Golub Capital BDC (NASDAQ:GBDC) Upgraded to “Hold” by StockNews.com

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

GBDC has been the subject of several other reports. Oppenheimer reiterated an outperform rating and set a $17.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Wells Fargo & Company lowered their price target on Golub Capital BDC from $15.50 to $15.00 and set an equal weight rating for the company in a research report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods cut their price objective on Golub Capital BDC from $17.50 to $16.50 and set an outperform rating on the stock in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $16.40.

Golub Capital BDC Trading Up 0.6 %

NASDAQ:GBDC opened at $14.98 on Friday. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 7.38 and a beta of 0.53. Golub Capital BDC has a 52 week low of $13.95 and a 52 week high of $17.72. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 1.06. The firm has a 50 day moving average of $14.96 and a 200 day moving average of $15.81.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Monday, August 5th. The investment management company reported $0.48 earnings per share 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 business had revenue of $171.27 million during the quarter, compared to analyst estimates of $205.24 million. During the same period in the previous year, the business earned $0.44 EPS. As a group, sell-side analysts anticipate that Golub Capital BDC will post 1.92 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.41%. The ex-dividend date of this dividend is Friday, August 30th. Golub Capital BDC’s dividend payout ratio is currently 76.85%.

Insider Buying and Selling

In other Golub Capital BDC news, Director Anita J. Rival bought 26,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the transaction, the director now directly owns 95,000 shares of the company’s stock, valued at $1,368,000. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other Golub Capital BDC news, Director Anita J. Rival bought 26,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $14.40 per share, for a total transaction of $374,400.00. Following the transaction, the director now directly owns 95,000 shares of the company’s stock, valued at approximately $1,368,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Lawrence E. Golub purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost of $14.91 per share, for a total transaction of $298,200.00. Following the purchase, the chairman now directly owns 1,998,880 shares in the company, valued at approximately $29,803,300.80. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 146,000 shares of company stock valued at $2,159,400. Corporate insiders own 2.70% of the company’s stock.

Institutional Trading of Golub Capital BDC

Institutional investors and hedge funds have recently modified their holdings of the stock. Future Financial Wealth Managment LLC purchased a new position in Golub Capital BDC in the 1st quarter valued at about $38,000. Cove Street Capital LLC acquired a new position in shares of Golub Capital BDC during the second quarter valued at approximately $39,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Golub Capital BDC by 77.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,463 shares of the investment management company’s stock valued at $52,000 after acquiring an additional 1,508 shares in the last quarter. Quarry LP acquired a new stake in shares of Golub Capital BDC in the second quarter worth approximately $61,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Golub Capital BDC in the second quarter worth approximately $71,000. 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.