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Highlights

  • Wells Fargo has upgraded Barings BDC outlook from Equal-Weight to Overweight
  • Institutional investors own 49.06 million shares, down 4.78% in the last quarter
  • Projected annual revenue at USD 280 million; non-GAAP EPS forecasted at 1.28

Wells Fargo analysts revised their outlook on Barings BDC (NYSE: BBDC), upgrading the stock from Equal-Weight to Overweight. Barings BDC, Inc. is a publicly traded, externally managed investment company that operates as a business development company under the Investment Company Act of 1940.

Fund sentiment data shows that 231 institutional funds currently report holdings in Barings BDC, representing an increase of 12 owners or 5.48% over the last quarter. Despite this rise in fund ownership, total shares owned by institutions decreased by 4.78% in the same period, bringing the total to approximately 49.06 million shares. The average portfolio weight of all funds dedicated to BBDC rose by 0.73%, now standing at 0.14%.

Barings BDC’s projected annual revenue for FY25 is USD 280 million, reflecting a slight decrease of 0.26%. The company’s projected annual non-GAAP earnings per share (EPS) are 1.28, signaling expectations for modest profitability in the upcoming period.