Bank of America Issues Pessimistic Forecast for Golub Capital BDC (NASDAQ:GBDC) Stock Price

Golub Capital BDC (NASDAQ:GBDC) had its price target lowered by analysts at Bank of America from $16.50 to $15.50 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the investment management company’s stock. Bank of America‘s price objective would indicate a potential upside of 3.92% from the stock’s previous close.

GBDC has been the topic of several other reports. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Tuesday, May 6th. Keefe, Bruyette & Woods reduced their price objective on Golub Capital BDC from $16.50 to $15.50 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company lowered their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.50.

Golub Capital BDC Trading Up 3.1%

Golub Capital BDC stock traded up $0.46 during trading on Monday, hitting $14.92. The company had a trading volume of 318,962 shares, compared to its average volume of 1,433,951. Golub Capital BDC has a 1-year low of $12.68 and a 1-year high of $16.89. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22. The company’s 50 day simple moving average is $14.45 and its 200-day simple moving average is $15.06. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 10.80 and a beta of 0.55.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). The firm had revenue of $211.10 million during the quarter, compared to analyst estimates of $223.89 million. Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. During the same period last year, the business earned $0.55 EPS. As a group, analysts expect that Golub Capital BDC will post 1.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Golub Capital BDC

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its position in Golub Capital BDC by 13.4% during the fourth quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock valued at $68,555,000 after purchasing an additional 533,895 shares in the last quarter. Allen Investment Management LLC boosted its position in Golub Capital BDC by 11.9% during the first quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company’s stock worth $62,615,000 after purchasing an additional 441,050 shares during the period. Sound Income Strategies LLC raised its holdings in Golub Capital BDC by 4.2% in the 1st quarter. Sound Income Strategies LLC now owns 3,183,837 shares of the investment management company’s stock worth $48,203,000 after acquiring an additional 128,457 shares during the period. Sage Mountain Advisors LLC boosted its stake in Golub Capital BDC by 9.4% during the 1st quarter. Sage Mountain Advisors LLC now owns 2,746,062 shares of the investment management company’s stock valued at $41,575,000 after purchasing an additional 236,613 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Golub Capital BDC by 2.1% during the 4th quarter. JPMorgan Chase & Co. now owns 2,385,828 shares of the investment management company’s stock valued at $36,169,000 after purchasing an additional 49,519 shares during the last quarter. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

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.