Golub Capital BDC (NASDAQ:GBDC) Stock Rating Upgraded 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 note issued to investors on Monday.

Separately, Wells Fargo & Company dropped their price objective on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $16.38.

Golub Capital BDC Trading Down 1.8 %

Shares of NASDAQ:GBDC opened at $14.64 on Monday. Golub Capital BDC has a 12-month low of $14.05 and a 12-month high of $17.72. The company has a market cap of $3.89 billion, a PE ratio of 10.61 and a beta of 0.50. The stock has a 50 day moving average of $15.44 and a 200 day moving average of $15.26. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. As a group, equities research analysts expect that Golub Capital BDC will post 1.6 EPS for the current year.

Hedge Funds Weigh In On Golub Capital BDC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Partners Group Holding AG boosted its stake in Golub Capital BDC by 48.2% during the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock valued at $30,139,000 after buying an additional 648,855 shares during the last quarter. Barclays PLC raised its holdings in shares of Golub Capital BDC by 45.5% in the third quarter. Barclays PLC now owns 190,132 shares of the investment management company’s stock worth $2,873,000 after buying an additional 59,443 shares during the period. Eagle Bay Advisors LLC raised its holdings in shares of Golub Capital BDC by 82.1% in the fourth quarter. Eagle Bay Advisors LLC now owns 183,602 shares of the investment management company’s stock worth $2,783,000 after buying an additional 82,787 shares during the period. BBR Partners LLC purchased a new position in Golub Capital BDC during the 3rd quarter worth $655,000. Finally, Janney Montgomery Scott LLC increased its holdings in Golub Capital BDC by 30.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 115,058 shares of the investment management company’s stock worth $1,744,000 after purchasing an additional 26,764 shares during the period. 42.38% of the stock is owned by institutional investors.

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.