Golub Capital BDC (NASDAQ:GBDC) Cut to “Sell” at StockNews.com

StockNews.com cut shares of Golub Capital BDC (NASDAQ:GBDC) from a hold rating to a sell rating in a research note released on Thursday.

Golub Capital BDC Trading Down 0.8 %

GBDC opened at $15.25 on Thursday. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The stock’s fifty day moving average is $15.40 and its two-hundred day moving average is $15.27. The company has a market capitalization of $4.05 billion, a P/E ratio of 11.05 and a beta of 0.50. Golub Capital BDC has a 52 week low of $14.05 and a 52 week high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. Analysts forecast that Golub Capital BDC will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 10.23%. The ex-dividend date was Monday, March 3rd. Golub Capital BDC’s payout ratio is 113.04%.

Institutional Trading of Golub Capital BDC

Hedge funds have recently bought and sold shares of the stock. Optiver Holding B.V. increased its holdings in shares of Golub Capital BDC by 28.7% in the 4th quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company’s stock valued at $47,000 after acquiring an additional 688 shares during the period. Signaturefd LLC grew its stake in Golub Capital BDC by 0.7% in the fourth quarter. Signaturefd LLC now owns 106,746 shares of the investment management company’s stock valued at $1,618,000 after purchasing an additional 704 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in Golub Capital BDC by 1.1% in the third quarter. Sanctuary Advisors LLC now owns 71,988 shares of the investment management company’s stock worth $1,101,000 after purchasing an additional 769 shares in the last quarter. Snowden Capital Advisors LLC raised its holdings in Golub Capital BDC by 0.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 187,252 shares of the investment management company’s stock worth $2,839,000 after purchasing an additional 814 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Golub Capital BDC by 36.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock valued at $47,000 after buying an additional 827 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

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.