Golub Capital BDC (NASDAQ:GBDC) Rating Increased to Buy at StockNews.com

Golub Capital BDC (NASDAQ:GBDC) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

A number of other brokerages have also issued reports on GBDC. Raymond James lowered shares of Golub Capital BDC from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Bank of America upgraded shares of Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Monday, March 25th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $16.40.

Golub Capital BDC Trading Down 0.6 %

NASDAQ:GBDC traded down $0.10 on Monday, reaching $15.74. 952,171 shares of the company’s stock were exchanged, compared to its average volume of 1,024,617. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 7.75 and a beta of 0.52. The business has a fifty day moving average of $16.05 and a 200-day moving average of $15.99. Golub Capital BDC has a 52-week low of $13.37 and a 52-week high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, May 6th. The investment management company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The business had revenue of $164.23 million for the quarter, compared to analysts’ expectations of $163.61 million. Golub Capital BDC had a return on equity of 13.03% and a net margin of 53.05%. As a group, analysts expect that Golub Capital BDC will post 1.95 earnings per share for the current year.

Insider Activity at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 62,267 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was purchased at an average cost of $16.06 per share, with a total value of $1,000,008.02. Following the completion of the acquisition, the chairman now directly owns 1,268,880 shares of the company’s stock, valued at approximately $20,378,212.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Golub Capital BDC news, CEO David Golub purchased 450,000 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was purchased at an average cost of $16.03 per share, with a total value of $7,213,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,718,880 shares of the company’s stock, valued at approximately $27,553,646.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Lawrence E. Golub purchased 62,267 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was acquired at an average cost of $16.06 per share, with a total value of $1,000,008.02. Following the completion of the acquisition, the chairman now directly owns 1,268,880 shares of the company’s stock, valued at $20,378,212.80. The disclosure for this purchase can be found here. Insiders acquired 601,015 shares of company stock valued at $9,636,138 over the last three months. 2.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Golub Capital BDC

Several large investors have recently modified their holdings of GBDC. Cerity Partners LLC boosted its holdings in shares of Golub Capital BDC by 4,797.5% in the fourth quarter. Cerity Partners LLC now owns 1,740,391 shares of the investment management company’s stock valued at $26,280,000 after acquiring an additional 1,704,855 shares during the period. Boston Partners acquired a new stake in shares of Golub Capital BDC in the first quarter valued at approximately $12,126,000. Allen Investment Management LLC boosted its holdings in shares of Golub Capital BDC by 29.6% in the first quarter. Allen Investment Management LLC now owns 2,101,032 shares of the investment management company’s stock valued at $34,940,000 after acquiring an additional 479,339 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Golub Capital BDC by 16.1% in the first quarter. Van ECK Associates Corp now owns 2,872,157 shares of the investment management company’s stock valued at $47,764,000 after acquiring an additional 399,231 shares during the period. Finally, Confluence Investment Management LLC acquired a new stake in shares of Golub Capital BDC in the first quarter valued at approximately $5,509,000. 42.38% of the stock is owned by institutional investors and hedge funds.

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.