Golub Capital BDC, Inc. (GBDC) Given a $20.00 Price Target by Keefe, Bruyette & Woods Analysts
Golub Capital BDC, Inc. (NASDAQ:GBDC) has been given a $20.00 price target by equities researchers at Keefe, Bruyette & Woods in a research report issued on Friday. The brokerage presently has a “hold” rating on the investment management company’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 5.93% from the company’s current price.
Other equities research analysts have also recently issued research reports about the stock. BidaskClub raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. National Securities reaffirmed a “neutral” rating and set a $19.00 target price on shares of Golub Capital BDC in a research note on Monday, June 12th. Finally, Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $19.75.
Shares of Golub Capital BDC (NASDAQ:GBDC) traded down 0.53% during trading on Friday, hitting $18.78. 57,373 shares of the company were exchanged. The firm’s 50-day moving average price is $18.69 and its 200 day moving average price is $19.45. Golub Capital BDC has a 12 month low of $17.34 and a 12 month high of $20.50.
Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, August 7th. The investment management company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Golub Capital BDC had a net margin of 53.62% and a return on equity of 7.86%. The company had revenue of $35.40 million during the quarter, compared to analyst estimates of $35.11 million. During the same quarter in the previous year, the firm earned $0.35 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that Golub Capital BDC will post $1.25 EPS for the current fiscal year.
In other news, Director William M. Iv Webster purchased 5,000 shares of the stock in a transaction dated Friday, September 1st. The shares were purchased at an average price of $18.46 per share, with a total value of $92,300.00. Following the transaction, the director now owns 136,514 shares in the company, valued at approximately $2,520,048.44. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.40% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Muzinich & Co. Inc. lifted its position in Golub Capital BDC by 19.7% in the second quarter. Muzinich & Co. Inc. now owns 2,692,260 shares of the investment management company’s stock valued at $51,476,000 after buying an additional 443,945 shares during the last quarter. Bank of Montreal Can acquired a new position in Golub Capital BDC in the second quarter valued at about $7,342,000. UBS Group AG lifted its position in Golub Capital BDC by 19.6% in the first quarter. UBS Group AG now owns 1,664,292 shares of the investment management company’s stock valued at $33,086,000 after buying an additional 272,717 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Golub Capital BDC by 58.2% in the second quarter. First Eagle Investment Management LLC now owns 543,700 shares of the investment management company’s stock valued at $10,396,000 after buying an additional 200,000 shares during the last quarter. Finally, Farmhouse Investment Management LLC acquired a new position in Golub Capital BDC in the first quarter valued at about $4,052,000. 41.58% of the stock is currently owned by hedge funds and other institutional investors.
About Golub Capital BDC
Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.
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