Golub Capital BDC (GBDC) Upgraded by BidaskClub to “Buy”

Golub Capital BDC (NASDAQ:GBDC) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday.

Other research analysts also recently issued reports about the company. National Securities reissued a “buy” rating and issued a $21.00 price objective on shares of Golub Capital BDC in a research note on Monday, August 13th. Zacks Investment Research raised Golub Capital BDC from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, October 10th.

Shares of GBDC stock traded up $0.02 during trading hours on Friday, hitting $18.59. 39,092 shares of the company’s stock were exchanged, compared to its average volume of 178,247. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.22 and a quick ratio of 2.22. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 7.17 and a beta of 0.57. Golub Capital BDC has a fifty-two week low of $17.35 and a fifty-two week high of $19.89.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. raised its stake in Golub Capital BDC by 62.2% in the 2nd quarter. Sei Investments Co. now owns 8,146 shares of the investment management company’s stock valued at $149,000 after purchasing an additional 3,123 shares during the last quarter. TCW Group Inc. raised its stake in Golub Capital BDC by 14.5% in the 2nd quarter. TCW Group Inc. now owns 31,500 shares of the investment management company’s stock valued at $576,000 after purchasing an additional 4,000 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Golub Capital BDC by 310.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,715 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 4,324 shares during the last quarter. Legal & General Group Plc raised its stake in Golub Capital BDC by 1.9% in the 3rd quarter. Legal & General Group Plc now owns 241,182 shares of the investment management company’s stock valued at $4,525,000 after purchasing an additional 4,382 shares during the last quarter. Finally, Cliffwater LLC raised its stake in Golub Capital BDC by 2.3% in the 2nd quarter. Cliffwater LLC now owns 233,585 shares of the investment management company’s stock valued at $4,275,000 after purchasing an additional 5,156 shares during the last quarter. 37.14% of the stock is owned by hedge funds and other institutional investors.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc 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. The company seeks to invest in the United States.

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