Golub Capital BDC, Inc. (NASDAQ:GBDC) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Tuesday.

A number of other research firms have also recently commented on GBDC. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Golub Capital BDC in a research note on Wednesday, May 10th. They noted that the move was a valuation call. Zacks Investment Research cut Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. National Securities reiterated a “neutral” rating and set a $19.00 target price (up from $10.00) on shares of Golub Capital BDC in a research note on Thursday, May 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $19.50 target price on shares of Golub Capital BDC in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.60.

Golub Capital BDC (GBDC) traded up 0.16% during trading on Tuesday, hitting $19.36. 107,288 shares of the company’s stock traded hands. The company’s 50 day moving average price is $19.38 and its 200 day moving average price is $19.49. Golub Capital BDC has a 52-week low of $17.34 and a 52-week high of $20.50.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Monday, August 7th. The investment management company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. The company had revenue of $35.40 million for the quarter, compared to analysts’ expectations of $35.11 million. Golub Capital BDC had a return on equity of 7.67% and a net margin of 55.30%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. On average, analysts anticipate that Golub Capital BDC will post $1.25 earnings per share for the current year.

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Large investors have recently made changes to their positions in the stock. Global X Management Co. LLC boosted its stake in shares of Golub Capital BDC by 50.4% in the first quarter. Global X Management Co. LLC now owns 6,728 shares of the investment management company’s stock worth $134,000 after buying an additional 2,254 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Golub Capital BDC by 2.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 11,395 shares of the investment management company’s stock worth $218,000 after buying an additional 298 shares in the last quarter. IHT Wealth Management LLC boosted its stake in shares of Golub Capital BDC by 22.7% in the first quarter. IHT Wealth Management LLC now owns 12,420 shares of the investment management company’s stock worth $246,000 after buying an additional 2,300 shares in the last quarter. Evanson Asset Management LLC purchased a new stake in shares of Golub Capital BDC during the second quarter worth about $297,000. Finally, Massey Quick & Co. LLC boosted its stake in shares of Golub Capital BDC by 2.5% in the first quarter. Massey Quick & Co. LLC now owns 15,275 shares of the investment management company’s stock worth $304,000 after buying an additional 375 shares in the last quarter. Institutional investors and hedge funds own 45.36% of the company’s stock.

About Golub Capital BDC

Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.

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