Golub Capital BDC (NASDAQ:GBDC) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Golub Capital BDC (NASDAQ:GBDC) from a hold rating to a sell rating in a report released on Thursday morning.

Golub Capital BDC Stock Up 0.3 %

GBDC stock opened at $15.37 on Thursday. The stock’s 50 day simple moving average is $15.40 and its 200 day simple moving average is $15.26. The company has a market cap of $4.08 billion, a P/E ratio of 11.14 and a beta of 0.50. 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 fifty-two week low of $14.05 and a fifty-two week high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. On average, research analysts expect that Golub Capital BDC will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

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

Hedge Funds Weigh In On Golub Capital BDC

A number of hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC lifted its holdings in shares of Golub Capital BDC by 45.5% in the third quarter. Barclays PLC now owns 190,132 shares of the investment management company’s stock valued at $2,873,000 after purchasing an additional 59,443 shares in the last quarter. Eagle Bay Advisors LLC lifted its stake in Golub Capital BDC by 82.1% during the 4th quarter. Eagle Bay Advisors LLC now owns 183,602 shares of the investment management company’s stock valued at $2,783,000 after acquiring an additional 82,787 shares in the last quarter. BBR Partners LLC bought a new position in Golub Capital BDC during the 3rd quarter valued at $655,000. Janney Montgomery Scott LLC boosted its holdings in Golub Capital BDC by 30.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 115,058 shares of the investment management company’s stock worth $1,744,000 after acquiring an additional 26,764 shares during the last quarter. Finally, Wealthspire Advisors LLC bought a new stake in shares of Golub Capital BDC in the 4th quarter worth $296,000. 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.