Keefe, Bruyette & Woods Upgrades Golub Capital BDC (NASDAQ:GBDC) to “Outperform”

Keefe, Bruyette & Woods upgraded shares of Golub Capital BDC (NASDAQ:GBDC) from a market perform rating to an outperform rating in a research report sent to investors on Monday, Briefing.com Automated Import reports.

Several other analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Golub Capital BDC from a sell rating to a hold rating in a research note on Thursday, October 3rd. BidaskClub lowered shares of Golub Capital BDC from a sell rating to a strong sell rating in a research note on Friday, October 18th.

GBDC stock traded up $0.29 during trading on Monday, hitting $18.10. 2,513,684 shares of the company’s stock traded hands, compared to its average volume of 251,623. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 1.08. Golub Capital BDC has a 52 week low of $16.21 and a 52 week high of $19.38. The stock has a fifty day moving average price of $17.91 and a two-hundred day moving average price of $18.06. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 6.83 and a beta of 0.53.

Hedge funds have recently added to or reduced their stakes in the business. IFG Advisory LLC boosted its holdings in shares of Golub Capital BDC by 10.9% during the second quarter. IFG Advisory LLC now owns 12,484 shares of the investment management company’s stock valued at $222,000 after acquiring an additional 1,224 shares during the period. Moors & Cabot Inc. boosted its holdings in shares of Golub Capital BDC by 5.7% during the third quarter. Moors & Cabot Inc. now owns 30,139 shares of the investment management company’s stock valued at $569,000 after acquiring an additional 1,625 shares during the period. San Francisco Sentry Investment Group CA boosted its holdings in shares of Golub Capital BDC by 4.0% during the second quarter. San Francisco Sentry Investment Group CA now owns 15,485 shares of the investment management company’s stock valued at $276,000 after acquiring an additional 600 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Golub Capital BDC by 7.6% during the second quarter. JPMorgan Chase & Co. now owns 200,159 shares of the investment management company’s stock valued at $3,527,000 after acquiring an additional 14,224 shares during the period. Finally, OMERS ADMINISTRATION Corp boosted its holdings in shares of Golub Capital BDC by 1.9% during the second quarter. OMERS ADMINISTRATION Corp now owns 740,480 shares of the investment management company’s stock valued at $13,359,000 after acquiring an additional 13,586 shares during the period. Hedge funds and other institutional investors own 65.98% of the company’s stock.

About Golub Capital BDC

Golub Capital BDC, Inc 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. The company seeks to invest in the United States.

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