Golub Capital BDC (NASDAQ:GBDC) Price Target Lowered to $15.50 at Bank of America

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) had its price target cut by equities research analysts at Bank of America from $16.50 to $15.50 in a research note issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the investment management company's stock. Bank of America's target price indicates a potential upside of 3.06% from the company's current price.

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

Golub Capital BDC Price Performance

GBDC traded up $0.10 on Monday, reaching $15.04. The stock had a trading volume of 1,082,997 shares, compared to its average volume of 1,452,025. Golub Capital BDC has a fifty-two week low of $12.68 and a fifty-two week high of $16.76. The firm has a 50-day moving average of $14.45 and a 200-day moving average of $15.05. 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 has a market capitalization of $4.01 billion, a price-to-earnings ratio of 10.90 and a beta of 0.55.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The investment management company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. The company had revenue of $211.10 million during the quarter, compared to analysts' expectations of $223.89 million. During the same period last year, the company earned $0.55 earnings per share. As a group, sell-side analysts anticipate that Golub Capital BDC will post 1.6 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in Golub Capital BDC by 13.4% in the 4th quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company's stock worth $68,555,000 after buying an additional 533,895 shares during the period. Allen Investment Management LLC boosted its holdings in shares of Golub Capital BDC by 11.9% during the 1st quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company's stock valued at $62,615,000 after purchasing an additional 441,050 shares during the last quarter. Northeast Financial Consultants Inc boosted its holdings in shares of Golub Capital BDC by 60.4% during the 1st quarter. Northeast Financial Consultants Inc now owns 4,120,043 shares of the investment management company's stock valued at $62,377,000 after purchasing an additional 1,552,223 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Golub Capital BDC by 4.2% during the 1st quarter. Sound Income Strategies LLC now owns 3,183,837 shares of the investment management company's stock valued at $48,203,000 after purchasing an additional 128,457 shares during the last quarter. Finally, Sage Mountain Advisors LLC boosted its holdings in shares of 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 last quarter. Institutional investors own 42.38% of the company's stock.

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.