Hecht covers the Financial sector, focusing on stocks such as Discover Financial Services, Consumer Portfolio Services, and Apollo Investment Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Barings BDC with a $10.92 average price target.

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Based on Barings BDC’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $27.01 million and net profit of $22.77 million. In comparison, last year the company earned revenue of $12.52 million and had a net profit of $10.59 million.

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BBDC in relation to earlier this year.

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Barings BDC, Inc. engages in the provision of customized financing primarily to lower middle market companies. Its investment objective is to seek returns by generating current income from our debt investments, and capital appreciation from our equity-related investments. Its portfolio includes Aden and Anais, AGM Automotive, All Metals, American Silk, Avantor Performance Materials, and others. The company was founded by Garland S. Tucker III, Brent P.W. Burgess, Steven C. Lilly, Cary B. Nordan and David F. Parker on October 10, 2006 and is headquartered in Charlotte, NC.