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

Golub Capital BDC (NASDAQ:GBDCGet Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other equities research analysts have also commented on GBDC. Wells Fargo & Company upped their price objective on Golub Capital BDC from $15.00 to $15.50 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Raymond James lifted their price target on Golub Capital BDC from $16.00 to $16.50 and gave the stock an “outperform” rating in a research report on Tuesday, January 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on Golub Capital BDC from $16.50 to $17.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and an average price target of $16.25.

Get Our Latest Report on GBDC

Golub Capital BDC Trading Down 0.1 %

Shares of GBDC opened at $15.81 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.15 and a current ratio of 3.15. The firm has a 50 day moving average price of $15.59 and a 200-day moving average price of $14.99. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 8.69 and a beta of 0.57. Golub Capital BDC has a fifty-two week low of $12.44 and a fifty-two week high of $16.14.

Golub Capital BDC (NASDAQ:GBDCGet Free Report) last released its quarterly earnings results 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 business had revenue of $164.77 million for the quarter, compared to analysts’ expectations of $160.93 million. Golub Capital BDC had a net margin of 48.94% and a return on equity of 12.53%. As a group, equities research analysts forecast that Golub Capital BDC will post 1.93 earnings per share for the current year.

Hedge Funds Weigh In On Golub Capital BDC

Large investors have recently added to or reduced their stakes in the company. Private Trust Co. NA increased its stake in 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 during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Golub Capital BDC during the 2nd quarter valued at approximately $30,000. US Bancorp DE lifted its stake in Golub Capital BDC by 45.0% in the 4th quarter. US Bancorp DE now owns 2,296 shares of the investment management company’s stock worth $35,000 after purchasing an additional 713 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Golub Capital BDC by 77.1% during the 4th 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 bought a new stake in Golub Capital BDC in the 2nd quarter worth $84,000. Institutional investors own 40.82% of the company’s stock.

About Golub Capital BDC

(Get Free Report)

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.

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