Raymond James Upgrades Golub Capital BDC Inc to Outperform

Brokerage firm Raymond James Upgrades its rating on Golub Capital BDC Inc(GBDC). The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by the stock financial advisor at Raymond James was issued on Mar 27, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 10, 2017, Raymond James said it Downgrades its rating on Golub Capital BDC Inc. The shares have been rated ‘Market Perform’ by the firm.

Golub Capital BDC Inc (GBDC) made into the market gainers list on Fridays trading session with the shares advancing 0.42% or 0.08 points. Due to strong positive momentum, the stock ended at $19.16, which is also near the day’s high of $19.21. The stock began the session at $19.15 and the volume stood at 1,22,311 shares. The 52-week high of the shares is $19.76 and the 52 week low is $16.7. The company has a current market capitalization of $1,058 M and it has 5,52,37,037 shares in outstanding.

Golub Capital BDC Inc(GBDC) last announced its earnings results on Feb 8, 2017 for Fiscal Year 2017 and Q1.Company reported revenue of $33.849M. Analysts had an estimated revenue of $35.220M. Earnings per share were $0.32. Analysts had estimated an EPS of $0.32.

Several Insider Transactions has been reported to the SEC. On Feb 15, 2017, Lawrence E Golub (Chairman) sold 955,896 shares at $18.52 per share price.Also, On Feb 15, 2017, David Golub (Chief Executive Officer) sold 955,896 shares at $18.52 per share price.On Aug 16, 2016, John Thomas Baily (director) purchased 8,250 shares at $18.35 per share price, according to the Form-4 filing with the securities and exchange commission.

Golub Capital BDC Inc. is an externally managed closed-end non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured one stop second lien and subordinated loans of and warrants and minority equity securities in United States middle market companies. The Company’s investment activities are managed by the Company’s investment adviser GC Advisors LLC (GC Advisors). As of September 30 2014 its portfolio at fair value was comprised of 19.5% senior secured loans 69.8% one stop loans 4.4% second lien loans 0.3% subordinated loans 3.4% equity and 2.6% of investments in SLF.

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