Golub Capital BDC (NASDAQ:GBDC) Upgraded to “Hold” by StockNews.com

Golub Capital BDC (NASDAQ:GBDC) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.

A number of other brokerages have also recently weighed in on GBDC. Oppenheimer reiterated an “outperform” rating and issued a $17.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods reduced their price target on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company lowered their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and an average price target of $16.40.

Golub Capital BDC Stock Down 0.2 %

Shares of Golub Capital BDC stock traded down $0.03 during trading hours on Friday, hitting $14.89. The company had a trading volume of 1,231,938 shares, compared to its average volume of 1,143,038. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01. The company’s 50-day moving average is $15.00 and its two-hundred day moving average is $15.82. The company has a market cap of $2.55 billion, a P/E ratio of 7.33 and a beta of 0.53. Golub Capital BDC has a twelve month low of $13.95 and a twelve month high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Monday, August 5th. The investment management company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). Golub Capital BDC had a net margin of 42.14% and a return on equity of 11.99%. The company had revenue of $171.27 million during the quarter, compared to analyst estimates of $205.24 million. During the same quarter in the prior year, the company earned $0.44 EPS. Analysts anticipate that Golub Capital BDC will post 1.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Golub Capital BDC

In other Golub Capital BDC news, Director Anita J. Rival acquired 26,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $14.40 per share, with a total value of $374,400.00. Following the purchase, the director now directly owns 95,000 shares in the company, valued at approximately $1,368,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO David Golub bought 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was purchased at an average price of $14.70 per share, with a total value of $294,000.00. Following the purchase, the chief executive officer now owns 1,758,880 shares of the company’s stock, valued at approximately $25,855,536. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anita J. Rival purchased 26,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $14.40 per share, with a total value of $374,400.00. Following the completion of the acquisition, the director now owns 95,000 shares of the company’s stock, valued at $1,368,000. The disclosure for this purchase can be found here. Insiders have acquired 146,000 shares of company stock valued at $2,159,400 over the last quarter. Corporate insiders own 2.70% of the company’s stock.

Institutional Trading of Golub Capital BDC

A number of hedge funds have recently bought and sold shares of the company. Anchor Investment Management LLC boosted its holdings in shares of Golub Capital BDC by 201.4% during the second quarter. Anchor Investment Management LLC now owns 92,905 shares of the investment management company’s stock worth $1,460,000 after purchasing an additional 62,076 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Golub Capital BDC during the second quarter worth about $1,239,000. Delphi Management Inc. MA boosted its stake in Golub Capital BDC by 6.3% in the 2nd quarter. Delphi Management Inc. MA now owns 41,499 shares of the investment management company’s stock worth $652,000 after buying an additional 2,461 shares during the last quarter. Cetera Investment Advisers grew its holdings in Golub Capital BDC by 11.1% in the 2nd quarter. Cetera Investment Advisers now owns 75,040 shares of the investment management company’s stock valued at $1,179,000 after buying an additional 7,489 shares during the period. Finally, Next Capital Management LLC increased its stake in shares of Golub Capital BDC by 191.8% during the 2nd quarter. Next Capital Management LLC now owns 771,910 shares of the investment management company’s stock valued at $12,127,000 after acquiring an additional 507,377 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

About Golub Capital BDC

Golub Capital BDC, Inc (GBDC) 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.