StockNews.com Lowers Golub Capital BDC (NASDAQ:GBDC) to Sell

StockNews.com downgraded shares of Golub Capital BDC (NASDAQ:GBDC) from a hold rating to a sell rating in a report issued on Saturday.

A number of other analysts have also recently issued reports on GBDC. Keefe, Bruyette & Woods reduced their target price on shares of Golub Capital BDC from $17.50 to $16.50 and set an outperform rating for the company in a research note on Wednesday, August 7th. Wells Fargo & Company cut their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an equal weight rating on the stock in a report on Wednesday, August 7th. Finally, Oppenheimer reiterated an outperform rating and issued a $17.00 price objective on shares of Golub Capital BDC in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Golub Capital BDC presently has an average rating of Hold and an average price target of $16.40.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC opened at $15.11 on Friday. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 7.44 and a beta of 0.53. Golub Capital BDC has a 1 year low of $13.95 and a 1 year high of $17.72. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 1.06. The business has a fifty day simple moving average of $14.90 and a 200 day simple moving average of $15.78.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly 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 firm had revenue of $171.27 million for 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 period last year, the business earned $0.44 earnings per share. As a group, sell-side analysts predict that Golub Capital BDC will post 1.92 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.32%. The ex-dividend date was Friday, August 30th. Golub Capital BDC’s dividend payout ratio is 76.85%.

Insider Transactions at Golub Capital BDC

In other news, CEO David Golub purchased 20,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was bought at an average cost of $14.68 per share, for a total transaction of $293,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,738,880 shares of the company’s stock, valued at $25,526,758.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Golub Capital BDC news, CEO David Golub bought 20,000 shares of the stock in a transaction on Friday, August 16th. The shares were purchased at an average price of $14.68 per share, with a total value of $293,600.00. Following the acquisition, the chief executive officer now directly owns 1,738,880 shares of the company’s stock, valued at approximately $25,526,758.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Anita J. Rival purchased 26,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the completion of the transaction, the director now owns 95,000 shares in the company, valued at $1,368,000. The disclosure for this purchase can be found here. Over the last three months, insiders bought 146,000 shares of company stock worth $2,159,400. 2.70% of the stock is owned by insiders.

Institutional Trading of Golub Capital BDC

A number of hedge funds have recently bought and sold shares of GBDC. Neville Rodie & Shaw Inc. increased its holdings in shares of Golub Capital BDC by 1.2% during the 1st quarter. Neville Rodie & Shaw Inc. now owns 53,842 shares of the investment management company’s stock worth $895,000 after purchasing an additional 622 shares during the period. Chicago Partners Investment Group LLC lifted its stake in shares of Golub Capital BDC by 4.3% in the fourth quarter. Chicago Partners Investment Group LLC now owns 18,575 shares of the investment management company’s stock valued at $286,000 after buying an additional 771 shares during the period. Silvercrest Asset Management Group LLC grew its position in Golub Capital BDC by 3.0% during the first quarter. Silvercrest Asset Management Group LLC now owns 33,077 shares of the investment management company’s stock worth $550,000 after buying an additional 970 shares in the last quarter. Wedbush Securities Inc. increased its stake in Golub Capital BDC by 2.8% during the second quarter. Wedbush Securities Inc. now owns 37,031 shares of the investment management company’s stock valued at $582,000 after acquiring an additional 1,000 shares during the period. Finally, Onyx Bridge Wealth Group LLC increased its stake in Golub Capital BDC by 2.6% during the second quarter. Onyx Bridge Wealth Group LLC now owns 44,944 shares of the investment management company’s stock valued at $706,000 after acquiring an additional 1,123 shares during the period. 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.