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

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

Separately, Wells Fargo & Company dropped their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.38.

Golub Capital BDC Stock Up 0.3 %

Shares of NASDAQ GBDC opened at $15.01 on Wednesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94. The stock has a market capitalization of $3.99 billion, a PE ratio of 10.88 and a beta of 0.50. Golub Capital BDC has a one year low of $14.05 and a one year high of $17.72. The business’s fifty day moving average price is $15.39 and its 200-day moving average price is $15.25.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. On average, equities research analysts anticipate that Golub Capital BDC will post 1.6 EPS for the current year.

Institutional Trading of Golub Capital BDC

Several institutional investors and hedge funds have recently bought and sold shares of GBDC. Optiver Holding B.V. grew its position in shares of Golub Capital BDC by 28.7% during the 4th quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 688 shares in the last quarter. Signaturefd LLC increased its stake in Golub Capital BDC by 0.7% in the 4th quarter. Signaturefd LLC now owns 106,746 shares of the investment management company’s stock worth $1,618,000 after acquiring an additional 704 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Golub Capital BDC by 1.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 71,988 shares of the investment management company’s stock valued at $1,101,000 after acquiring an additional 769 shares in the last quarter. Snowden Capital Advisors LLC boosted its position in shares of Golub Capital BDC by 0.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 187,252 shares of the investment management company’s stock valued at $2,839,000 after acquiring an additional 814 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Golub Capital BDC by 36.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock worth $47,000 after purchasing an additional 827 shares in the last quarter. 42.38% 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.