Golub Capital BDC (NASDAQ:GBDC) Downgraded 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 research report report published on Thursday morning.

Other analysts have also issued research reports about the stock. Keefe, Bruyette & Woods cut their target price on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Oppenheimer restated an “outperform” rating and set a $17.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company dropped their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $16.40.

Golub Capital BDC Stock Up 1.0 %

GBDC stock opened at $15.30 on Thursday. The firm has a 50-day moving average price of $15.20 and a 200-day moving average price of $15.41. Golub Capital BDC has a 12 month low of $14.05 and a 12 month high of $17.72. The company has a current ratio of 4.73, a quick ratio of 5.01 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $2.62 billion, a P/E ratio of 10.85 and a beta of 0.54.

Golub Capital BDC Announces Dividend

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

Insiders Place Their Bets

In related news, CEO David Golub acquired 20,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average cost of $14.91 per share, for a total transaction of $298,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,958,880 shares of the company’s stock, valued at $29,206,900.80. The trade was a 1.03 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have purchased 80,000 shares of company stock valued at $1,197,400. 2.70% of the stock is currently owned by company insiders.

Institutional Trading of Golub Capital BDC

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC lifted its position 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 during the period. Allworth Financial LP lifted its holdings 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 valued at $35,000 after buying an additional 1,347 shares during the period. Cove Street Capital LLC bought a new stake in Golub Capital BDC during the second quarter valued at $39,000. Quarry LP bought a new stake in Golub Capital BDC during the second quarter valued at $61,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in Golub Capital BDC during the 2nd quarter worth about $71,000. Institutional investors and hedge funds 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.