Golub Capital BDC (NASDAQ:GBDC) Upgraded by StockNews.com to "Hold"

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

Other equities analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods decreased their price objective on Golub Capital BDC from $17.50 to $16.50 and set an "outperform" rating for the company in a report on Wednesday, August 7th. Wells Fargo & Company reduced their price target on Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating for the company in a report on Wednesday, August 7th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $17.00 price target on shares of Golub Capital BDC in a report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Golub Capital BDC presently has an average rating of "Moderate Buy" and an average price target of $16.40.

Golub Capital BDC Stock Performance

Shares of GBDC stock traded down $0.01 on Thursday, hitting $15.06. The company had a trading volume of 1,363,450 shares, compared to its average volume of 1,171,238. The firm has a market cap of $2.58 billion, a P/E ratio of 7.42 and a beta of 0.53. The company has a 50-day moving average price of $14.85 and a 200-day moving average price of $15.74. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 1.06. Golub Capital BDC has a twelve month low of $14.02 and a twelve month high of $17.72.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The investment management company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $171.27 million during the quarter, compared to analyst estimates 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 period last year, the firm earned $0.44 EPS. As a group, equities research analysts predict that Golub Capital BDC will post 1.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman Lawrence E. Golub acquired 20,000 shares of Golub Capital BDC stock in a transaction dated Thursday, September 5th. The shares were acquired at an average cost of $14.91 per share, for a total transaction of $298,200.00. Following the completion of the purchase, the chairman now owns 1,998,880 shares in the company, valued at approximately $29,803,300.80. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Golub Capital BDC news, Director Anita J. Rival bought 26,000 shares of the company's stock in a transaction that occurred on Thursday, August 8th. The shares were 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 of the company's stock, valued at $1,368,000. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Lawrence E. Golub bought 20,000 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of $14.91 per share, for a total transaction of $298,200.00. Following the acquisition, the chairman now directly owns 1,998,880 shares of the company's stock, valued at $29,803,300.80. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 146,000 shares of company stock worth $2,159,400 over the last ninety days. Corporate insiders own 2.70% of the company's stock.

Hedge Funds Weigh In On Golub Capital BDC

Several hedge funds have recently made changes to their positions in GBDC. Hexagon Capital Partners LLC grew its holdings in shares of Golub Capital BDC by 171.5% during the third quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company's stock worth $32,000 after purchasing an additional 1,355 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Golub Capital BDC during the first quarter worth about $38,000. Cove Street Capital LLC purchased a new position in shares of Golub Capital BDC during the second quarter worth about $39,000. Quarry LP purchased a new position in shares of Golub Capital BDC during the second quarter worth about $61,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Golub Capital BDC during the second quarter worth about $71,000. Hedge funds and other 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.

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