StockNews.com Upgrades Golub Capital BDC (NASDAQ:GBDC) to “Hold”

Golub Capital BDC (NASDAQ:GBDC) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Several other equities research analysts have also commented on the company. Keefe, Bruyette & Woods decreased their price target on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Wells Fargo & Company lowered their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $17.00 price target on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Golub Capital BDC has a consensus rating of “Moderate Buy” and a consensus price target of $16.40.

Golub Capital BDC Trading Down 0.2 %

Shares of GBDC stock opened at $14.89 on Friday. The business’s fifty day moving average price is $14.98 and its 200 day moving average price is $15.82. The firm has a market capitalization of $2.55 billion, a PE ratio of 7.33 and a beta of 0.53. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01. Golub Capital BDC has a 1-year low of $13.95 and a 1-year high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Monday, August 5th. The investment management company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $171.27 million for the quarter, compared to analyst estimates of $205.24 million. Golub Capital BDC had a return on equity of 11.99% and a net margin of 42.14%. During the same period last year, the company earned $0.44 earnings per share. As a group, sell-side analysts forecast that Golub Capital BDC will post 1.92 EPS for the current fiscal year.

Insider Activity at Golub Capital BDC

In other news, Director Anita J. Rival purchased 26,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the completion of the acquisition, the director now directly owns 95,000 shares in the company, valued at approximately $1,368,000. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other Golub Capital BDC news, Director Anita J. Rival acquired 26,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $14.40 per share, for a total transaction of $374,400.00. Following the completion of the acquisition, the director now directly owns 95,000 shares of the company’s stock, valued at $1,368,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David Golub acquired 20,000 shares of the stock in a transaction dated Monday, August 19th. The stock was acquired at an average cost of $14.70 per share, with a total value of $294,000.00. Following the transaction, the chief executive officer now owns 1,758,880 shares of the company’s stock, valued at $25,855,536. The disclosure for this purchase can be found here. In the last quarter, insiders bought 146,000 shares of company stock valued at $2,159,400. 2.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Golub Capital BDC

Hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its position in Golub Capital BDC by 2.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 91,227 shares of the investment management company’s stock worth $1,378,000 after purchasing an additional 1,930 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Golub Capital BDC by 5.9% in the 4th quarter. Wells Fargo & Company MN now owns 742,235 shares of the investment management company’s stock worth $11,208,000 after buying an additional 41,270 shares during the period. D.A. Davidson & CO. boosted its holdings in Golub Capital BDC by 13.5% in the fourth quarter. D.A. Davidson & CO. now owns 162,406 shares of the investment management company’s stock valued at $2,452,000 after acquiring an additional 19,348 shares during the last quarter. Corient Private Wealth LLC grew its position in Golub Capital BDC by 11.9% during the fourth quarter. Corient Private Wealth LLC now owns 143,634 shares of the investment management company’s stock valued at $2,169,000 after acquiring an additional 15,237 shares during the period. Finally, Aigen Investment Management LP acquired a new stake in Golub Capital BDC during the fourth quarter worth about $240,000. 42.38% of the stock is owned by institutional investors and hedge funds.

About Golub Capital BDC

Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.