Royal Bank Of Canada Cuts Golub Capital BDC (NASDAQ:GBDC) Price Target to $14.00

Key Points

• Royal Bank of Canada cut its price target for Golub Capital BDC to $14.00 from $15.00 while keeping an "outperform" rating, implying roughly a 6.4% upside from the prior close.
• Several analysts have trimmed targets (Wells Fargo, Keefe, Oppenheimer), but the consensus remains a Buy with an average price target of $14.25; the stock traded around $13.16 mid-day, below most analyst targets.
• Golub reported Q1 EPS of $0.34, missing the $0.36 consensus, and sell-side analysts expect about 1.44 EPS for the current fiscal year; the company has a market cap of ~$3.46B.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) had its price target reduced by analysts at Royal Bank Of Canada from $15.00 to $14.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the investment management company's stock. Royal Bank Of Canada's price target suggests a potential upside of 6.42% from the stock's previous close.

GBDC has been the subject of a number of other reports. Wells Fargo & Company decreased their price objective on 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. Oppenheimer reissued an "outperform" rating and issued a $14.00 price target on shares of Golub Capital BDC in a research report on Wednesday. Wall Street Zen cut shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a report on Sunday, April 19th. Capital One Financial set a $15.00 price objective on shares of Golub Capital BDC in a research report on Thursday, January 15th. Finally, Keefe, Bruyette & Woods dropped their price objective 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 analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $14.25.

Golub Capital BDC Trading Down 1.2%

Shares of NASDAQ GBDC traded down $0.16 during mid-day trading on Thursday, hitting $13.16. 700,307 shares of the company traded hands, compared to its average volume of 2,466,711. Golub Capital BDC has a 1 year low of $11.77 and a 1 year high of $15.63. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 17.08 and a beta of 0.41. The company has a quick ratio of 2.24, a current ratio of 2.20 and a debt-to-equity ratio of 1.25. The business has a 50 day moving average of $12.70 and a two-hundred day moving average of $13.29.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its earnings results on Monday, May 4th. The investment management company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.The business had revenue of ($5.28) million during the quarter, compared to analyst estimates of $201.71 million. During the same period last year, the business earned $0.30 EPS. On average, sell-side analysts anticipate that Golub Capital BDC will post 1.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GBDC. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Golub Capital BDC in the 3rd quarter valued at $33,000. CWM LLC lifted its stake 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 valued at $47,000 after purchasing an additional 3,397 shares during the last quarter. Main Street Group LTD acquired a new stake in shares of Golub Capital BDC in the 1st quarter valued at $47,000. Fifth Third Bancorp acquired a new stake in shares of Golub Capital BDC in the 1st quarter valued at $68,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Golub Capital BDC in the 3rd quarter valued at $77,000. 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.

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