Golub Capital BDC (NASDAQ:GBDC) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of Golub Capital BDC (NASDAQ:GBDC) from a buy rating to a hold rating in a research note published on Wednesday.

Separately, Raymond James cut Golub Capital BDC from an outperform rating to a market perform rating in a research report on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Golub Capital BDC has a consensus rating of Moderate Buy and a consensus price target of $16.40.

Golub Capital BDC Stock Up 0.3 %

Golub Capital BDC stock opened at $15.45 on Wednesday. The stock has a market cap of $2.65 billion, a PE ratio of 7.61 and a beta of 0.52. The company has a debt-to-equity ratio of 1.26, a quick ratio of 6.29 and a current ratio of 6.29. Golub Capital BDC has a one year low of $13.78 and a one year high of $17.72. The stock has a fifty day moving average of $15.88 and a 200 day moving average of $16.00.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Monday, May 6th. The investment management company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The firm had revenue of $164.23 million for the quarter, compared to analysts’ expectations of $163.61 million. Golub Capital BDC had a net margin of 53.05% and a return on equity of 13.03%. As a group, sell-side analysts predict that Golub Capital BDC will post 1.95 EPS for the current year.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a None dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 16th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, August 16th. Golub Capital BDC’s dividend payout ratio (DPR) is 76.85%.

Insider Transactions at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub acquired 62,267 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was purchased at an average price of $16.06 per share, with a total value of $1,000,008.02. Following the completion of the purchase, the chairman now directly owns 1,268,880 shares in the company, valued at approximately $20,378,212.80. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO David Golub purchased 450,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was bought at an average cost of $16.03 per share, with a total value of $7,213,500.00. Following the completion of the purchase, the chief executive officer now owns 1,718,880 shares in the company, valued at $27,553,646.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Lawrence E. Golub purchased 62,267 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were purchased at an average cost of $16.06 per share, with a total value of $1,000,008.02. Following the completion of the purchase, the chairman now owns 1,268,880 shares of the company’s stock, valued at approximately $20,378,212.80. The disclosure for this purchase can be found here. Insiders acquired a total of 601,015 shares of company stock valued at $9,636,138 over the last 90 days. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Golub Capital BDC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its stake in Golub Capital BDC by 1,005.0% during the fourth quarter. Private Trust Co. NA now owns 2,199 shares of the investment management company’s stock valued at $33,000 after buying an additional 2,000 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Golub Capital BDC in the 1st quarter valued at approximately $38,000. Cove Street Capital LLC bought a new stake in shares of Golub Capital BDC in the 2nd quarter valued at approximately $39,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of Golub Capital BDC by 77.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,463 shares of the investment management company’s stock valued at $52,000 after purchasing an additional 1,508 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Golub Capital BDC by 39.1% in the 1st quarter. BNP Paribas Financial Markets now owns 6,898 shares of the investment management company’s stock valued at $115,000 after purchasing an additional 1,940 shares during the last quarter. 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.