Golub Capital BDC (NASDAQ:GBDC) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Wall Street Zen upgraded Golub Capital BDC from “sell” to “hold,” while the broader analyst consensus remains “Moderate Buy” with a $13.90 target price.
• GBDC shares opened at $13.17 and were up 0.8%; the stock has traded between $11.77 and $14.93 over the past year.
• The company reported quarterly EPS of $0.34, slightly exceeding the $0.33 consensus estimate, while revenue of $187.73 million fell short of the $189.91 million forecast. Institutional investors own 42.38% of the stock.

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

Several other equities analysts have also weighed in on GBDC. 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. Weiss Ratings restated a "hold (c)" rating on shares of Golub Capital BDC in a research report on Wednesday, June 24th. Keefe, Bruyette & Woods cut their price objective on Golub Capital BDC from $14.00 to $13.50 and set an "outperform" rating for the company in a research report on Wednesday. Royal Bank Of Canada decreased their target price on Golub Capital BDC from $15.00 to $14.00 and set an "outperform" rating on the stock in a report on Thursday, May 7th. 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 research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Golub Capital BDC currently has an average rating of "Moderate Buy" and a consensus target price of $13.90.

Golub Capital BDC Stock Up 0.8%

Golub Capital BDC stock opened at $13.17 on Friday. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 20.26 and a beta of 0.39. The company has a current ratio of 1.33, a quick ratio of 2.20 and a debt-to-equity ratio of 1.22. The company's 50-day moving average price is $12.88 and its two-hundred day moving average price is $12.86. Golub Capital BDC has a 52 week low of $11.77 and a 52 week high of $14.93.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The investment management company reported $0.34 EPS for the quarter, topping analysts' consensus estimates 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 9.91% and a net margin of 21.45%.During the same quarter in the previous year, the business earned $0.39 EPS. On average, analysts expect that Golub Capital BDC will post 1.36 EPS for the current fiscal year.

Institutional Trading of Golub Capital BDC

A number of hedge funds have recently modified their holdings of GBDC. Keel Point LLC lifted its holdings in Golub Capital BDC by 2.7% during the 2nd quarter. Keel Point LLC now owns 39,845 shares of the investment management company's stock valued at $584,000 after purchasing an additional 1,039 shares during the last quarter. Ironsides Asset Advisors LLC grew its stake in Golub Capital BDC by 7.6% during the fourth quarter. Ironsides Asset Advisors LLC now owns 15,755 shares of the investment management company's stock worth $214,000 after buying an additional 1,113 shares during the last quarter. Levin Capital Strategies L.P. grew its stake in Golub Capital BDC by 12.9% during the first quarter. Levin Capital Strategies L.P. now owns 11,628 shares of the investment management company's stock worth $147,000 after buying an additional 1,328 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Golub Capital BDC by 1.3% during the fourth quarter. Cetera Investment Advisers now owns 106,374 shares of the investment management company's stock worth $1,443,000 after buying an additional 1,361 shares in the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of Golub Capital BDC by 3.8% during the third quarter. Mackenzie Financial Corp now owns 42,767 shares of the investment management company's stock worth $585,000 after buying an additional 1,557 shares in the last quarter. Hedge funds and other 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.

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