Golub Capital BDC (NASDAQ:GBDC) Upgraded to “Hold” at StockNews.com

Golub Capital BDC (NASDAQ:GBDC) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.

GBDC has been the subject of a number of other reports. Oppenheimer reiterated an “outperform” rating and issued a $17.00 price target on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods decreased their target price on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company dropped their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $16.40.

Golub Capital BDC Trading Up 1.7 %

GBDC opened at $15.67 on Friday. The stock has a market capitalization of $4.14 billion, a PE ratio of 11.11 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 4.73. Golub Capital BDC has a 12-month low of $14.05 and a 12-month high of $17.72. The firm’s fifty day moving average price is $15.26 and its 200 day moving average price is $15.38.

Insider Buying and Selling

In other news, CEO David Golub acquired 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were purchased at an average cost of $14.91 per share, for a total transaction of $298,200.00. Following the transaction, the chief executive officer now directly owns 1,958,880 shares in the company, valued at $29,206,900.80. This trade represents a 1.03 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hexagon Capital Partners LLC boosted its position in shares of Golub Capital BDC by 171.5% during the third quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock worth $32,000 after buying an additional 1,355 shares during the period. Allworth Financial LP boosted its position in Golub Capital BDC by 135.6% during the 3rd quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock worth $35,000 after acquiring an additional 1,347 shares during the period. Cove Street Capital LLC bought a new position in shares of Golub Capital BDC in the second quarter worth $39,000. Quarry LP acquired a new position in shares of Golub Capital BDC during the second quarter valued at $61,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Golub Capital BDC during the second quarter valued at $71,000. Institutional investors own 42.38% of the company’s stock.

About Golub Capital BDC

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.