Golub Capital BDC (NASDAQ:GBDC) Rating Lowered to Sell at StockNews.com

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

GBDC has been the topic of several other reports. Keefe, Bruyette & Woods reduced their price objective on Golub Capital BDC from $17.50 to $16.50 and set an outperform rating on the stock in a research note on Wednesday, August 7th. Wells Fargo & Company decreased their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an equal weight rating for the company in a report on Wednesday, August 7th. Raymond James lowered shares of Golub Capital BDC from an outperform rating to a market perform rating in a research note on Wednesday, May 8th. Finally, Oppenheimer restated an outperform rating and issued a $17.00 target price on shares of Golub Capital BDC in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $16.40.

Golub Capital BDC Stock Performance

Shares of Golub Capital BDC stock opened at $14.89 on Thursday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 5.01 and a current ratio of 5.01. Golub Capital BDC has a 1 year low of $13.95 and a 1 year high of $17.72. The firm’s 50-day simple moving average is $15.19 and its 200-day simple moving average is $15.89. The firm has a market cap of $2.55 billion, a PE ratio of 7.33 and a beta of 0.52.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Monday, August 5th. The investment management company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $171.27 million for the quarter, compared to analyst estimates of $205.24 million. Golub Capital BDC had a net margin of 42.14% and a return on equity of 11.99%. During the same quarter in the previous year, the company earned $0.44 EPS. Equities analysts forecast that Golub Capital BDC will post 1.92 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.48%. The ex-dividend date is Friday, August 30th. Golub Capital BDC’s dividend payout ratio is currently 76.85%.

Insider Buying and Selling at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 88,748 shares of the stock in a transaction dated Tuesday, June 11th. The shares were bought at an average cost of $16.03 per share, with a total value of $1,422,630.44. Following the completion of the acquisition, the chairman now owns 1,357,628 shares of the company’s stock, valued at $21,762,776.84. The purchase was disclosed in a filing with the SEC, which is available through this link. In related news, Chairman Lawrence E. Golub acquired 88,748 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was acquired at an average cost of $16.03 per share, for a total transaction of $1,422,630.44. Following the completion of the acquisition, the chairman now directly owns 1,357,628 shares of the company’s stock, valued at approximately $21,762,776.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David Golub bought 450,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were purchased at an average cost of $16.03 per share, for a total transaction of $7,213,500.00. Following the acquisition, the chief executive officer now owns 1,718,880 shares of the company’s stock, valued at $27,553,646.40. The disclosure for this purchase can be found here. Insiders have acquired 664,748 shares of company stock valued at $10,497,330 in the last quarter. Corporate insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Waterloo Capital L.P. bought a new position in shares of Golub Capital BDC during the 4th quarter valued at about $1,304,000. SG Americas Securities LLC bought a new stake in Golub Capital BDC during the first quarter worth approximately $878,000. Baillie Gifford & Co. grew its position in Golub Capital BDC by 37.5% in the first quarter. Baillie Gifford & Co. now owns 307,486 shares of the investment management company’s stock worth $5,113,000 after buying an additional 83,787 shares during the last quarter. Quest Partners LLC bought a new position in shares of Golub Capital BDC in the fourth quarter valued at $1,029,000. Finally, Abundance Wealth Counselors lifted its position in shares of Golub Capital BDC by 289.2% during the 2nd quarter. Abundance Wealth Counselors now owns 187,345 shares of the investment management company’s stock valued at $2,943,000 after acquiring an additional 139,212 shares during the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

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.