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

Golub Capital BDC (NASDAQ:GBDC) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

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

Golub Capital BDC Price Performance

Shares of GBDC stock traded down $0.01 during midday trading on Thursday, reaching $15.06. 1,363,450 shares of the company traded hands, compared to its average volume of 1,171,238. The firm’s 50 day simple moving average is $14.85 and its two-hundred day simple moving average is $15.74. Golub Capital BDC has a 1-year low of $14.02 and a 1-year high of $17.72. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01. The firm has a market cap of $2.58 billion, a PE ratio of 7.42 and a beta of 0.53.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data 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). Golub Capital BDC had a return on equity of 11.99% and a net margin of 42.14%. The business had revenue of $171.27 million for the quarter, compared to analysts’ expectations of $205.24 million. During the same period last year, the business earned $0.44 earnings per share. On average, equities research analysts expect that Golub Capital BDC will post 1.92 EPS for the current fiscal year.

Insider Activity

In related news, Director Anita J. Rival bought 26,000 shares of the business’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 purchase, the director now owns 95,000 shares in the company, valued at $1,368,000. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Chairman Lawrence E. Golub bought 20,000 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were acquired at an average price of $15.01 per share, for a total transaction of $300,200.00. Following the purchase, the chairman now owns 1,858,880 shares in the company, valued at $27,901,788.80. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Anita J. Rival acquired 26,000 shares of the company’s stock in a transaction that occurred on 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 purchase, the director now owns 95,000 shares of the company’s stock, valued at $1,368,000. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 146,000 shares of company stock worth $2,159,400. 2.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Golub Capital BDC

Several institutional investors and hedge funds have recently bought and sold shares of GBDC. Neville Rodie & Shaw Inc. increased its stake in shares of Golub Capital BDC by 1.2% in the first quarter. Neville Rodie & Shaw Inc. now owns 53,842 shares of the investment management company’s stock valued at $895,000 after purchasing an additional 622 shares during the period. Chicago Partners Investment Group LLC lifted its position in Golub Capital BDC by 4.3% in the 4th quarter. Chicago Partners Investment Group LLC now owns 18,575 shares of the investment management company’s stock worth $286,000 after buying an additional 771 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its position in Golub Capital BDC by 3.0% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 33,077 shares of the investment management company’s stock worth $550,000 after buying an additional 970 shares in the last quarter. Wedbush Securities Inc. lifted its position in Golub Capital BDC by 2.8% in the 2nd quarter. Wedbush Securities Inc. now owns 37,031 shares of the investment management company’s stock worth $582,000 after buying an additional 1,000 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC lifted its position in Golub Capital BDC by 2.6% in the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 44,944 shares of the investment management company’s stock worth $706,000 after buying an additional 1,123 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

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.