Wells Fargo & Company Issues Pessimistic Forecast for Golub Capital BDC (NASDAQ:GBDC) Stock Price

Golub Capital BDC (NASDAQ:GBDC) had its price objective decreased by Wells Fargo & Company from $15.50 to $15.00 in a report released on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the investment management company’s stock.

Other research analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods dropped their target price 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. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Oppenheimer restated an “outperform” rating and set a $17.00 target price on shares of Golub Capital BDC in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.40.

Golub Capital BDC Trading Up 1.0 %

Shares of GBDC stock opened at $15.30 on Thursday. Golub Capital BDC has a 12 month low of $14.05 and a 12 month 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 company has a quick ratio of 5.01, a current ratio of 4.73 and a debt-to-equity ratio of 1.15. The business’s 50 day moving average is $15.20 and its two-hundred day moving average is $15.41.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 9th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.20%. The ex-dividend date is Monday, December 9th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 110.64%.

Insider Buying and Selling at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 20,000 shares of the stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of $14.91 per share, with a total value of $298,200.00. Following the acquisition, the chairman now directly owns 1,998,880 shares of the company’s stock, valued at $29,803,300.80. This represents a 1.01 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders bought a total of 80,000 shares of company stock valued at $1,197,400 in the last quarter. Corporate insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Golub Capital BDC

A number of hedge funds and other institutional investors have recently made changes to their positions in GBDC. Abundance Wealth Counselors raised its position in Golub Capital BDC by 289.2% in the second quarter. Abundance Wealth Counselors now owns 187,345 shares of the investment management company’s stock worth $2,943,000 after purchasing an additional 139,212 shares in the last quarter. TCW Group Inc. lifted its position in shares of Golub Capital BDC by 63.0% during the 2nd quarter. TCW Group Inc. now owns 430,702 shares of the investment management company’s stock worth $6,766,000 after buying an additional 166,480 shares during the period. Cetera Advisors LLC acquired a new stake in Golub Capital BDC in the 1st quarter valued at $995,000. Northeast Financial Consultants Inc boosted its stake in Golub Capital BDC by 151.8% in the 2nd quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after buying an additional 1,268,442 shares in the last quarter. Finally, Boston Partners bought a new stake in Golub Capital BDC in the first quarter valued at $12,126,000. 42.38% of the stock is owned by institutional investors.

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.