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

Golub Capital BDC (NASDAQ:GBDC) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Sunday.

A number of other research analysts have also commented on the company. Lucid Cap Mkts upgraded Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. Keefe, Bruyette & Woods dropped their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Capital One Financial set a $15.00 target price on shares of Golub Capital BDC in a research 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 report on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $14.38.

Golub Capital BDC Price Performance

GBDC opened at $11.97 on Friday. The company’s 50-day moving average price is $12.91 and its 200 day moving average price is $13.61. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 9.58 and a beta of 0.45. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.25. Golub Capital BDC has a fifty-two week low of $11.77 and a fifty-two week high of $15.63.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. Golub Capital BDC had a net margin of 38.57% and a return on equity of 10.37%. The business had revenue of $110.18 million during the quarter, compared to analysts’ expectations of $208.89 million. During the same quarter last year, the company earned $0.42 earnings per share. As a group, sell-side analysts expect that Golub Capital BDC will post 1.6 earnings per share for the current year.

Institutional Investors Weigh In On Golub Capital BDC

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its position in Golub Capital BDC by 41.4% in the 1st quarter. Royal Bank of Canada now owns 131,544 shares of the investment management company’s stock valued at $1,991,000 after purchasing an additional 38,534 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Golub Capital BDC by 19.7% during the first quarter. NewEdge Advisors LLC now owns 43,534 shares of the investment management company’s stock worth $659,000 after purchasing an additional 7,178 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Golub Capital BDC by 140.0% in the first quarter. Empowered Funds LLC now owns 27,411 shares of the investment management company’s stock valued at $415,000 after buying an additional 15,988 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Golub Capital BDC in the first quarter valued at $6,491,000. Finally, Focus Partners Wealth raised its holdings in shares of Golub Capital BDC by 24.9% in the first quarter. Focus Partners Wealth now owns 33,355 shares of the investment management company’s stock valued at $505,000 after buying an additional 6,658 shares during 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.