Golub Capital BDC (NASDAQ:GBDC) Rating Increased to Hold at StockNews.com

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

A number of other brokerages also recently weighed in on GBDC. Oppenheimer reiterated an “outperform” rating and issued a $17.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Wells Fargo & Company decreased their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.40.

Golub Capital BDC Trading Down 0.2 %

NASDAQ GBDC opened at $15.49 on Friday. The company has a market capitalization of $2.66 billion, a PE ratio of 10.99 and a beta of 0.54. The company has a fifty day moving average of $15.23 and a 200 day moving average of $15.39. Golub Capital BDC has a 1 year low of $14.05 and a 1 year high of $17.72. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 4.73.

Insider Transactions at Golub Capital BDC

In related news, Chairman Lawrence E. Golub bought 20,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was acquired at an average price of $14.91 per share, with a total value of $298,200.00. Following the completion of the purchase, the chairman now directly owns 1,998,880 shares of the company’s stock, valued at approximately $29,803,300.80. This trade represents a 1.01 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.01% of the company’s stock.

Institutional Trading of Golub Capital BDC

A number of institutional investors and hedge funds have recently modified their holdings of GBDC. Hexagon Capital Partners LLC grew its stake in Golub Capital BDC by 171.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock valued at $32,000 after acquiring an additional 1,355 shares in the last quarter. Allworth Financial LP grew its stake in Golub Capital BDC by 135.6% during the 3rd quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock valued at $35,000 after acquiring an additional 1,347 shares in the last quarter. Cove Street Capital LLC purchased a new stake in Golub Capital BDC during the 2nd quarter valued at about $39,000. Quarry LP purchased a new stake in Golub Capital BDC during the 2nd quarter valued at about $61,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in Golub Capital BDC during the 2nd quarter valued at 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.