BidaskClub Downgrades Golub Capital BDC, Inc. (NASDAQ:GBDC) to Strong Sell

Golub Capital BDC, Inc. (NASDAQ:GBDC) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Tuesday.

Several other analysts have also issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $19.50 price target on shares of Golub Capital BDC in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Wednesday, April 12th. National Securities reaffirmed a “neutral” rating and set a $19.00 price target on shares of Golub Capital BDC in a research report on Monday, June 12th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Golub Capital BDC in a research report on Wednesday, May 10th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $19.60.

Golub Capital BDC (NASDAQ:GBDC) traded up 0.16% on Tuesday, reaching $19.36. 107,288 shares of the company were exchanged. The stock has a 50 day moving average of $19.38 and a 200 day moving average of $19.49. Golub Capital BDC has a 12-month low of $17.34 and a 12-month high of $20.50.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Monday, August 7th. The investment management company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. The business had revenue of $35.40 million for the quarter, compared to analyst estimates of $35.11 million. Golub Capital BDC had a net margin of 55.30% and a return on equity of 7.67%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. Equities research analysts forecast that Golub Capital BDC will post $1.25 EPS for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of GBDC. Cambridge Investment Research Advisors Inc. raised its stake in Golub Capital BDC by 2.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 11,395 shares of the investment management company’s stock valued at $218,000 after buying an additional 298 shares during the period. Airain ltd purchased a new stake in Golub Capital BDC during the second quarter valued at about $311,000. Geneva Advisors LLC purchased a new stake in Golub Capital BDC during the second quarter valued at about $1,850,000. First Eagle Investment Management LLC raised its stake in Golub Capital BDC by 58.2% in the second quarter. First Eagle Investment Management LLC now owns 543,700 shares of the investment management company’s stock valued at $10,396,000 after buying an additional 200,000 shares during the period. Finally, Cornerstone Capital Inc. raised its stake in Golub Capital BDC by 4.8% in the second quarter. Cornerstone Capital Inc. now owns 64,857 shares of the investment management company’s stock valued at $1,240,000 after buying an additional 2,970 shares during the period. 45.36% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.

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