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

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

Separately, Wells Fargo & Company dropped their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.38.

Golub Capital BDC Stock Performance

Shares of NASDAQ:GBDC traded down $0.12 during midday trading on Monday, hitting $14.91. The company had a trading volume of 1,359,795 shares, compared to its average volume of 1,278,724. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 10.80 and a beta of 0.50. Golub Capital BDC has a 12-month low of $14.05 and a 12-month high of $17.72. The company has a fifty day moving average of $15.45 and a two-hundred day moving average of $15.27.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. On average, equities research analysts expect that Golub Capital BDC will post 1.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Golub Capital BDC

A number of institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC boosted its stake in shares of Golub Capital BDC by 6.1% during the third quarter. Janney Montgomery Scott LLC now owns 88,294 shares of the investment management company’s stock valued at $1,334,000 after purchasing an additional 5,057 shares in the last quarter. SpiderRock Advisors LLC acquired a new stake in Golub Capital BDC in the third quarter valued at approximately $621,000. Atria Investments Inc boosted its stake in Golub Capital BDC by 9.3% in the third quarter. Atria Investments Inc now owns 97,163 shares of the investment management company’s stock valued at $1,468,000 after acquiring an additional 8,273 shares in the last quarter. GSA Capital Partners LLP boosted its stake in Golub Capital BDC by 9.6% in the third quarter. GSA Capital Partners LLP now owns 19,217 shares of the investment management company’s stock valued at $290,000 after acquiring an additional 1,685 shares in the last quarter. Finally, First National Trust Co acquired a new stake in shares of Golub Capital BDC during the third quarter worth $3,992,000. 42.38% of the stock is owned by hedge funds and other institutional investors.

About Golub Capital BDC

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.