Golub Capital BDC (NASDAQ:GBDC) Hits New 12-Month Low – What’s Next?

Golub Capital BDC, Inc. (NASDAQ:GBDC) reached a new 52-week low during trading on Tuesday . The company traded as low as $12.22 and last traded at $12.3450, with a volume of 2361821 shares trading hands. The stock had previously closed at $12.63.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GBDC shares. Wells Fargo & Company cut their price objective on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Lucid Cap Mkts raised shares of Golub Capital BDC to a “strong-buy” rating in a research report on Thursday, January 15th. Wall Street Zen downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Capital One Financial set a $15.00 price objective on shares of Golub Capital BDC in a research note on Thursday, January 15th. Finally, 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 note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $14.38.

Golub Capital BDC Price Performance

The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.25. The stock has a market cap of $3.22 billion, a PE ratio of 9.78 and a beta of 0.43. The business has a 50-day moving average price of $13.34 and a 200 day moving average price of $13.90.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Wednesday, February 4th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. The business had revenue of $110.18 million for the quarter, compared to analysts’ expectations of $208.89 million. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.During the same period in the previous year, the business posted $0.42 EPS. As a group, research analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.32 annualized dividend and a yield of 10.8%. Golub Capital BDC’s dividend payout ratio (DPR) is 124.80%.

Institutional Investors Weigh In On Golub Capital BDC

Several institutional investors have recently made changes to their positions in GBDC. GSA Capital Partners LLP boosted its holdings in shares of Golub Capital BDC by 1,321.2% in the 3rd quarter. GSA Capital Partners LLP now owns 157,976 shares of the investment management company’s stock worth $2,163,000 after purchasing an additional 146,860 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of Golub Capital BDC by 2,542.0% during the 3rd quarter. AlphaQuest LLC now owns 128,984 shares of the investment management company’s stock valued at $1,766,000 after buying an additional 124,102 shares in the last quarter. Generali Asset Management SPA SGR raised its holdings in shares of Golub Capital BDC by 4.7% during the 3rd quarter. Generali Asset Management SPA SGR now owns 2,630,739 shares of the investment management company’s stock valued at $36,015,000 after buying an additional 118,034 shares in the last quarter. Muzinich & Co. Inc. lifted its position in Golub Capital BDC by 32.4% in the 3rd quarter. Muzinich & Co. Inc. now owns 1,625,636 shares of the investment management company’s stock worth $22,255,000 after buying an additional 397,514 shares during the last quarter. Finally, TT Capital Management LLC purchased a new stake in Golub Capital BDC in the second quarter worth approximately $1,104,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

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.