Golub Capital BDC (NASDAQ:GBDC) Price Target Raised to $15.50

Golub Capital BDC (NASDAQ:GBDC) had its target price lifted by Wells Fargo & Company from $15.00 to $15.50 in a research note released on Tuesday morning, Benzinga reports. The firm currently has an equal weight rating on the investment management company’s stock.

Other analysts have also recently issued research reports about the company. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods lowered their target price on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, Oppenheimer reiterated an “outperform” rating and set a $17.00 target price on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Golub Capital BDC presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC opened at $15.08 on Tuesday. Golub Capital BDC has a 12 month low of $14.05 and a 12 month high of $17.72. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 1.06. The stock has a market cap of $2.59 billion, a P/E ratio of 9.14 and a beta of 0.53. The company has a 50 day moving average of $15.07 and a 200 day moving average of $15.61.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Monday, August 5th. The investment management company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Golub Capital BDC had a net margin of 42.14% and a return on equity of 11.99%. The firm had revenue of $171.27 million for the quarter, compared to analysts’ expectations of $205.24 million. During the same quarter last year, the firm earned $0.44 earnings per share. As a group, sell-side analysts forecast that Golub Capital BDC will post 1.92 EPS for the current fiscal year.

Insider Activity at Golub Capital BDC

In other news, CEO David Golub bought 20,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was acquired at an average price of $14.68 per share, with a total value of $293,600.00. Following the completion of the purchase, the chief executive officer now directly owns 1,738,880 shares in the company, valued at $25,526,758.40. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Anita J. Rival acquired 26,000 shares of Golub Capital BDC stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $14.40 per share, with a total value of $374,400.00. Following the completion of the purchase, the director now owns 95,000 shares of the company’s stock, valued at $1,368,000. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Golub bought 20,000 shares of the stock in a transaction dated Friday, August 16th. The stock was bought at an average cost of $14.68 per share, with a total value of $293,600.00. Following the purchase, the chief executive officer now owns 1,738,880 shares in the company, valued at $25,526,758.40. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 146,000 shares of company stock valued at $2,159,400. Corporate insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Golub Capital BDC

A number of large investors have recently bought and sold shares of the stock. Northeast Financial Consultants Inc increased its stake in shares of Golub Capital BDC by 151.8% in the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock worth $33,057,000 after buying an additional 1,268,442 shares during the period. Millennium Management LLC grew its holdings in Golub Capital BDC by 1,170.6% in the 2nd quarter. Millennium Management LLC now owns 786,569 shares of the investment management company’s stock worth $12,357,000 after acquiring an additional 724,662 shares during the last quarter. Boston Partners purchased a new position in shares of Golub Capital BDC in the first quarter valued at about $12,126,000. Van ECK Associates Corp raised its stake in shares of Golub Capital BDC by 22.3% during the second quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company’s stock valued at $55,190,000 after acquiring an additional 640,866 shares during the last quarter. Finally, 1832 Asset Management L.P. bought a new position in shares of Golub Capital BDC during the second quarter valued at about $9,426,000. 42.38% of the stock is owned by hedge funds and other institutional investors.

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.