Golub Capital BDC (NASDAQ:GBDC) Raised to “Hold” at Wall Street Zen

Golub Capital BDC (NASDAQ:GBDC) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Other research analysts also recently issued reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Monday, December 29th. Lucid Cap Mkts upgraded Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. Keefe, Bruyette & Woods decreased their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Capital One Financial set a $15.00 target price on Golub Capital BDC in a research report on Thursday, January 15th. Finally, Wells Fargo & Company cut their price target on Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $14.38.

Golub Capital BDC Price Performance

NASDAQ GBDC opened at $12.12 on Friday. The company has a 50-day moving average price of $13.06 and a 200-day moving average price of $13.71. Golub Capital BDC has a 52 week low of $11.77 and a 52 week high of $15.63. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $3.19 billion, a P/E ratio of 9.70 and a beta of 0.45.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Wednesday, February 4th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. The company had revenue of $110.18 million for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $0.42 earnings per share. Equities research analysts anticipate that Golub Capital BDC will post 1.6 earnings per share for the current year.

Hedge Funds Weigh In On Golub Capital BDC

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP increased its holdings in Golub Capital BDC by 116.8% in the 2nd quarter. Allworth Financial LP now owns 2,192 shares of the investment management company’s stock valued at $32,000 after acquiring an additional 1,181 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Golub Capital BDC during the 3rd quarter valued at about $33,000. MTM Investment Management LLC bought a new position in shares of Golub Capital BDC during the 2nd quarter valued at about $41,000. First Horizon Advisors Inc. purchased a new position in shares of Golub Capital BDC during the second quarter valued at about $41,000. Finally, CWM LLC grew its position in shares of Golub Capital BDC by 13,588.0% during the third quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 3,397 shares in the last quarter. Institutional investors own 42.38% of the company’s stock.

About Golub Capital BDC

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.