Golub Capital BDC (NASDAQ:GBDC) Price Target Lowered to $15.00 at Wells Fargo & Company

Golub Capital BDC (NASDAQ:GBDC) had its target price decreased by equities researchers at Wells Fargo & Company from $15.50 to $15.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the investment management company’s stock. Wells Fargo & Company‘s price objective suggests a potential downside of 1.45% from the stock’s previous close.

Several other research analysts also recently issued reports on GBDC. Keefe, Bruyette & Woods dropped their price objective on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Oppenheimer reissued an “outperform” rating and issued a $17.00 price target on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Finally, StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Golub Capital BDC has an average rating of “Moderate Buy” and a consensus price target of $16.40.

Golub Capital BDC Stock Down 2.0 %

GBDC opened at $15.22 on Thursday. Golub Capital BDC has a 1-year low of $14.05 and a 1-year high of $17.72. The business has a 50 day moving average of $15.19 and a 200-day moving average of $15.44. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 10.79 and a beta of 0.54. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 1.06.

Insider Transactions at Golub Capital BDC

In other news, CEO David Golub purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average price of $14.91 per share, with a total value of $298,200.00. Following the completion of the purchase, the chief executive officer now directly owns 1,958,880 shares of the company’s stock, valued at $29,206,900.80. The trade was a 1.03 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have purchased 80,000 shares of company stock worth $1,197,400. Corporate insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Northeast Financial Consultants Inc lifted its holdings in Golub Capital BDC by 151.8% in the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after buying an additional 1,268,442 shares during the period. Millennium Management LLC grew its stake in shares of Golub Capital BDC by 1,170.6% during the second quarter. Millennium Management LLC now owns 786,569 shares of the investment management company’s stock worth $12,357,000 after purchasing an additional 724,662 shares during the period. Boston Partners bought a new stake in Golub Capital BDC in the first quarter valued at about $12,126,000. Partners Group Holding AG increased its holdings in Golub Capital BDC by 48.2% in the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock valued at $30,139,000 after purchasing an additional 648,855 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Golub Capital BDC by 22.3% during the second quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company’s stock worth $55,190,000 after buying an additional 640,866 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Company Profile

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.