Golub Capital BDC (NASDAQ:GBDC) Given New $15.50 Price Target at Wells Fargo & Company

Golub Capital BDC (NASDAQ:GBDC) had its price objective increased by research analysts at Wells Fargo & Company from $15.00 to $15.50 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the investment management company’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 0.78% from the company’s previous close.

A number of other equities analysts also recently commented on GBDC. Oppenheimer restated an “outperform” rating and issued a $17.00 price objective on shares of Golub Capital BDC in a report on Wednesday, August 7th. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods reduced 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. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Golub Capital BDC currently has an average rating of “Moderate Buy” and an average price target of $16.50.

Golub Capital BDC Stock Down 0.8 %

Shares of GBDC traded down $0.13 during trading hours on Tuesday, reaching $15.38. The company’s stock had a trading volume of 118,195 shares, compared to its average volume of 1,160,960. The company has a 50 day moving average of $15.05 and a two-hundred day moving average of $15.63. Golub Capital BDC has a 1-year low of $14.05 and a 1-year high of $17.72. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 7.58 and a beta of 0.53. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 1.06.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data 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 return on equity of 11.99% and a net margin of 42.14%. The firm had revenue of $171.27 million during the quarter, compared to analyst estimates of $205.24 million. During the same quarter in the prior year, the company posted $0.44 EPS. As a group, research analysts predict that Golub Capital BDC will post 1.92 EPS for the current fiscal year.

Insider Activity at Golub Capital BDC

In other news, Chairman Lawrence E. Golub purchased 20,000 shares of Golub Capital BDC stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average cost of $15.01 per share, for a total transaction of $300,200.00. Following the purchase, the chairman now directly owns 1,858,880 shares of the company’s stock, valued at $27,901,788.80. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Anita J. Rival bought 26,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the transaction, the director now owns 95,000 shares in the company, valued at $1,368,000. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Lawrence E. Golub acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average price of $15.01 per share, with a total value of $300,200.00. Following the acquisition, the chairman now owns 1,858,880 shares in the company, valued at $27,901,788.80. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 146,000 shares of company stock worth $2,159,400 in the last ninety days. 2.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Golub Capital BDC

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC lifted its holdings 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 purchasing an additional 1,355 shares during the period. Allworth Financial LP grew its stake in shares of Golub Capital BDC by 135.6% in the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock worth $35,000 after purchasing an additional 1,347 shares during the last quarter. Cove Street Capital LLC bought a new stake in shares of Golub Capital BDC in the second quarter worth $39,000. Quarry LP bought a new stake in shares of Golub Capital BDC in the second quarter worth $61,000. Finally, Brown Brothers Harriman & Co. bought a new stake in Golub Capital BDC during the second quarter valued at $71,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

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.