StockNews.com Upgrades Golub Capital BDC (NASDAQ:GBDC) to Hold

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

Separately, Wells Fargo & Company cut their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Golub Capital BDC has a consensus rating of “Moderate Buy” and a consensus price target of $16.38.

Golub Capital BDC Price Performance

Shares of GBDC stock opened at $15.02 on Wednesday. The firm’s 50 day moving average is $15.39 and its 200-day moving average is $15.25. Golub Capital BDC has a 1 year low of $14.05 and a 1 year high of $17.72. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 10.88 and a beta of 0.50. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. Sell-side analysts forecast that Golub Capital BDC will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.39%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC’s payout ratio is presently 113.04%.

Institutional Investors Weigh In On Golub Capital BDC

Large investors have recently bought and sold shares of the company. Blue Trust Inc. increased its stake in Golub Capital BDC by 413.1% in the fourth quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company’s stock valued at $36,000 after purchasing an additional 1,921 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Golub Capital BDC by 36.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock worth $47,000 after acquiring an additional 827 shares in the last quarter. Optiver Holding B.V. increased its position in shares of Golub Capital BDC by 28.7% during the fourth quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company’s stock worth $47,000 after acquiring an additional 688 shares in the last quarter. Hurley Capital LLC bought a new stake in shares of Golub Capital BDC during the fourth quarter worth $50,000. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of Golub Capital BDC during the fourth quarter worth $160,000. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Company Profile

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.