Golub Capital BDC (NASDAQ:GBDC – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.
A number of other equities research analysts have also commented on the company. Keefe, Bruyette & Woods upped their target price on Golub Capital BDC from $16.50 to $17.00 and gave the company an “outperform” rating in a research report on Wednesday, November 22nd. Wells Fargo & Company increased their price objective on Golub Capital BDC from $15.00 to $15.50 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Finally, Raymond James raised their target price on Golub Capital BDC from $16.00 to $16.50 and gave the stock an “outperform” rating in a research note on Tuesday, January 23rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $16.25.
Golub Capital BDC Stock Performance
NASDAQ GBDC traded up $0.03 on Wednesday, reaching $15.84. 656,522 shares of the stock were exchanged, compared to its average volume of 903,228. The firm has a market capitalization of $2.70 billion, a PE ratio of 8.70 and a beta of 0.57. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.20. Golub Capital BDC has a one year low of $12.57 and a one year high of $16.14. The company’s 50-day simple moving average is $15.60 and its two-hundred day simple moving average is $15.00.
Golub Capital BDC (NASDAQ:GBDC – Get Free Report) last posted its quarterly earnings data on Monday, February 5th. The investment management company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). The firm had revenue of $164.77 million for the quarter, compared to analysts’ expectations of $160.93 million. Golub Capital BDC had a return on equity of 12.53% and a net margin of 48.94%. Analysts expect that Golub Capital BDC will post 1.93 EPS for the current fiscal year.
Institutional Trading of Golub Capital BDC
A number of institutional investors have recently bought and sold shares of GBDC. Neo Ivy Capital Management purchased a new stake in shares of Golub Capital BDC in the second quarter valued at $30,000. Private Trust Co. NA lifted its position in shares of Golub Capital BDC by 1,005.0% in the fourth quarter. Private Trust Co. NA now owns 2,199 shares of the investment management company’s stock valued at $33,000 after acquiring an additional 2,000 shares in the last quarter. US Bancorp DE lifted its position in shares of Golub Capital BDC by 45.0% in the fourth quarter. US Bancorp DE now owns 2,296 shares of the investment management company’s stock valued at $35,000 after acquiring an additional 713 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Golub Capital BDC by 77.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,463 shares of the investment management company’s stock valued at $52,000 after purchasing an additional 1,508 shares during the last quarter. Finally, State of Wyoming acquired a new position in Golub Capital BDC in the second quarter valued at $84,000. 40.82% of the stock is currently owned by hedge funds and other institutional investors.
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.