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

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

Several other research analysts have also issued reports on GBDC. Keefe, Bruyette & Woods decreased their target price on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Oppenheimer reiterated an “outperform” rating and issued 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 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Golub Capital BDC presently has an average rating of “Hold” and a consensus price target of $16.40.

Golub Capital BDC Stock Up 1.0 %

Shares of Golub Capital BDC stock opened at $15.30 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 5.01 and a current ratio of 4.73. Golub Capital BDC has a 52-week low of $14.05 and a 52-week high of $17.72. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 10.85 and a beta of 0.54. The company’s 50 day moving average price is $15.20 and its 200-day moving average price is $15.41.

Golub Capital BDC Announces Dividend

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

Insiders Place Their Bets

In related news, CEO David Golub bought 20,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average cost of $14.91 per share, for a total transaction of $298,200.00. Following the purchase, the chief executive officer now owns 1,958,880 shares in the company, valued at approximately $29,206,900.80. This represents a 1.03 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders bought 60,000 shares of company stock valued at $897,200. Insiders own 2.70% of the company’s stock.

Institutional Trading of Golub Capital BDC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC increased its stake in shares of Golub Capital BDC by 171.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock worth $32,000 after purchasing an additional 1,355 shares in the last quarter. Allworth Financial LP increased its position in Golub Capital BDC by 135.6% in the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock worth $35,000 after buying an additional 1,347 shares in the last quarter. Cove Street Capital LLC bought a new position in shares of Golub Capital BDC in the second quarter worth about $39,000. Quarry LP purchased a new position in shares of Golub Capital BDC during the 2nd quarter valued at about $61,000. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Golub Capital BDC during the 2nd quarter valued at approximately $71,000. 42.38% of the stock is owned by hedge funds and other 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.