Keefe, Bruyette & Woods Issues Pessimistic Forecast for Golub Capital BDC (NASDAQ:GBDC) Stock Price

Golub Capital BDC (NASDAQ:GBDC) had its target price cut by analysts at Keefe, Bruyette & Woods from $16.50 to $15.50 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the investment management company’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 13.95% from the company’s previous close.

Separately, StockNews.com lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $15.83.

Golub Capital BDC Trading Up 1.7 %

Shares of GBDC stock traded up $0.22 on Tuesday, reaching $13.60. 1,042,199 shares of the stock were exchanged, compared to its average volume of 1,347,085. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The stock has a market cap of $3.61 billion, a P/E ratio of 9.84 and a beta of 0.33. The firm has a 50 day moving average of $15.29 and a two-hundred day moving average of $15.26. Golub Capital BDC has a 1-year low of $13.16 and a 1-year high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates 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, research analysts anticipate that Golub Capital BDC will post 1.6 EPS for the current year.

Hedge Funds Weigh In On Golub Capital BDC

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its stake in Golub Capital BDC by 4.5% in the first quarter. Parallel Advisors LLC now owns 218,694 shares of the investment management company’s stock valued at $3,311,000 after buying an additional 9,330 shares during the last quarter. AdvisorNet Financial Inc increased its stake in shares of Golub Capital BDC by 610.9% in the first quarter. AdvisorNet Financial Inc now owns 16,636 shares of the investment management company’s stock valued at $252,000 after purchasing an additional 14,296 shares during the period. Penbrook Management LLC raised its holdings in shares of Golub Capital BDC by 18.3% during the first quarter. Penbrook Management LLC now owns 33,880 shares of the investment management company’s stock valued at $513,000 after buying an additional 5,250 shares during the last quarter. Confluence Investment Management LLC grew its holdings in Golub Capital BDC by 0.7% in the 1st quarter. Confluence Investment Management LLC now owns 349,833 shares of the investment management company’s stock worth $5,296,000 after buying an additional 2,345 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC acquired a new position in Golub Capital BDC during the 4th quarter worth $814,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

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.