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) opened at 18.85 on Tuesday. The stock’s 50 day moving average price is $18.67 and its 200-day moving average price is $19.44. Golub Capital BDC has a one year low of $17.34 and a one year high of $20.50.
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.
COPYRIGHT VIOLATION NOTICE: “Zacks Investment Research Downgrades Golub Capital BDC, Inc. (GBDC) to Hold” was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.com-unik.info/2017/10/12/zacks-investment-research-downgrades-golub-capital-bdc-inc-gbdc-to-hold.html.
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.
What are top analysts saying about Golub Capital BDC Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Golub Capital BDC Inc. and related companies.