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

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

Golub Capital BDC Trading Up 0.3 %

Shares of NASDAQ GBDC opened at $15.37 on Thursday. The stock has a market cap of $4.08 billion, a P/E ratio of 11.14 and a beta of 0.50. The firm has a 50 day moving average price of $15.40 and a two-hundred day moving average price of $15.26. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. 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 earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. As a group, equities analysts forecast that Golub Capital BDC will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.15%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC’s dividend payout ratio is presently 113.04%.

Institutional Investors Weigh In On Golub Capital BDC

Institutional investors have recently modified their holdings of the company. Optiver Holding B.V. lifted its stake 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 purchasing an additional 688 shares during the period. Signaturefd LLC increased its holdings 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 worth $1,618,000 after purchasing an additional 704 shares in the last quarter. Sanctuary Advisors LLC lifted its stake 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 valued at $1,101,000 after buying an additional 769 shares during the period. Snowden Capital Advisors LLC boosted its holdings in shares of Golub Capital BDC by 0.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 187,252 shares of the investment management company’s stock worth $2,839,000 after buying an additional 814 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in shares of Golub Capital BDC by 36.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock worth $47,000 after buying an additional 827 shares during the period. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Company Profile

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.