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

StockNews.com downgraded shares of Golub Capital BDC (NASDAQ:GBDC) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

GBDC has been the subject of several other reports. Wells Fargo & Company reduced their price objective 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. Oppenheimer reissued 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 cut their price objective on shares of 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $16.40.

Golub Capital BDC Trading Up 1.0 %

Shares of NASDAQ GBDC opened at $15.11 on Friday. Golub Capital BDC has a 12-month low of $13.95 and a 12-month high of $17.72. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 7.44 and a beta of 0.53. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 1.06. The stock’s 50 day simple moving average is $14.90 and its 200 day simple moving average is $15.78.

Golub Capital BDC (NASDAQ:GBDC) last posted its 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). The company had revenue of $171.27 million during the quarter, compared to the consensus estimate 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 business posted $0.44 earnings per share. Equities research analysts expect that Golub Capital BDC will post 1.92 EPS for the current year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.32%. The ex-dividend date of this dividend was Friday, August 30th. Golub Capital BDC’s dividend payout ratio is presently 76.85%.

Insider Activity at Golub Capital BDC

In other Golub Capital BDC news, Director Anita J. Rival purchased 26,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the director now owns 95,000 shares in the company, valued at $1,368,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Golub Capital BDC news, Director Anita J. Rival bought 26,000 shares of Golub Capital BDC stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the completion of the acquisition, the director now owns 95,000 shares of the company’s stock, valued at approximately $1,368,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David Golub purchased 20,000 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was acquired at an average price of $14.70 per share, for a total transaction of $294,000.00. Following the transaction, the chief executive officer now owns 1,758,880 shares of the company’s stock, valued at approximately $25,855,536. The disclosure for this purchase can be found here. Insiders bought 146,000 shares of company stock valued at $2,159,400 over the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Golub Capital BDC

Institutional investors and hedge funds have recently modified their holdings of 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 purchasing an additional 622 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Golub Capital BDC by 4.3% in the fourth quarter. Chicago Partners Investment Group LLC now owns 18,575 shares of the investment management company’s stock worth $286,000 after acquiring an additional 771 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in shares of Golub Capital BDC by 3.0% during the first quarter. Silvercrest Asset Management Group LLC now owns 33,077 shares of the investment management company’s stock valued at $550,000 after acquiring an additional 970 shares during the period. Wedbush Securities Inc. lifted its position in shares of Golub Capital BDC by 2.8% in the 2nd quarter. Wedbush Securities Inc. now owns 37,031 shares of the investment management company’s stock valued at $582,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its stake in Golub Capital BDC by 2.6% in the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 44,944 shares of the investment management company’s stock worth $706,000 after purchasing an additional 1,123 shares during the period. 42.38% of the stock is owned by institutional investors and hedge funds.

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.