Golub Capital BDC (NASDAQ:GBDC) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Golub Capital BDC (NASDAQ:GBDC) from a "sell" to a "hold" rating.
• The stock's consensus remains a Buy with a $14.38 average price target, even as several firms cut targets (e.g., Wells Fargo to $13, KBW to $14); GBDC opened at $12.71 and is trading below that consensus.
• Golub reported $0.38 EPS for the quarter, matching estimates, but revenue of $110.18M missed the $208.89M consensus; the company has a P/E of 10.17 and a market cap around $3.35 billion.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

A number of other equities analysts also recently weighed in on GBDC. Wells Fargo & Company cut their price target on shares of Golub Capital BDC from $14.00 to $13.00 and set an "overweight" rating on the stock in a research note on Friday, February 6th. Weiss Ratings restated a "hold (c)" rating on shares of Golub Capital BDC in a report on Friday, March 27th. Capital One Financial set a $15.00 price objective on Golub Capital BDC in a report on Thursday, January 15th. Lucid Cap Mkts raised shares of Golub Capital BDC to a "strong-buy" rating in a research note on Thursday, January 15th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an "outperform" rating on the stock in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $14.38.

Golub Capital BDC Stock Up 1.0%

GBDC opened at $12.71 on Friday. 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 firm has a market cap of $3.35 billion, a P/E ratio of 10.17 and a beta of 0.40. The business's fifty day simple moving average is $12.46 and its 200 day simple moving average is $13.34. Golub Capital BDC has a 52 week low of $11.77 and a 52 week high of $15.63.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.The firm had revenue of $110.18 million for the quarter, compared to the consensus estimate of $208.89 million. During the same period in the prior year, the business posted $0.42 earnings per share. As a group, equities research analysts anticipate that Golub Capital BDC will post 1.6 EPS for the current fiscal year.

Institutional Investors Weigh In On Golub Capital BDC

Hedge funds and other institutional investors have recently modified their holdings of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Golub Capital BDC in the 3rd quarter worth about $33,000. CWM LLC increased its position in shares of Golub Capital BDC by 13,588.0% in the 3rd quarter. CWM LLC now owns 3,422 shares of the investment management company's stock worth $47,000 after purchasing an additional 3,397 shares during the last quarter. Main Street Group LTD bought a new stake in shares of Golub Capital BDC in the 3rd quarter worth about $51,000. Advisory Services Network LLC bought a new stake in shares of Golub Capital BDC in the 3rd quarter worth about $77,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of Golub Capital BDC in the 3rd quarter worth about $78,000. Institutional investors own 42.38% of the company's stock.

About Golub Capital BDC

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.