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

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

Several other brokerages have also recently issued reports on GBDC. Wells Fargo & Company decreased their target price 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. Oppenheimer reiterated an “outperform” rating and issued a $17.00 price target on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $16.40.

Golub Capital BDC Price Performance

GBDC stock opened at $14.96 on Friday. 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 52 week low of $13.95 and a 52 week high of $17.72. The firm’s fifty day moving average is $14.91 and its 200 day moving average is $15.79. The firm has a market cap of $2.57 billion, a P/E ratio of 7.37 and a beta of 0.53.

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

Insider Buying and Selling

In related news, Director Anita J. Rival bought 26,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $14.40 per share, for a total transaction of $374,400.00. Following the completion of the transaction, the director now owns 95,000 shares in the company, valued at $1,368,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO David Golub bought 20,000 shares of the stock in a transaction dated Monday, August 19th. The stock was purchased at an average price of $14.70 per share, for a total transaction of $294,000.00. Following the acquisition, the chief executive officer now owns 1,758,880 shares of the company’s stock, valued at $25,855,536. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Anita J. Rival bought 26,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price of $14.40 per share, with a total value of $374,400.00. Following the acquisition, the director now directly owns 95,000 shares in the company, valued at approximately $1,368,000. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 146,000 shares of company stock worth $2,159,400. 2.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Neville Rodie & Shaw Inc. increased its stake in Golub Capital BDC by 1.2% in the 1st quarter. Neville Rodie & Shaw Inc. now owns 53,842 shares of the investment management company’s stock worth $895,000 after buying an additional 622 shares during the period. Chicago Partners Investment Group LLC increased its stake in Golub Capital BDC by 4.3% in the 4th quarter. Chicago Partners Investment Group LLC now owns 18,575 shares of the investment management company’s stock worth $286,000 after buying an additional 771 shares during the period. Silvercrest Asset Management Group LLC increased its position in Golub Capital BDC by 3.0% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 33,077 shares of the investment management company’s stock valued at $550,000 after purchasing an additional 970 shares during the period. Wedbush Securities Inc. increased its position in Golub Capital BDC by 2.8% during the 2nd quarter. Wedbush Securities Inc. now owns 37,031 shares of the investment management company’s stock valued at $582,000 after purchasing an additional 1,000 shares during the period. Finally, Onyx Bridge Wealth Group LLC increased its position in Golub Capital BDC by 2.6% during the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 44,944 shares of the investment management company’s stock valued at $706,000 after purchasing an additional 1,123 shares during the period. Hedge funds and other institutional investors own 42.38% of the company’s stock.

About Golub Capital BDC

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.