Golub Capital BDC (NASDAQ:GBDC) Rating Lowered to Sell at StockNews.com

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

Several other equities analysts also recently commented on GBDC. Keefe, Bruyette & Woods cut their price target on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Oppenheimer reissued an “outperform” rating and set a $17.00 price target on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company dropped their price objective on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Thursday. One equities 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 has an average rating of “Hold” and an average price target of $16.40.

Golub Capital BDC Stock Up 1.0 %

Shares of GBDC opened at $15.30 on Thursday. The company has a quick ratio of 5.01, a current ratio of 4.73 and a debt-to-equity ratio of 1.15. Golub Capital BDC has a 52-week low of $14.05 and a 52-week high of $17.72. The company has a market cap of $2.62 billion, a PE ratio of 10.85 and a beta of 0.54. The business has a fifty day moving average of $15.20 and a 200 day moving average of $15.41.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 10.20%. The ex-dividend date of this dividend is Monday, December 9th. Golub Capital BDC’s payout ratio is 110.64%.

Insider Transactions at Golub Capital BDC

In other news, CEO David Golub bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average price of $14.91 per share, with a total value of $298,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,958,880 shares of the company’s stock, valued at approximately $29,206,900.80. The trade was a 1.03 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders acquired 60,000 shares of company stock valued at $897,200. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Golub Capital BDC

Several institutional investors and hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp grew its position in Golub Capital BDC by 13.5% during the 3rd quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company’s stock worth $61,458,000 after purchasing an additional 475,196 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of Golub Capital BDC by 5.0% in the 3rd quarter. Sound Income Strategies LLC now owns 2,882,861 shares of the investment management company’s stock valued at $43,560,000 after acquiring an additional 137,813 shares during the period. Northeast Financial Consultants Inc raised its stake in Golub Capital BDC by 25.9% in the 3rd quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock worth $40,016,000 after acquiring an additional 544,126 shares during the last quarter. Allen Investment Management LLC lifted its position in Golub Capital BDC by 6.9% during the 2nd quarter. Allen Investment Management LLC now owns 2,246,793 shares of the investment management company’s stock worth $35,297,000 after acquiring an additional 145,761 shares during the period. Finally, Partners Group Holding AG lifted its position in Golub Capital BDC by 48.2% during the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock worth $30,139,000 after acquiring an additional 648,855 shares during the period. 42.38% of the stock is owned by hedge funds and other 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.