Barings Global Short Duration H which can be found using ticker (BGH) have now 6 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The range between the high target price and low target price is between 48 and 30 calculating the mean target price we have $40.92. Now with the previous closing price of $13.23 and the analysts are correct then there would likely be a percentage uptick in value of 209.3%. Also worth taking note is the 50 day moving average now sits at $13.17 while the 200 day moving average is $13.18. The total market capitalization for the company now stands at $267m. Visit the company website at: https://www.babsoncapital.com/Strategies/Trusts/BGH/Default.aspx
The potential market cap would be $825m based on the market consensus.
Babson Capital Global Short Duration High Yield Fund is a closed ended fixed income mutual fund launched and managed by Barings LLC. The fund is co-managed by Babson Capital Global Advisors Limited. It invests in fixed income markets across the globe. The fund primarily invests in global high-yield bonds, loans, and other income-producing instruments that are, at the time of purchase, rated below Baa3 by Moody’s Investors Service or below BBB- by Standard & Poor’s Rating Services. It seeks to invest in securities with a weighted average portfolio duration of three years or less. The fund employs bottom-up fundamental analysis to create its portfolio. It benchmarks the performance of its portfolio against the Bank of America/Merrill Lynch Global Non-Financial High Yield Constrained Index. The fund was formerly known as Babson Capital Global Short Duration High Yield Fund. Babson Capital Global Short Duration High Yield Fund was formed on October 25, 2012 and is domiciled in the United States.
The company has a dividend yield of 9.58% with the ex dividend date set at 19-5-2023 (DMY).
