Golub Capital BDC (NASDAQ:GBDC) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Tuesday.
Several other equities research analysts have also recently commented on GBDC. Zacks Investment Research raised Golub Capital BDC from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Monday. National Securities increased their price objective on Golub Capital BDC from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, November 30th.
Golub Capital BDC stock opened at $18.49 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.19 and a current ratio of 2.19. Golub Capital BDC has a one year low of $17.35 and a one year high of $19.89. The firm has a market cap of $1.11 billion, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 7.09 and a beta of 0.55.
Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Wednesday, November 28th. The investment management company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. Golub Capital BDC had a return on equity of 8.02% and a net margin of 53.87%. The company had revenue of $40.40 million for the quarter, compared to analysts’ expectations of $38.74 million. During the same period last year, the firm posted $0.32 earnings per share. Golub Capital BDC’s revenue was up 15.4% compared to the same quarter last year. As a group, equities analysts anticipate that Golub Capital BDC will post 1.3 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Biltmore Family Office LLC purchased a new stake in shares of Golub Capital BDC during the third quarter valued at $4,183,000. OMERS ADMINISTRATION Corp purchased a new position in Golub Capital BDC in the second quarter worth about $3,660,000. Derby & Company Inc. boosted its position in Golub Capital BDC by 52.1% in the second quarter. Derby & Company Inc. now owns 55,348 shares of the investment management company’s stock worth $1,013,000 after purchasing an additional 18,969 shares during the last quarter. Pekin Singer Strauss Asset Management IL boosted its position in Golub Capital BDC by 161.4% in the third quarter. Pekin Singer Strauss Asset Management IL now owns 60,693 shares of the investment management company’s stock worth $1,138,000 after purchasing an additional 37,471 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Golub Capital BDC by 310.9% in the second quarter. PNC Financial Services Group Inc. now owns 5,715 shares of the investment management company’s stock worth $105,000 after purchasing an additional 4,324 shares during the last quarter. 36.68% of the stock is currently owned by institutional investors.
About Golub Capital BDC
Golub Capital BDC, Inc 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. The company seeks to invest in the United States.
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