Golub Capital BDC (NASDAQ:GBDC) Hits New 52-Week Low – Should You Sell?

Golub Capital BDC, Inc. (NASDAQ:GBDC) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $11.77 and last traded at $12.0440, with a volume of 423820 shares changing hands. The stock had previously closed at $11.99.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research report on Monday, December 29th. Lucid Cap Mkts raised Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. Capital One Financial set a $15.00 price target on shares of Golub Capital BDC in a research report on Thursday, January 15th. Wall Street Zen downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Golub Capital BDC has a consensus rating of “Buy” and a consensus price target of $14.38.

Golub Capital BDC Stock Down 0.6%

The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 9.77 and a beta of 0.45. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.24 and a current ratio of 2.24. The business’s 50 day moving average is $13.13 and its 200-day moving average is $13.74.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. The company had revenue of $110.18 million during the quarter, compared to analysts’ expectations of $208.89 million. Golub Capital BDC had a net margin of 38.57% and a return on equity of 10.37%. During the same period in the prior year, the company earned $0.42 earnings per share. Equities analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.32 dividend on an annualized basis and a yield of 10.8%. Golub Capital BDC’s dividend payout ratio (DPR) is 124.80%.

Institutional Trading of Golub Capital BDC

Several institutional investors have recently bought and sold shares of the stock. Alpine Global Management LLC grew its position in Golub Capital BDC by 487.1% in the fourth quarter. Alpine Global Management LLC now owns 155,588 shares of the investment management company’s stock valued at $2,111,000 after acquiring an additional 129,088 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in shares of Golub Capital BDC by 39.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 249,360 shares of the investment management company’s stock valued at $3,384,000 after purchasing an additional 70,011 shares in the last quarter. Onyx Bridge Wealth Group LLC grew its holdings in shares of Golub Capital BDC by 3.2% in the 4th quarter. Onyx Bridge Wealth Group LLC now owns 127,055 shares of the investment management company’s stock worth $1,724,000 after purchasing an additional 3,895 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Golub Capital BDC during the 4th quarter worth about $1,412,000. Finally, Coastal Bridge Advisors LLC acquired a new stake in shares of Golub Capital BDC during the 4th quarter worth about $6,760,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Company Profile

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.