Wall Street Zen Upgrades Golub Capital BDC (NASDAQ:GBDC) to Hold
by Scott Moore · The Cerbat GemGolub Capital BDC (NASDAQ:GBDC – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.
Several other research firms have also recently weighed in on GBDC. Wells Fargo & Company lowered their price objective on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Lucid Cap Mkts upgraded shares of Golub Capital BDC to a “strong-buy” rating in a research report on Thursday, January 15th. Keefe, Bruyette & Woods lowered 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 research report on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Friday, March 27th. Finally, Capital One Financial set a $15.00 price objective on shares of Golub Capital BDC in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Golub Capital BDC presently has an average rating of “Buy” and an average target price of $14.38.
View Our Latest Research Report on Golub Capital BDC
Golub Capital BDC Stock Performance
Shares of Golub Capital BDC stock opened at $12.71 on Friday. The stock has a market capitalization of $3.35 billion, a P/E ratio of 10.17 and a beta of 0.40. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.25. The company has a 50-day simple moving average of $12.46 and a 200 day simple moving average of $13.33. Golub Capital BDC has a 12-month low of $11.77 and a 12-month high of $15.63.
Golub Capital BDC (NASDAQ:GBDC – Get Free Report) last announced its earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.38. The business had revenue of $110.18 million during the quarter, compared to analysts’ expectations of $208.89 million. Golub Capital BDC had a net margin of 38.57% and a return on equity of 10.37%. During the same quarter last year, the company posted $0.42 EPS. Research analysts expect that Golub Capital BDC will post 1.6 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Golub Capital BDC
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Osbon Capital Management LLC bought a new position in shares of Golub Capital BDC in the 4th quarter valued at about $1,515,000. Alpine Global Management LLC boosted its stake in shares of Golub Capital BDC by 487.1% in the 4th quarter. Alpine Global Management LLC now owns 155,588 shares of the investment management company’s stock valued at $2,111,000 after purchasing an additional 129,088 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of Golub Capital BDC by 39.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 249,360 shares of the investment management company’s stock valued at $3,384,000 after purchasing an additional 70,011 shares during the last quarter. Onyx Bridge Wealth Group LLC boosted its stake in shares of Golub Capital BDC by 3.2% in the 4th quarter. Onyx Bridge Wealth Group LLC now owns 127,055 shares of the investment management company’s stock valued at $1,724,000 after purchasing an additional 3,895 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in shares of Golub Capital BDC in the 4th quarter valued at about $1,412,000. Institutional investors and hedge funds own 42.38% of the company’s stock.
Golub Capital BDC Company Profile
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.