Golub Capital BDC (NASDAQ:GBDC) Raised to Hold at StockNews.com

Golub Capital BDC (NASDAQ:GBDC) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

Several other research analysts have also weighed in on GBDC. Oppenheimer reiterated an “outperform” rating and set a $17.00 price objective on shares of Golub Capital BDC in a report on Wednesday, August 7th. Keefe, Bruyette & Woods cut their price target on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company lowered their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.40.

Golub Capital BDC Trading Up 1.7 %

Shares of Golub Capital BDC stock opened at $15.67 on Friday. Golub Capital BDC has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The business’s fifty day moving average is $15.26 and its two-hundred day moving average is $15.38. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15. The firm has a market cap of $4.14 billion, a PE ratio of 11.11 and a beta of 0.54.

Insider Transactions at Golub Capital BDC

In related news, Chairman Lawrence E. Golub bought 20,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was bought at an average price of $14.91 per share, with a total value of $298,200.00. Following the completion of the transaction, the chairman now directly owns 1,998,880 shares of the company’s stock, valued at approximately $29,803,300.80. This represents a 1.01 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Golub Capital BDC

Several hedge funds have recently modified their holdings of the stock. Northeast Financial Consultants Inc grew its position in Golub Capital BDC by 151.8% in the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after acquiring an additional 1,268,442 shares in the last quarter. Millennium Management LLC grew its holdings in Golub Capital BDC by 1,170.6% during the 2nd quarter. Millennium Management LLC now owns 786,569 shares of the investment management company’s stock valued at $12,357,000 after purchasing an additional 724,662 shares in the last quarter. Boston Partners purchased a new stake in Golub Capital BDC during the 1st quarter worth $12,126,000. Partners Group Holding AG lifted its holdings in Golub Capital BDC by 48.2% in the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock worth $30,139,000 after buying an additional 648,855 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in Golub Capital BDC by 22.3% in the 2nd quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company’s stock valued at $55,190,000 after buying an additional 640,866 shares during the last quarter. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

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.