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

Golub Capital BDC (NASDAQ:GBDC) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Golub Capital BDC Stock Performance

Golub Capital BDC stock opened at $15.32 on Thursday. 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 has a 1-year low of $14.05 and a 1-year high of $17.72. The firm has a market capitalization of $4.07 billion, a PE ratio of 11.10 and a beta of 0.50. The firm’s 50 day simple moving average is $15.40 and its 200 day simple moving average is $15.26.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. As a group, analysts expect that Golub Capital BDC will post 1.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Van ECK Associates Corp boosted its stake in Golub Capital BDC by 13.4% during the 4th quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock valued at $68,555,000 after purchasing an additional 533,895 shares during the last quarter. Sound Income Strategies LLC lifted its position in Golub Capital BDC by 6.0% during the fourth quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company’s stock valued at $46,320,000 after purchasing an additional 172,519 shares in the last quarter. Northeast Financial Consultants Inc grew its stake in shares of Golub Capital BDC by 25.9% during the 3rd quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock valued at $40,016,000 after acquiring an additional 544,126 shares during the period. Sage Mountain Advisors LLC increased its stake in shares of Golub Capital BDC by 38.8% in the fourth quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company’s stock worth $38,043,000 after purchasing an additional 701,594 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Golub Capital BDC by 2.1% during the fourth quarter. JPMorgan Chase & Co. now owns 2,385,828 shares of the investment management company’s stock valued at $36,169,000 after acquiring an additional 49,519 shares during the period. 42.38% of the stock is owned by hedge funds and other institutional investors.

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.