Zacks Research Upgrades Golub Capital BDC (NASDAQ:GBDC) to “Hold”

Golub Capital BDC (NASDAQ:GBDCGet Free Report) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other research firms have also commented on GBDC. Oppenheimer restated an “outperform” rating and set a $14.00 price target on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Wall Street Zen lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, April 19th. Royal Bank Of Canada lowered their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Read Our Latest Analysis on GBDC

Golub Capital BDC Trading Down 0.9%

NASDAQ GBDC opened at $12.75 on Monday. The firm’s 50-day moving average is $12.97 and its two-hundred day moving average is $12.96. Golub Capital BDC has a 12 month low of $11.77 and a 12 month high of $15.63. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a market capitalization of $3.32 billion, a P/E ratio of 16.56 and a beta of 0.39.

Golub Capital BDC (NASDAQ:GBDCGet Free Report) last released its quarterly earnings results on Monday, May 4th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The company had revenue of ($5.28) million during the quarter, compared to analysts’ expectations of $201.71 million. Golub Capital BDC had a net margin of 24.64% and a return on equity of 10.20%. During the same period last year, the firm posted $0.30 earnings per share. On average, sell-side analysts anticipate that Golub Capital BDC will post 1.36 earnings per share for the current year.

Hedge Funds Weigh In On Golub Capital BDC

Large investors have recently bought and sold shares of the business. Main Street Group LTD purchased a new stake in Golub Capital BDC during the 1st quarter worth about $47,000. Fifth Third Bancorp purchased a new position in shares of Golub Capital BDC in the 1st quarter valued at about $68,000. Advisory Services Network LLC acquired a new stake in shares of Golub Capital BDC during the 3rd quarter worth about $77,000. Clearstead Advisors LLC raised its position in shares of Golub Capital BDC by 48.6% during the 4th quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company’s stock worth $81,000 after acquiring an additional 1,941 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Golub Capital BDC by 104.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,447 shares of the investment management company’s stock worth $87,000 after purchasing an additional 3,287 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Company Profile

(Get Free Report)

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.

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Analyst Recommendations for Golub Capital BDC (NASDAQ:GBDC)

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