Royal Bank Of Canada Issues Pessimistic Forecast for Golub Capital BDC (NASDAQ:GBDC) Stock Price

Golub Capital BDC (NASDAQ:GBDC) had its price objective dropped by equities researchers at Royal Bank Of Canada from $15.00 to $14.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the investment management company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 6.38% from the company’s previous close.

A number of other equities research analysts have also issued reports on GBDC. Keefe, Bruyette & Woods cut their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Lucid Cap Mkts raised Golub Capital BDC to a “strong-buy” rating in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research report on Friday, March 27th. Wall Street Zen lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. Finally, Oppenheimer reissued an “outperform” rating and set a $14.00 price target on shares of Golub Capital BDC in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.25.

Golub Capital BDC Stock Up 0.1%

Shares of Golub Capital BDC stock opened at $13.16 on Thursday. The stock’s fifty day moving average is $12.73 and its 200-day moving average is $13.28. The firm has a market capitalization of $3.43 billion, a PE ratio of 17.09 and a beta of 0.41. The company has a quick ratio of 2.24, a current ratio of 2.20 and a debt-to-equity ratio of 1.25. Golub Capital BDC has a 12-month low of $11.77 and a 12-month high of $15.63.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Monday, May 4th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The company had revenue of ($5.28) million for the quarter, compared to analyst estimates of $201.71 million. Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.During the same period last year, the firm earned $0.30 earnings per share. Equities analysts anticipate that Golub Capital BDC will post 1.38 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Comprehensive Money Management Services LLC raised its position in Golub Capital BDC by 7.8% during the third quarter. Comprehensive Money Management Services LLC now owns 12,500 shares of the investment management company’s stock valued at $171,000 after buying an additional 900 shares during the period. Colton Groome Financial Advisors LLC raised its position in Golub Capital BDC by 9.0% during the third quarter. Colton Groome Financial Advisors LLC now owns 11,078 shares of the investment management company’s stock valued at $152,000 after buying an additional 913 shares during the period. Truist Financial Corp raised its position in Golub Capital BDC by 5.6% during the third quarter. Truist Financial Corp now owns 19,603 shares of the investment management company’s stock valued at $268,000 after buying an additional 1,035 shares during the period. Keel Point LLC raised its position in Golub Capital BDC by 2.7% during the second quarter. Keel Point LLC now owns 39,845 shares of the investment management company’s stock valued at $584,000 after buying an additional 1,039 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in Golub Capital BDC by 2.4% in the 3rd quarter. Geneos Wealth Management Inc. now owns 45,085 shares of the investment management company’s stock worth $617,000 after purchasing an additional 1,049 shares during the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

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.