Golub Capital BDC, Inc. (NASDAQ:GBDC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Golub Capital BDC Inc. is a business development company that principally invests in senior secured, unitranche, mezzanine and second lien loans of middle-market companies that are, in most cases, sponsored by private equity investors. The Company’s investment activities are managed by its investment adviser, GC Advisors LLC, an affiliate of Golub Capital. “
Other research analysts also recently issued reports about the company. Keefe, Bruyette & Woods set a $20.00 target price on Golub Capital BDC and gave the stock a “hold” rating in a research note on Friday, October 6th. BidaskClub upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, National Securities restated a “neutral” rating and set a $19.00 target price on shares of Golub Capital BDC in a research note on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Golub Capital BDC has an average rating of “Hold” and a consensus price target of $19.88.
Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Monday, August 7th. The investment management company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.03. Golub Capital BDC had a return on equity of 7.86% and a net margin of 53.62%. The firm had revenue of $35.40 million for the quarter, compared to the consensus estimate of $35.11 million. During the same period in the previous year, the business earned $0.35 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts predict that Golub Capital BDC will post $1.25 EPS for the current fiscal year.
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In other news, Director William M. Iv Webster purchased 5,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were acquired at an average price of $18.46 per share, for a total transaction of $92,300.00. Following the purchase, the director now owns 136,514 shares in the company, valued at $2,520,048.44. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.40% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of the company. Muzinich & Co. Inc. lifted its holdings in shares of Golub Capital BDC by 19.7% in the 2nd quarter. Muzinich & Co. Inc. now owns 2,692,260 shares of the investment management company’s stock valued at $51,476,000 after buying an additional 443,945 shares during the period. Schroder Investment Management Group lifted its holdings in shares of Golub Capital BDC by 3.6% in the 2nd quarter. Schroder Investment Management Group now owns 1,067,822 shares of the investment management company’s stock valued at $20,459,000 after buying an additional 36,920 shares during the period. Clough Capital Partners L P lifted its holdings in shares of Golub Capital BDC by 7.4% in the 1st quarter. Clough Capital Partners L P now owns 965,266 shares of the investment management company’s stock valued at $19,189,000 after buying an additional 66,800 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Golub Capital BDC by 4.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 687,682 shares of the investment management company’s stock valued at $13,149,000 after buying an additional 28,692 shares during the period. Finally, Frontier Investment Mgmt Co. lifted its holdings in shares of Golub Capital BDC by 7.0% in the 2nd quarter. Frontier Investment Mgmt Co. now owns 653,251 shares of the investment management company’s stock valued at $12,490,000 after buying an additional 42,665 shares during the period. 41.58% of the stock is owned by institutional investors and hedge funds.
About Golub Capital BDC
Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.
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