Bank of America Has Lowered Expectations for Golub Capital BDC (NASDAQ:GBDC) Stock Price

Golub Capital BDC (NASDAQ:GBDC) had its target price cut by stock analysts at Bank of America from $16.50 to $15.50 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the investment management company’s stock. Bank of America‘s price objective would indicate a potential upside of 4.24% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company dropped their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Golub Capital BDC from $16.50 to $15.50 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Golub Capital BDC presently has an average rating of “Moderate Buy” and a consensus target price of $15.50.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $14.87 on Monday. The firm has a 50-day moving average price of $14.45 and a 200 day moving average price of $15.05. The firm has a market capitalization of $3.96 billion, a PE ratio of 10.78 and a beta of 0.55. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. Golub Capital BDC has a 52-week low of $12.68 and a 52-week high of $16.89.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Monday, May 5th. The investment management company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. The business had revenue of $211.10 million for the quarter, compared to the consensus estimate of $223.89 million. During the same quarter last year, the business posted $0.55 EPS. On average, sell-side analysts anticipate that Golub Capital BDC will post 1.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Golub Capital BDC

Hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp lifted its holdings in Golub Capital BDC by 13.4% during the 4th quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock valued at $68,555,000 after purchasing an additional 533,895 shares during the last quarter. Allen Investment Management LLC increased its position in shares of Golub Capital BDC by 11.9% in the first quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company’s stock worth $62,615,000 after purchasing an additional 441,050 shares during the period. Sound Income Strategies LLC grew its position in Golub Capital BDC by 4.2% in the first quarter. Sound Income Strategies LLC now owns 3,183,837 shares of the investment management company’s stock valued at $48,203,000 after acquiring an additional 128,457 shares during the last quarter. Sage Mountain Advisors LLC grew its position in Golub Capital BDC by 9.4% in the first quarter. Sage Mountain Advisors LLC now owns 2,746,062 shares of the investment management company’s stock valued at $41,575,000 after acquiring an additional 236,613 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Golub Capital BDC by 2.1% during the fourth quarter. JPMorgan Chase & Co. now owns 2,385,828 shares of the investment management company’s stock valued at $36,169,000 after purchasing an additional 49,519 shares in the last quarter. 42.38% of the stock is owned by 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.