Keefe, Bruyette & Woods Lowers Golub Capital BDC (NASDAQ:GBDC) Price Target to $14.00

Golub Capital BDC (NASDAQ:GBDC) had its price objective decreased by investment analysts at Keefe, Bruyette & Woods from $15.00 to $14.00 in a report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the investment management company’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 11.96% from the company’s current price.

GBDC has been the topic of several other research reports. Wells Fargo & Company raised shares of Golub Capital BDC from an “equal weight” rating to an “overweight” rating and set a $14.00 target price on the stock in a report on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research note on Monday, December 29th. Wall Street Zen upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Capital One Financial set a $15.00 price objective on Golub Capital BDC in a report on Thursday, January 15th. Finally, Lucid Cap Mkts upgraded Golub Capital BDC to a “strong-buy” rating in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Golub Capital BDC has a consensus rating of “Buy” and a consensus target price of $14.63.

Golub Capital BDC Price Performance

Shares of Golub Capital BDC stock traded up $0.13 on Friday, reaching $12.51. The stock had a trading volume of 150,280 shares, compared to its average volume of 2,209,886. The business’s 50 day moving average is $13.67 and its two-hundred day moving average is $14.08. The company has a market cap of $3.29 billion, a P/E ratio of 10.00 and a beta of 0.43. Golub Capital BDC has a 1 year low of $12.28 and a 1 year high of $16.00. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.23.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. The firm had revenue of $110.18 million during the quarter, compared to analyst estimates of $208.89 million. Golub Capital BDC had a net margin of 38.57% and a return on equity of 10.31%. During the same period in the previous year, the business earned $0.42 EPS. As a group, research analysts anticipate that Golub Capital BDC will post 1.6 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its stake in shares of Golub Capital BDC by 41.4% in the first quarter. Royal Bank of Canada now owns 131,544 shares of the investment management company’s stock worth $1,991,000 after acquiring an additional 38,534 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Golub Capital BDC by 19.7% in the 1st quarter. NewEdge Advisors LLC now owns 43,534 shares of the investment management company’s stock worth $659,000 after acquiring an additional 7,178 shares during the last quarter. Empowered Funds LLC lifted its position in Golub Capital BDC by 140.0% in the 1st quarter. Empowered Funds LLC now owns 27,411 shares of the investment management company’s stock valued at $415,000 after acquiring an additional 15,988 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Golub Capital BDC during the 1st quarter valued at $6,491,000. Finally, Focus Partners Wealth increased its holdings in shares of Golub Capital BDC by 24.9% in the 1st quarter. Focus Partners Wealth now owns 33,355 shares of the investment management company’s stock worth $505,000 after purchasing an additional 6,658 shares in the last quarter. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Company Profile

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.