Golub Capital BDC (NASDAQ:GBDC - Get Free Report) was upgraded by StockNews.com from a "sell" rating to a "hold" rating in a research report issued on Wednesday.
Separately, Wells Fargo & Company decreased their price objective on 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $16.38.
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Golub Capital BDC Stock Up 0.2 %
Shares of GBDC stock traded up $0.03 on Wednesday, hitting $15.12. 1,644,151 shares of the stock were exchanged, compared to its average volume of 1,303,202. The business has a 50-day moving average of $15.40 and a 200 day moving average of $15.25. Golub Capital BDC has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The firm has a market capitalization of $4.01 billion, a P/E ratio of 10.96 and a beta of 0.50. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22.
Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share 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%. Equities analysts anticipate that Golub Capital BDC will post 1.6 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Partners Group Holding AG lifted its holdings in Golub Capital BDC by 48.2% during the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company's stock valued at $30,139,000 after purchasing an additional 648,855 shares during the last quarter. Barclays PLC raised its position in shares of Golub Capital BDC by 45.5% in the third quarter. Barclays PLC now owns 190,132 shares of the investment management company's stock valued at $2,873,000 after purchasing an additional 59,443 shares during the period. Eagle Bay Advisors LLC lifted its stake in shares of Golub Capital BDC by 82.1% during the 4th quarter. Eagle Bay Advisors LLC now owns 183,602 shares of the investment management company's stock worth $2,783,000 after buying an additional 82,787 shares during the last quarter. BBR Partners LLC bought a new stake in shares of Golub Capital BDC during the 3rd quarter worth about $655,000. Finally, Janney Montgomery Scott LLC grew its stake in Golub Capital BDC by 30.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 115,058 shares of the investment management company's stock valued at $1,744,000 after buying an additional 26,764 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors.
Golub Capital BDC Company Profile
(
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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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