Royal Bank Of Canada Upgrades Golub Capital BDC (NASDAQ:GBDC) to “Moderate Buy”

Golub Capital BDC (NASDAQ:GBDC) was upgraded by Royal Bank Of Canada to a “moderate buy” rating in a research note issued on Friday,Zacks.com reports.

GBDC has been the topic of several other reports. Lucid Cap Mkts upgraded shares of Golub Capital BDC to a “strong-buy” rating in a research report on Thursday, January 15th. Capital One Financial set a $15.00 target price on shares of Golub Capital BDC in a research report on Thursday, January 15th. Wells Fargo & Company decreased their target price on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Wall Street Zen upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $14.50.

Golub Capital BDC Stock Performance

NASDAQ GBDC opened at $13.63 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.24 and a quick ratio of 2.24. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 10.90 and a beta of 0.40. The company’s fifty day moving average is $12.51 and its two-hundred day moving average is $13.31. Golub Capital BDC has a 52-week low of $11.77 and a 52-week high of $15.63.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.38. The company had revenue of $110.18 million for the quarter, compared to analyst estimates of $208.89 million. Golub Capital BDC had a net margin of 38.57% and a return on equity of 10.37%. During the same period last year, the business posted $0.42 EPS. Equities research analysts forecast that Golub Capital BDC will post 1.6 EPS for the current year.

Institutional Trading of Golub Capital BDC

Several institutional investors have recently made changes to their positions in the business. Comprehensive Money Management Services LLC boosted its position in shares of Golub Capital BDC by 7.8% during the 3rd quarter. Comprehensive Money Management Services LLC now owns 12,500 shares of the investment management company’s stock valued at $171,000 after acquiring an additional 900 shares in the last quarter. Colton Groome Financial Advisors LLC lifted its holdings in Golub Capital BDC by 9.0% during the 3rd quarter. Colton Groome Financial Advisors LLC now owns 11,078 shares of the investment management company’s stock valued at $152,000 after purchasing an additional 913 shares during the last quarter. Truist Financial Corp lifted its holdings in Golub Capital BDC by 5.6% during the 3rd quarter. Truist Financial Corp now owns 19,603 shares of the investment management company’s stock valued at $268,000 after purchasing an additional 1,035 shares during the last quarter. Keel Point LLC lifted its holdings in Golub Capital BDC by 2.7% during the 2nd quarter. Keel Point LLC now owns 39,845 shares of the investment management company’s stock valued at $584,000 after purchasing an additional 1,039 shares during the last quarter. Finally, Riverbridge Partners LLC lifted its holdings in Golub Capital BDC by 2.3% during the 3rd quarter. Riverbridge Partners LLC now owns 46,889 shares of the investment management company’s stock valued at $642,000 after purchasing an additional 1,049 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Company Profile

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.