Golub Capital BDC (NASDAQ:GBDC) Rating Increased to Hold at Zacks Research

Golub Capital BDC (NASDAQ:GBDC) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th. Oppenheimer reaffirmed an “outperform” rating and issued a $14.00 target price on shares of Golub Capital BDC in a report on Wednesday, May 6th. Wall Street Zen lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Sunday, April 19th. Finally, Royal Bank Of Canada dropped their price target on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Golub Capital BDC Stock Down 0.9%

Shares of NASDAQ GBDC opened at $12.75 on Monday. The business has a 50-day moving average price of $12.97 and a 200 day moving average price of $12.96. The stock has a market cap of $3.32 billion, a PE ratio of 16.56 and a beta of 0.39. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.25. 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 issued its quarterly earnings data on Monday, May 4th. The investment management company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The firm had revenue of ($5.28) million during the quarter, compared to analysts’ expectations of $201.71 million. Golub Capital BDC had a net margin of 24.64% and a return on equity of 10.20%. During the same quarter in the prior year, the firm posted $0.30 EPS. Equities research analysts forecast that Golub Capital BDC will post 1.36 earnings per share for the current year.

Institutional Trading of Golub Capital BDC

Hedge funds and other institutional investors have recently made changes to their positions in the company. Orographic Financial Advisors LLC acquired a new position in shares of Golub Capital BDC during the first quarter worth about $1,069,000. Sunbelt Securities Inc. purchased a new stake in Golub Capital BDC in the 1st quarter valued at approximately $139,000. Royal Bank of Canada boosted its holdings in Golub Capital BDC by 2.4% in the 1st quarter. Royal Bank of Canada now owns 100,967 shares of the investment management company’s stock valued at $1,278,000 after purchasing an additional 2,401 shares in the last quarter. Empowered Funds LLC increased its position in Golub Capital BDC by 19.2% during the 1st quarter. Empowered Funds LLC now owns 34,828 shares of the investment management company’s stock worth $441,000 after purchasing an additional 5,619 shares during the period. Finally, Evercore Wealth Management LLC raised its stake in shares of Golub Capital BDC by 10.2% during the 1st quarter. Evercore Wealth Management LLC now owns 62,814 shares of the investment management company’s stock worth $795,000 after buying an additional 5,838 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

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.