Golub Capital BDC (NASDAQ:GBDC) Stock Rating Upgraded by Lucid Cap Mkts

Golub Capital BDC (NASDAQ:GBDC) was upgraded by equities researchers at Lucid Cap Mkts to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other research firms have also recently issued reports on GBDC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research report on Monday, December 29th. Wells Fargo & Company raised Golub Capital BDC from an “equal weight” rating to an “overweight” rating and set a $14.00 price target for the company in a report on Wednesday, January 7th. Wall Street Zen upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Keefe, Bruyette & Woods reduced their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Finally, Capital One Financial set a $15.00 target price on shares of Golub Capital BDC in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $14.88.

Golub Capital BDC Trading Down 0.9%

Shares of NASDAQ:GBDC opened at $13.82 on Thursday. Golub Capital BDC has a 52 week low of $12.68 and a 52 week high of $16.00. The company’s 50 day moving average is $13.78 and its two-hundred day moving average is $14.24. The company has a market cap of $3.64 billion, a PE ratio of 9.73 and a beta of 0.43. 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 data on Tuesday, November 18th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The business had revenue of $217.84 million during the quarter, compared to analysts’ expectations of $220.54 million. Golub Capital BDC had a net margin of 43.25% and a return on equity of 10.40%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 EPS. Equities analysts predict that Golub Capital BDC will post 1.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Golub Capital BDC

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Allworth Financial LP grew its stake in shares of Golub Capital BDC by 116.8% in the 2nd quarter. Allworth Financial LP now owns 2,192 shares of the investment management company’s stock valued at $32,000 after purchasing an additional 1,181 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Golub Capital BDC in the 3rd quarter valued at $33,000. First Horizon Advisors Inc. acquired a new position in Golub Capital BDC in the 2nd quarter valued at $41,000. MTM Investment Management LLC acquired a new position in Golub Capital BDC in the 2nd quarter valued at $41,000. Finally, CWM LLC raised its position in Golub Capital BDC by 13,588.0% during the 3rd quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock worth $47,000 after buying an additional 3,397 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

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.