Golub Capital BDC (NASDAQ:GBDC) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Golub Capital BDC (NASDAQ:GBDC) from a hold rating to a sell rating in a report issued on Sunday morning.

Several other equities analysts have also recently weighed in on the company. Capital One Financial set a $15.00 price objective on Golub Capital BDC in a research note on Thursday, January 15th. Keefe, Bruyette & Woods lowered their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Wells Fargo & Company dropped their price target on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Royal Bank Of Canada assumed coverage on shares of Golub Capital BDC in a report on Friday. They set an “outperform” rating and a $15.00 price target on the stock. Finally, Lucid Cap Mkts raised shares of Golub Capital BDC to a “strong-buy” rating in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Golub Capital BDC presently has a consensus rating of “Buy” and a consensus target price of $14.50.

Golub Capital BDC Stock Performance

Shares of Golub Capital BDC stock opened at $13.63 on Friday. Golub Capital BDC has a 52 week low of $11.77 and a 52 week high of $15.63. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.25. The business has a 50 day moving average price of $12.51 and a 200-day moving average price of $13.31. The company has a market cap of $3.59 billion, a PE ratio of 10.90 and a beta of 0.40.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.The company had revenue of $110.18 million for the quarter, compared to analysts’ expectations of $208.89 million. During the same quarter in the previous year, the firm earned $0.42 earnings per share. Equities analysts anticipate that Golub Capital BDC 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 was paid on Monday, March 30th. Shareholders of record on Friday, March 13th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date was Friday, March 13th. Golub Capital BDC’s dividend payout ratio is 105.60%.

Institutional Investors Weigh In On Golub Capital BDC

Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada grew its position in Golub Capital BDC by 41.4% during the first quarter. Royal Bank of Canada now owns 131,544 shares of the investment management company’s stock valued at $1,991,000 after buying an additional 38,534 shares during the period. NewEdge Advisors LLC raised its position in Golub Capital BDC by 19.7% in the first quarter. NewEdge Advisors LLC now owns 43,534 shares of the investment management company’s stock worth $659,000 after acquiring an additional 7,178 shares during the period. Empowered Funds LLC raised its position in Golub Capital BDC by 140.0% in the first quarter. Empowered Funds LLC now owns 27,411 shares of the investment management company’s stock worth $415,000 after acquiring an additional 15,988 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Golub Capital BDC in the first quarter valued at about $6,491,000. Finally, Focus Partners Wealth boosted its stake in Golub Capital BDC by 24.9% in the first quarter. Focus Partners Wealth now owns 33,355 shares of the investment management company’s stock valued at $505,000 after acquiring an additional 6,658 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors.

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.