Golub Capital BDC (NASDAQ:GBDC) Rating Increased to Hold at StockNews.com

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

Several other analysts have also recently weighed in on the stock. Oppenheimer reissued an “outperform” rating and issued a $17.00 price target on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Wells Fargo & Company dropped their price target on shares of 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. Finally, Keefe, Bruyette & Woods dropped 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 note on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Golub Capital BDC has a consensus rating of “Moderate Buy” and a consensus price target of $16.40.

Golub Capital BDC Stock Performance

Golub Capital BDC stock opened at $15.49 on Friday. The firm has a 50 day simple moving average of $15.23 and a 200-day simple moving average of $15.39. Golub Capital BDC has a 1-year low of $14.05 and a 1-year high of $17.72. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 4.73. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 10.99 and a beta of 0.54.

Insider Transactions at Golub Capital BDC

In related news, CEO David Golub acquired 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average cost of $14.91 per share, for a total transaction of $298,200.00. Following the acquisition, the chief executive officer now owns 1,958,880 shares in the company, valued at $29,206,900.80. The trade was a 1.03 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.01% of the company’s stock.

Hedge Funds Weigh In On Golub Capital BDC

Several large investors have recently made changes to their positions in GBDC. Van ECK Associates Corp lifted its holdings in Golub Capital BDC by 13.5% during the 3rd quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company’s stock worth $61,458,000 after buying an additional 475,196 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in Golub Capital BDC by 5.0% during the 3rd quarter. Sound Income Strategies LLC now owns 2,882,861 shares of the investment management company’s stock worth $43,560,000 after buying an additional 137,813 shares in the last quarter. Northeast Financial Consultants Inc lifted its holdings in Golub Capital BDC by 25.9% during the 3rd quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock worth $40,016,000 after buying an additional 544,126 shares in the last quarter. Allen Investment Management LLC lifted its holdings in Golub Capital BDC by 6.9% during the 2nd quarter. Allen Investment Management LLC now owns 2,246,793 shares of the investment management company’s stock worth $35,297,000 after buying an additional 145,761 shares in the last quarter. Finally, Partners Group Holding AG lifted its holdings in Golub Capital BDC by 48.2% during the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock worth $30,139,000 after buying an additional 648,855 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Company Profile

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.