Golub Capital BDC (NASDAQ:GBDC) Stock Rating Upgraded by 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 Wednesday.

Separately, 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 Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.38.

Golub Capital BDC Stock Up 0.5 %

GBDC stock opened at $15.09 on Wednesday. Golub Capital BDC has a 52-week low of $14.05 and a 52-week high of $17.72. The company’s 50 day simple moving average is $15.39 and its 200-day simple moving average is $15.25. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94. The firm has a market capitalization of $4.01 billion, a P/E ratio of 10.93 and a beta of 0.50.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share (EPS) 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 anticipate that Golub Capital BDC will post 1.6 EPS for the current year.

Institutional Trading of Golub Capital BDC

Several large investors have recently modified their holdings of GBDC. GSA Capital Partners LLP boosted its holdings in shares of Golub Capital BDC by 9.6% during the 3rd quarter. GSA Capital Partners LLP now owns 19,217 shares of the investment management company’s stock worth $290,000 after buying an additional 1,685 shares during the period. Oppenheimer & Co. Inc. acquired a new position in Golub Capital BDC during the 3rd quarter valued at $162,000. Advisors Asset Management Inc. raised its stake in shares of Golub Capital BDC by 9.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 164,591 shares of the investment management company’s stock valued at $2,487,000 after buying an additional 14,214 shares in the last quarter. Moors & Cabot Inc. raised its stake in shares of Golub Capital BDC by 2.3% in the 3rd quarter. Moors & Cabot Inc. now owns 38,143 shares of the investment management company’s stock valued at $576,000 after buying an additional 875 shares in the last quarter. Finally, Citigroup Inc. raised its stake in shares of Golub Capital BDC by 1.7% in the 3rd quarter. Citigroup Inc. now owns 342,728 shares of the investment management company’s stock valued at $5,179,000 after buying an additional 5,612 shares in the last quarter. 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.