Wall Street Zen Upgrades Golub Capital BDC (NASDAQ:GBDC) to “Hold”

Golub Capital BDC (NASDAQ:GBDC) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Other analysts have also issued research reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Monday, December 8th. Keefe, Bruyette & Woods dropped their price target on Golub Capital BDC from $15.50 to $15.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.83.

Golub Capital BDC Stock Performance

NASDAQ:GBDC opened at $13.76 on Friday. Golub Capital BDC has a twelve month low of $12.68 and a twelve month high of $16.00. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 1.23. The stock’s 50-day simple moving average is $13.94 and its 200 day simple moving average is $14.44. The firm has a market capitalization of $3.63 billion, a PE ratio of 9.69 and a beta of 0.43.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Tuesday, November 18th. The investment management company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The firm had revenue of $217.84 million during the quarter, compared to analysts’ expectations of $220.54 million. Golub Capital BDC had a net margin of 43.25% and a return on equity of 10.40%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 earnings per share. On average, analysts anticipate that Golub Capital BDC will post 1.6 EPS for the current fiscal year.

Institutional Investors Weigh In On Golub Capital BDC

A number of institutional investors have recently made changes to their positions in GBDC. Adams Asset Advisors LLC raised its holdings in Golub Capital BDC by 71.7% during the 2nd quarter. Adams Asset Advisors LLC now owns 137,723 shares of the investment management company’s stock worth $2,018,000 after purchasing an additional 57,533 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Golub Capital BDC by 29.2% in the 1st quarter. Raymond James Financial Inc. now owns 380,999 shares of the investment management company’s stock valued at $5,768,000 after purchasing an additional 86,161 shares during the last quarter. Ethos Financial Group LLC acquired a new stake in shares of Golub Capital BDC during the first quarter worth $399,000. Focus Partners Advisor Solutions LLC bought a new position in Golub Capital BDC during the first quarter worth $292,000. Finally, Strs Ohio acquired a new position in Golub Capital BDC in the first quarter valued at $232,864,000. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Company Profile

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.