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

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

Separately, Wells Fargo & Company cut their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $16.38.

Golub Capital BDC Trading Down 0.4 %

Shares of Golub Capital BDC stock opened at $14.58 on Monday. The company has a market capitalization of $3.87 billion, a P/E ratio of 10.57 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. The company has a fifty day moving average of $15.44 and a 200 day moving average of $15.26. 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 released its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. On average, sell-side analysts anticipate that Golub Capital BDC will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.70%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC’s payout ratio is currently 113.04%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its holdings in shares of Golub Capital BDC by 413.1% during the fourth quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company’s stock worth $36,000 after purchasing an additional 1,921 shares during the period. Parkside Financial Bank & Trust raised its holdings 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 acquiring an additional 827 shares during the last quarter. Optiver Holding B.V. lifted its stake in shares of Golub Capital BDC by 28.7% in the fourth quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company’s stock worth $47,000 after buying an additional 688 shares in the last quarter. Hurley Capital LLC acquired a new stake in shares of Golub Capital BDC in the fourth quarter valued at approximately $50,000. Finally, Cornerstone Wealth Management LLC purchased a new stake in shares of Golub Capital BDC in the fourth quarter valued at about $160,000. 42.38% of the stock is owned by institutional investors and hedge funds.

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.