Golub Capital BDC (NASDAQ:GBDC) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Golub Capital BDC (NASDAQ:GBDC) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

Several other research firms also recently issued reports on GBDC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research note on Monday, December 29th. Lucid Cap Mkts raised shares of Golub Capital BDC to a “strong-buy” rating in a report on Thursday, January 15th. Wells Fargo & Company dropped their price target on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday. Keefe, Bruyette & Woods cut their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Capital One Financial set a $15.00 price objective on Golub Capital BDC in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $14.38.

Golub Capital BDC Stock Up 0.6%

Shares of GBDC opened at $12.62 on Friday. Golub Capital BDC has a 52 week low of $12.28 and a 52 week high of $16.00. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 10.10 and a beta of 0.43. 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 stock has a fifty day moving average of $13.61 and a 200-day moving average of $14.03.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Wednesday, February 4th. The investment management company reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. The business had revenue of $110.18 million for the quarter, compared to analyst estimates of $208.89 million. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.During the same quarter in the previous year, the company posted $0.42 EPS. As a group, sell-side analysts anticipate that Golub Capital BDC will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Cuts Dividend

The company also recently declared 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 is Friday, March 13th. This represents a $1.32 annualized dividend and a yield of 10.5%. Golub Capital BDC’s dividend payout ratio is presently 124.80%.

Hedge Funds Weigh In On Golub Capital BDC

A number of institutional investors have recently modified their holdings of the company. Allworth Financial LP grew its position in Golub Capital BDC by 116.8% in the 2nd quarter. Allworth Financial LP now owns 2,192 shares of the investment management company’s stock valued at $32,000 after purchasing an additional 1,181 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Golub Capital BDC in the third quarter valued at $33,000. First Horizon Advisors Inc. bought a new position in shares of Golub Capital BDC in the second quarter valued at $41,000. MTM Investment Management LLC acquired a new position in shares of Golub Capital BDC during the second quarter valued at about $41,000. Finally, CWM LLC increased its position in shares of Golub Capital BDC by 13,588.0% during the third quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock worth $47,000 after acquiring an additional 3,397 shares in the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

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.