Golub Capital BDC (NASDAQ:GBDC) Cut 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.

Other equities research analysts have also issued research reports about the stock. Oppenheimer reiterated an outperform rating and set a $17.00 price objective on shares of Golub Capital BDC in a report 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 report on Wednesday, August 7th. Raymond James downgraded Golub Capital BDC from an outperform rating to a market perform rating in a report on Wednesday, May 8th. Finally, Keefe, Bruyette & Woods lowered their target price on 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 research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $16.40.

Golub Capital BDC Trading Down 0.9 %

GBDC opened at $14.76 on Thursday. Golub Capital BDC has a one year low of $13.95 and a one year high of $17.72. The company has a debt-to-equity ratio of 1.06, a quick ratio of 5.01 and a current ratio of 5.01. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 7.27 and a beta of 0.53. The stock’s 50 day moving average price is $15.17 and its 200-day moving average price is $15.88.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results 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). The business had revenue of $171.27 million during the quarter, compared to analysts’ expectations of $205.24 million. Golub Capital BDC had a return on equity of 11.99% and a net margin of 42.14%. During the same quarter in the previous year, the business earned $0.44 EPS. On average, equities analysts forecast that Golub Capital BDC will post 1.92 EPS for the current year.

Golub Capital BDC Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 10.57%. The ex-dividend date of this dividend is Friday, August 30th. Golub Capital BDC’s dividend payout ratio (DPR) is 76.85%.

Insider Buying and Selling at Golub Capital BDC

In related news, Chairman Lawrence E. Golub acquired 88,748 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was purchased at an average cost of $16.03 per share, for a total transaction of $1,422,630.44. Following the purchase, the chairman now directly owns 1,357,628 shares of the company’s stock, valued at approximately $21,762,776.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Lawrence E. Golub acquired 88,748 shares of Golub Capital BDC stock in a transaction that occurred on Tuesday, June 11th. The stock was purchased at an average price of $16.03 per share, for a total transaction of $1,422,630.44. Following the purchase, the chairman now directly owns 1,357,628 shares in the company, valued at approximately $21,762,776.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Golub bought 450,000 shares of the stock in a transaction on Tuesday, June 11th. The stock was purchased at an average price of $16.03 per share, with a total value of $7,213,500.00. Following the completion of the purchase, 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. In the last 90 days, insiders have purchased 664,748 shares of company stock valued at $10,497,330. 2.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC purchased a new stake in shares of Golub Capital BDC during the first quarter worth about $38,000. Cove Street Capital LLC acquired a new position in Golub Capital BDC during the 2nd quarter valued at approximately $39,000. Nomura Asset Management Co. Ltd. increased its stake in Golub Capital BDC by 77.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,463 shares of the investment management company’s stock valued at $52,000 after purchasing an additional 1,508 shares in the last quarter. Quarry LP purchased a new position in shares of Golub Capital BDC in the second quarter worth $61,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Golub Capital BDC during the second quarter worth $71,000. 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.