Golub Capital BDC (NASDAQ:GBDC) Raised to "Hold" at StockNews.com

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Monday.

Separately, Wells Fargo & Company dropped their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating for the company in a report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $16.38.

Golub Capital BDC Stock Performance

Shares of NASDAQ:GBDC traded down $0.12 during midday trading on Monday, hitting $14.91. The company had a trading volume of 1,359,795 shares, compared to its average volume of 1,278,724. 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 company has a market cap of $3.96 billion, a price-to-earnings ratio of 10.80 and a beta of 0.50. Golub Capital BDC has a 12-month low of $14.05 and a 12-month high of $17.72. The company has a fifty day moving average of $15.45 and a two-hundred day moving average of $15.27.

Remove Ads

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted 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 return on equity of 11.18% and a net margin of 39.63%. On average, equities research analysts expect that Golub Capital BDC will post 1.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Golub Capital BDC

A number of institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC boosted its stake in shares of Golub Capital BDC by 6.1% during the third quarter. Janney Montgomery Scott LLC now owns 88,294 shares of the investment management company's stock valued at $1,334,000 after purchasing an additional 5,057 shares in the last quarter. SpiderRock Advisors LLC acquired a new stake in Golub Capital BDC in the third quarter valued at approximately $621,000. Atria Investments Inc boosted its stake in Golub Capital BDC by 9.3% in the third quarter. Atria Investments Inc now owns 97,163 shares of the investment management company's stock valued at $1,468,000 after acquiring an additional 8,273 shares in the last quarter. GSA Capital Partners LLP boosted its stake in Golub Capital BDC by 9.6% in the third quarter. GSA Capital Partners LLP now owns 19,217 shares of the investment management company's stock valued at $290,000 after acquiring an additional 1,685 shares in the last quarter. Finally, First National Trust Co acquired a new stake in shares of Golub Capital BDC during the third quarter worth $3,992,000. 42.38% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.