Golub Capital BDC (GBDC) PT Lowered to $15 at Keefe, Bruyette & Woods
Get Alerts GBDC Hot Sheet
Price: $12.12 -0.57%
Rating Summary:
8 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 15
Rating Summary:
8 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 15
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Keefe, Bruyette & Woods analyst Paul Johnson lowered the price target on Golub Capital BDC (NASDAQ: GBDC) to $15.00 (from $15.50) while maintaining an Outperform rating.
The analyst commented: "GBDC reported a good quarter, however we are lowering our estimates as spread compression continues to pressure portfolio yield. Credit remains solid with <1% on non-accrual, although KBW watchlist increased slightly this quarter. The quarterly dividend was maintained at $0.39, however GBDC will be re-evaluating the dividend policy early next year. We expect GBDC to adjust the dividend lower."
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