Golub Capital BDC (NASDAQ:GBDC) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of Golub Capital BDC (NASDAQ:GBDC) from a sell rating to a hold rating in a research note released on Wednesday morning.

Separately, Wells Fargo & Company cut their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.38.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $15.12 on Wednesday. Golub Capital BDC has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The firm’s 50-day simple moving average is $15.40 and its 200 day simple moving average is $15.25. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The stock has a market cap of $4.01 billion, a P/E ratio of 10.96 and a beta of 0.50.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 earnings per share 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%. Equities analysts expect that Golub Capital BDC will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.39 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.56 annualized dividend and a yield of 10.32%. Golub Capital BDC’s payout ratio is presently 113.04%.

Institutional Trading of Golub Capital BDC

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp raised its holdings in Golub Capital BDC by 13.4% during the 4th quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock worth $68,555,000 after buying an additional 533,895 shares during the period. Sound Income Strategies LLC grew its stake in Golub Capital BDC by 6.0% during the 4th quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company’s stock valued at $46,320,000 after acquiring an additional 172,519 shares in the last quarter. Northeast Financial Consultants Inc grew its stake in Golub Capital BDC by 25.9% during the 3rd quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock valued at $40,016,000 after acquiring an additional 544,126 shares in the last quarter. Sage Mountain Advisors LLC grew its stake in Golub Capital BDC by 38.8% during the 4th quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company’s stock valued at $38,043,000 after acquiring an additional 701,594 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Golub Capital BDC by 2.1% during the 4th quarter. JPMorgan Chase & Co. now owns 2,385,828 shares of the investment management company’s stock valued at $36,169,000 after acquiring an additional 49,519 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

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.