Golub Capital BDC, Inc. (NASDAQ:GBDC) Receives Consensus Rating of “Buy” from Brokerages

Golub Capital BDC, Inc. (NASDAQ:GBDC) has been assigned a consensus rating of “Buy” from the six analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $14.50.

GBDC has been the subject of several research analyst reports. Lucid Cap Mkts raised Golub Capital BDC to a “strong-buy” rating in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research report on Friday, March 27th. Capital One Financial set a $15.00 target price on Golub Capital BDC in a research report on Thursday, January 15th. Wells Fargo & Company decreased their target price on Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Finally, Wall Street Zen lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th.

Institutional Investors Weigh In On Golub Capital BDC

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in shares of Golub Capital BDC by 5.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,548,553 shares of the investment management company’s stock valued at $34,890,000 after purchasing an additional 125,881 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Golub Capital BDC by 1,321.2% during the 3rd quarter. GSA Capital Partners LLP now owns 157,976 shares of the investment management company’s stock valued at $2,163,000 after purchasing an additional 146,860 shares during the last quarter. AlphaQuest LLC increased its holdings in Golub Capital BDC by 2,542.0% in the 3rd quarter. AlphaQuest LLC now owns 128,984 shares of the investment management company’s stock worth $1,766,000 after acquiring an additional 124,102 shares during the last quarter. HighTower Advisors LLC increased its holdings in Golub Capital BDC by 279.4% in the 3rd quarter. HighTower Advisors LLC now owns 2,529,267 shares of the investment management company’s stock worth $34,626,000 after acquiring an additional 1,862,632 shares during the last quarter. Finally, Generali Asset Management SPA SGR increased its holdings in Golub Capital BDC by 4.7% in the 3rd quarter. Generali Asset Management SPA SGR now owns 2,630,739 shares of the investment management company’s stock worth $36,015,000 after acquiring an additional 118,034 shares during the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Performance

NASDAQ GBDC opened at $13.80 on Monday. The firm has a market capitalization of $3.63 billion, a P/E ratio of 11.04 and a beta of 0.41. The business has a fifty day simple moving average of $12.66 and a 200 day simple moving average of $13.29. Golub Capital BDC has a 12 month low of $11.77 and a 12 month high of $15.63. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.25.

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 business had revenue of $110.18 million during the quarter, compared to analyst estimates of $208.89 million. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.During the same period in the prior year, the firm posted $0.42 EPS. On average, analysts predict that Golub Capital BDC will post 1.44 EPS for the current fiscal year.

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.