BidaskClub upgraded shares of Golub Capital BDC (NASDAQ:GBDC) from a sell rating to a hold rating in a research note released on Monday morning.

Several other analysts have also commented on the stock. ValuEngine upgraded shares of Golub Capital BDC from a hold rating to a buy rating in a research report on Saturday, December 9th. Zacks Investment Research lowered shares of Golub Capital BDC from a hold rating to a sell rating in a research report on Thursday, November 23rd. Finally, National Securities reiterated a neutral rating and issued a $19.00 price target on shares of Golub Capital BDC in a research report on Wednesday, November 22nd. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $19.88.

Shares of Golub Capital BDC (GBDC) opened at $18.16 on Monday. The company has a market cap of $1,080.14, a P/E ratio of 13.84, a PEG ratio of 1.41 and a beta of 0.65. Golub Capital BDC has a 1 year low of $17.35 and a 1 year high of $20.50. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.56 and a quick ratio of 3.56.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Monday, November 20th. The investment management company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. The business had revenue of $34.95 million for the quarter, compared to analyst estimates of $36.78 million. Golub Capital BDC had a net margin of 58.06% and a return on equity of 7.90%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 earnings per share. sell-side analysts predict that Golub Capital BDC will post 1.28 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in GBDC. Wells Fargo & Company MN lifted its stake in shares of Golub Capital BDC by 15.7% during the third quarter. Wells Fargo & Company MN now owns 1,460,439 shares of the investment management company’s stock valued at $27,486,000 after buying an additional 198,503 shares during the period. Atlantic Trust Group LLC lifted its stake in shares of Golub Capital BDC by 388.8% during the third quarter. Atlantic Trust Group LLC now owns 138,334 shares of the investment management company’s stock valued at $2,603,000 after buying an additional 110,034 shares during the period. Novare Capital Management LLC lifted its stake in shares of Golub Capital BDC by 350.6% during the fourth quarter. Novare Capital Management LLC now owns 134,950 shares of the investment management company’s stock valued at $2,456,000 after buying an additional 105,000 shares during the period. Sumitomo Mitsui Asset Management Company LTD lifted its stake in shares of Golub Capital BDC by 34.7% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 305,734 shares of the investment management company’s stock valued at $5,753,000 after buying an additional 78,720 shares during the period. Finally, Dean Capital Investments Management LLC purchased a new position in shares of Golub Capital BDC during the fourth quarter valued at approximately $1,145,000. 40.42% of the stock is currently owned by institutional investors and hedge funds.

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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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