Golub Capital BDC (NASDAQ:GBDC) Stock Rating Upgraded by Zacks Research

Golub Capital BDC (NASDAQ:GBDC) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other equities research analysts have also issued reports on GBDC. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research report on Wednesday, June 24th. Wall Street Zen downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Sunday, April 19th. Oppenheimer reiterated an “outperform” rating and set a $14.00 target price on shares of Golub Capital BDC in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada dropped their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Golub Capital BDC has a consensus rating of “Moderate Buy” and an average price target of $14.00.

Golub Capital BDC Stock Performance

Shares of GBDC stock opened at $12.75 on Monday. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 16.56 and a beta of 0.39. Golub Capital BDC has a one year low of $11.77 and a one year high of $15.63. The company’s 50-day simple moving average is $12.97 and its 200-day simple moving average is $12.96. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.20 and a current ratio of 2.20.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Monday, May 4th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). Golub Capital BDC had a net margin of 24.64% and a return on equity of 10.20%. The firm had revenue of ($5.28) million for the quarter, compared to analyst estimates of $201.71 million. During the same quarter in the previous year, the company earned $0.30 EPS. Equities analysts anticipate that Golub Capital BDC will post 1.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GBDC. Orographic Financial Advisors LLC acquired a new stake in Golub Capital BDC in the first quarter worth $1,069,000. Sunbelt Securities Inc. acquired a new position in shares of Golub Capital BDC during the first quarter valued at $139,000. Royal Bank of Canada grew its position in shares of Golub Capital BDC by 2.4% during the first quarter. Royal Bank of Canada now owns 100,967 shares of the investment management company’s stock worth $1,278,000 after acquiring an additional 2,401 shares during the last quarter. Empowered Funds LLC grew its position in shares of Golub Capital BDC by 19.2% during the first quarter. Empowered Funds LLC now owns 34,828 shares of the investment management company’s stock worth $441,000 after acquiring an additional 5,619 shares during the last quarter. Finally, Evercore Wealth Management LLC increased its holdings in shares of Golub Capital BDC by 10.2% in the 1st quarter. Evercore Wealth Management LLC now owns 62,814 shares of the investment management company’s stock worth $795,000 after acquiring an additional 5,838 shares during the period. 42.38% of the stock is currently owned by institutional investors.

About Golub Capital BDC

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.