Golub Capital BDC (NASDAQ:GBDC) Rating Lowered to Strong Sell at Zacks Research

Golub Capital BDC (NASDAQ:GBDC) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Lucid Cap Mkts upgraded shares of Golub Capital BDC to a “strong-buy” rating in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research note on Friday, March 27th. Wall Street Zen downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, April 19th. Royal Bank Of Canada dropped their price target on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Keefe, Bruyette & Woods dropped their price target on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.25.

Golub Capital BDC Stock Up 0.1%

GBDC opened at $13.16 on Thursday. Golub Capital BDC has a fifty-two week low of $11.77 and a fifty-two week high of $15.63. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.24 and a current ratio of 2.20. The company has a market capitalization of $3.43 billion, a P/E ratio of 17.09 and a beta of 0.41. The stock has a fifty day moving average of $12.73 and a 200-day moving average of $13.28.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Monday, May 4th. The investment management company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.The firm had revenue of ($5.28) million for the quarter, compared to analyst estimates of $201.71 million. During the same period in the prior year, the business posted $0.30 EPS. On average, equities analysts expect that Golub Capital BDC will post 1.38 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its holdings in shares of 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 worth $1,991,000 after buying an additional 38,534 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Golub Capital BDC by 19.7% during the first quarter. NewEdge Advisors LLC now owns 43,534 shares of the investment management company’s stock worth $659,000 after buying an additional 7,178 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Golub Capital BDC by 140.0% during the first quarter. Empowered Funds LLC now owns 27,411 shares of the investment management company’s stock worth $415,000 after buying an additional 15,988 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Golub Capital BDC during the first quarter worth $6,491,000. Finally, Focus Partners Wealth increased its holdings in shares of Golub Capital BDC by 24.9% during the first quarter. Focus Partners Wealth now owns 33,355 shares of the investment management company’s stock worth $505,000 after buying an additional 6,658 shares in the last quarter. Institutional investors and hedge funds 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.