Wells Fargo Downgrades Golub Capital BDC (GBDC) to Market Perform; Q2 Results Light

May 9, 2011 7:49 AM EDT
Get Alerts GBDC Hot Sheet
Price: $13.26 -1.04%

Rating Summary:
    8 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Wells Fargo downgraded Golub Capital BDC (NASDAQ: GBDC) from Outperform to Market Perform. Valuation Range: $15-$16 from $16-$17.

Wells analyst says, "Our current rating is based on our belief that the Company's dividend is very secure but upside in the shares is limited over the next 12-18 months. GBDC's structure is more shareholder friendly than most peers and is supported by the strength and resources of Golub Capital, a leader in middle market lending."

For more ratings news on Golub Capital BDC click here and for the rating history of Golub Capital BDC click here.

Shares of Golub Capital BDC closed at $15.89 yesterday.


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