Keefe, Bruyette & Woods Cuts Golub Capital BDC (NASDAQ:GBDC) Price Target to $14.00

Golub Capital BDC (NASDAQ:GBDC) had its target price lowered by equities researchers at Keefe, Bruyette & Woods from $15.00 to $14.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the investment management company’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 11.96% from the company’s current price.

A number of other equities analysts have also weighed in on GBDC. Lucid Cap Mkts upgraded Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. Capital One Financial set a $15.00 price objective on Golub Capital BDC in a research report on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a report on Monday, December 29th. Wells Fargo & Company upgraded shares of Golub Capital BDC from an “equal weight” rating to an “overweight” rating and set a $14.00 price objective for the company in a research report on Wednesday, January 7th. Finally, Wall Street Zen upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $14.63.

Golub Capital BDC Stock Up 1.0%

Shares of NASDAQ GBDC traded up $0.13 during mid-day trading on Friday, reaching $12.51. 150,280 shares of the company’s stock were exchanged, compared to its average volume of 2,209,886. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.23. The business has a fifty day simple moving average of $13.67 and a 200 day simple moving average of $14.08. Golub Capital BDC has a twelve month low of $12.28 and a twelve month high of $16.00. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 10.00 and a beta of 0.43.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. Golub Capital BDC had a net margin of 38.57% and a return on equity of 10.31%. The business had revenue of $110.18 million for the quarter, compared to the consensus estimate of $208.89 million. During the same period in the previous year, the company earned $0.42 earnings per share. As a group, equities analysts expect that Golub Capital BDC will post 1.6 EPS for the current fiscal year.

Institutional Investors Weigh In On Golub Capital BDC

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in Golub Capital BDC by 116.8% during the second quarter. Allworth Financial LP now owns 2,192 shares of the investment management company’s stock worth $32,000 after acquiring an additional 1,181 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Golub Capital BDC during the third quarter valued at about $33,000. First Horizon Advisors Inc. purchased a new stake in Golub Capital BDC during the second quarter worth about $41,000. MTM Investment Management LLC bought a new stake in Golub Capital BDC in the second quarter worth about $41,000. Finally, CWM LLC boosted its stake in Golub Capital BDC by 13,588.0% in the third quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock valued at $47,000 after acquiring an additional 3,397 shares during 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.