Golub Capital BDC (NASDAQ:GBDC) Price Target Lowered to $13.50 at Keefe, Bruyette & Woods

Golub Capital BDC (NASDAQ:GBDC – Get Free Report) had its target price lowered by investment analysts at Keefe, Bruyette & Woods from $14.00 to $13.50 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the investment management company’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 5.56% from the stock’s previous close.

A number of other brokerages have also commented on GBDC. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th. Wall Street Zen downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, April 19th. Royal Bank Of Canada dropped their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Zacks Research upgraded shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $14.00 target price on shares of Golub Capital BDC in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have issued 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 an average target price of $13.90.

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Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC traded down $0.29 during trading on Wednesday, hitting $12.79. 733,369 shares of the company were exchanged, compared to its average volume of 1,924,011. Golub Capital BDC has a 1-year low of $11.77 and a 1-year high of $14.93. The company has a market capitalization of $3.33 billion, a P/E ratio of 16.59 and a beta of 0.39. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.25. The business’s 50 day moving average is $12.89 and its 200-day moving average is $12.87.

Golub Capital BDC (NASDAQ:GBDC – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The investment management company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $187.73 million for the quarter, compared to the consensus estimate of $189.91 million. Golub Capital BDC had a return on equity of 9.84% and a net margin of 21.45%.During the same quarter last year, the business posted $0.39 EPS. Equities analysts forecast that Golub Capital BDC will post 1.36 earnings per share for the current year.

Institutional Trading of Golub Capital BDC

Large investors have recently bought and sold shares of the business. Main Street Group LTD acquired a new position in shares of Golub Capital BDC in the 1st quarter valued at about $47,000. Fifth Third Bancorp acquired a new stake in Golub Capital BDC during the first quarter worth approximately $68,000. Advisory Services Network LLC acquired a new stake in Golub Capital BDC during the third quarter worth approximately $77,000. Clearstead Advisors LLC increased its holdings in Golub Capital BDC by 48.6% in the fourth quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company’s stock worth $81,000 after purchasing an additional 1,941 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Golub Capital BDC by 104.0% in 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 in the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Company Profile

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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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