Golub Capital BDC (NASDAQ:GBDC) Hits New 12-Month Low – Here’s Why

Golub Capital BDC, Inc. (NASDAQ:GBDC) shares reached a new 52-week low on Monday . The company traded as low as $13.16 and last traded at $13.29, with a volume of 527524 shares. The stock had previously closed at $13.89.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.17.

Golub Capital BDC Stock Down 3.4 %

The stock has a market cap of $3.56 billion, a P/E ratio of 9.75 and a beta of 0.33. The firm’s fifty day moving average is $15.34 and its 200 day moving average is $15.27. 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 (NASDAQ:GBDC) last announced its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. As a group, equities research analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.63%. The ex-dividend date of this dividend was Monday, March 3rd. Golub Capital BDC’s dividend payout ratio is presently 113.04%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GBDC. Blue Trust Inc. increased its stake in Golub Capital BDC by 413.1% in the fourth quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company’s stock valued at $36,000 after acquiring an additional 1,921 shares during the period. Parkside Financial Bank & Trust boosted its stake in Golub Capital BDC by 36.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock valued at $47,000 after buying an additional 827 shares in the last quarter. Optiver Holding B.V. raised its stake in Golub Capital BDC by 28.7% during the fourth quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company’s stock worth $47,000 after acquiring an additional 688 shares in the last quarter. Hurley Capital LLC acquired a new stake in shares of Golub Capital BDC in the 4th quarter valued at $50,000. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of Golub Capital BDC during the 4th quarter worth about $160,000. 42.38% of the stock is owned by 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.