Golub Capital BDC (NASDAQ:GBDC) Reaches New 12-Month Low – Time to Sell?

Golub Capital BDC, Inc. (NASDAQ:GBDC) reached a new 52-week low on Monday . The stock traded as low as $11.77 and last traded at $12.0440, with a volume of 423820 shares changing hands. The stock had previously closed at $11.99.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GBDC shares. Lucid Cap Mkts upgraded shares of Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. Wells Fargo & Company dropped their price target on Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Wall Street Zen downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Keefe, Bruyette & Woods decreased their price objective on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $14.38.

Golub Capital BDC Stock Performance

The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.25. The stock has a market cap of $3.22 billion, a PE ratio of 9.77 and a beta of 0.45. The business’s 50-day moving average price is $13.17 and its 200-day moving average price is $13.78.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The company had revenue of $110.18 million during the quarter, compared to the consensus estimate of $208.89 million. Golub Capital BDC had a net margin of 38.57% and a return on equity of 10.37%. During the same period last year, the firm earned $0.42 earnings per share. As a group, equities research analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 10.8%. The ex-dividend date of this dividend is Friday, March 13th. Golub Capital BDC’s dividend payout ratio is presently 124.80%.

Institutional Trading of Golub Capital BDC

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP lifted its holdings in Golub Capital BDC by 116.8% in the second quarter. Allworth Financial LP now owns 2,192 shares of the investment management company’s stock valued at $32,000 after acquiring an additional 1,181 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Golub Capital BDC during the 3rd quarter worth approximately $33,000. MTM Investment Management LLC purchased a new stake in shares of Golub Capital BDC during the 2nd quarter worth about $41,000. First Horizon Advisors Inc. purchased a new stake in shares of Golub Capital BDC in the second quarter valued at approximately $41,000. Finally, CWM LLC increased its stake in shares of Golub Capital BDC by 13,588.0% during the third quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock worth $47,000 after purchasing an additional 3,397 shares in the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

Golub Capital BDC Company Profile

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.