Golub Capital BDC (NASDAQ:GBDC) Downgraded by StockNews.com to Sell

StockNews.com cut shares of Golub Capital BDC (NASDAQ:GBDC) from a hold rating to a sell rating in a research report report published on Thursday.

Separately, Wells Fargo & Company reduced their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Golub Capital BDC has a consensus rating of “Hold” and a consensus price target of $16.38.

Golub Capital BDC Stock Up 0.6 %

Shares of NASDAQ:GBDC opened at $15.92 on Thursday. The company has a quick ratio of 4.73, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $4.23 billion, a P/E ratio of 11.54 and a beta of 0.54. Golub Capital BDC has a 52-week low of $14.05 and a 52-week high of $17.72. The stock’s fifty day simple moving average is $15.31 and its 200-day simple moving average is $15.17.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. As a group, equities research analysts forecast that Golub Capital BDC will post 1.62 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.39 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.56 annualized dividend and a yield of 9.80%. Golub Capital BDC’s dividend payout ratio is presently 113.04%.

Institutional Trading of Golub Capital BDC

A number of institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC raised its holdings in Golub Capital BDC by 33.9% in the fourth quarter. NewEdge Advisors LLC now owns 36,356 shares of the investment management company’s stock valued at $551,000 after buying an additional 9,214 shares during the period. Guggenheim Capital LLC increased its position in shares of Golub Capital BDC by 6.5% in the fourth quarter. Guggenheim Capital LLC now owns 35,050 shares of the investment management company’s stock worth $531,000 after acquiring an additional 2,136 shares in the last quarter. XTX Topco Ltd raised its stake in shares of Golub Capital BDC by 19.4% in the 4th quarter. XTX Topco Ltd now owns 39,586 shares of the investment management company’s stock valued at $600,000 after acquiring an additional 6,432 shares during the period. LSV Asset Management lifted its holdings in shares of Golub Capital BDC by 5.6% during the 4th quarter. LSV Asset Management now owns 1,305,018 shares of the investment management company’s stock valued at $19,784,000 after acquiring an additional 68,700 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Golub Capital BDC during the 4th quarter worth $4,470,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

About Golub Capital BDC

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.