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

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

GBDC has been the topic of a number of other reports. Wells Fargo & Company reduced their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. Oppenheimer reiterated an “outperform” rating and issued a $17.00 price objective on shares of Golub Capital BDC in a report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods lowered their target price on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.40.

Golub Capital BDC Stock Down 0.2 %

Shares of NASDAQ GBDC opened at $14.89 on Friday. The stock has a fifty day moving average price of $14.98 and a 200 day moving average price of $15.82. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 1.06. Golub Capital BDC has a 12-month low of $13.95 and a 12-month high of $17.72. The company has a market cap of $2.55 billion, a P/E ratio of 7.33 and a beta of 0.53.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Monday, August 5th. The investment management company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $171.27 million for the quarter, compared to analysts’ expectations of $205.24 million. Golub Capital BDC had a net margin of 42.14% and a return on equity of 11.99%. During the same quarter in the previous year, the business posted $0.44 earnings per share. Research analysts anticipate that Golub Capital BDC will post 1.92 EPS for the current fiscal year.

Insider Activity

In other news, Director Anita J. Rival acquired 26,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $14.40 per share, with a total value of $374,400.00. Following the completion of the acquisition, the director now directly owns 95,000 shares in the company, valued at $1,368,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Golub Capital BDC news, Director Anita J. Rival acquired 26,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $14.40 per share, with a total value of $374,400.00. Following the completion of the acquisition, the director now directly owns 95,000 shares in the company, valued at approximately $1,368,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Lawrence E. Golub bought 20,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were acquired at an average cost of $15.01 per share, for a total transaction of $300,200.00. Following the completion of the acquisition, the chairman now directly owns 1,858,880 shares of the company’s stock, valued at approximately $27,901,788.80. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 146,000 shares of company stock worth $2,159,400. 2.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Golub Capital BDC

A number of large investors have recently bought and sold shares of the business. Northeast Financial Consultants Inc lifted its stake in Golub Capital BDC by 151.8% in the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after buying an additional 1,268,442 shares during the last quarter. Millennium Management LLC lifted its position in Golub Capital BDC by 1,170.6% in the 2nd quarter. Millennium Management LLC now owns 786,569 shares of the investment management company’s stock valued at $12,357,000 after purchasing an additional 724,662 shares during the last quarter. Boston Partners acquired a new position in Golub Capital BDC during the 1st quarter valued at about $12,126,000. Van ECK Associates Corp grew its position in Golub Capital BDC by 22.3% in the 2nd quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company’s stock worth $55,190,000 after purchasing an additional 640,866 shares during the last quarter. Finally, 1832 Asset Management L.P. bought a new position in Golub Capital BDC in the 2nd quarter worth about $9,426,000. 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.