Golub Capital BDC, Inc. (GBDC) Cut to “Sell” at Zacks Investment Research
Zacks Investment Research cut shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) from a hold rating to a sell rating in a research report report published on Thursday.
According to Zacks, “Golub Capital BDC Inc. is a business development company that principally invests in senior secured, unitranche, mezzanine and second lien loans of middle-market companies that are, in most cases, sponsored by private equity investors. The Company’s investment activities are managed by its investment adviser, GC Advisors LLC, an affiliate of Golub Capital. “
GBDC has been the subject of several other research reports. Keefe, Bruyette & Woods set a $20.00 price objective on shares of Golub Capital BDC and gave the stock a hold rating in a research report on Friday, October 6th. National Securities restated a neutral rating and issued a $19.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, August 9th. Finally, BidaskClub cut shares of Golub Capital BDC from a hold rating to a sell rating in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Golub Capital BDC presently has an average rating of Hold and an average target price of $19.88.
Golub Capital BDC (NASDAQ GBDC) opened at $18.93 on Thursday. Golub Capital BDC has a one year low of $17.87 and a one year high of $20.50. The company has a quick ratio of 1.87, a current ratio of 3.56 and a debt-to-equity ratio of 0.81. The stock has a market cap of $1,127.79, a P/E ratio of 14.45, a PEG ratio of 1.47 and a beta of 0.67.
Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Monday, November 20th. The investment management company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. Golub Capital BDC had a net margin of 58.06% and a return on equity of 7.90%. The company had revenue of $34.95 million during the quarter, compared to analysts’ expectations of $36.78 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. Golub Capital BDC’s quarterly revenue was up 1.3% compared to the same quarter last year. sell-side analysts forecast that Golub Capital BDC will post 1.28 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Tuesday, December 12th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 6.76%. The ex-dividend date of this dividend is Monday, December 11th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 90.78%.
In related news, Director William M. Iv Webster acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was purchased at an average price of $18.46 per share, for a total transaction of $92,300.00. Following the transaction, the director now directly owns 136,514 shares of the company’s stock, valued at approximately $2,520,048.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.40% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Macquarie Group Ltd. acquired a new stake in Golub Capital BDC during the 3rd quarter worth $102,000. San Francisco Sentry Investment Group CA acquired a new stake in Golub Capital BDC during the 3rd quarter worth $134,000. Global X MANAGEMENT CO LLC grew its holdings in Golub Capital BDC by 48.4% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 9,981 shares of the investment management company’s stock worth $188,000 after acquiring an additional 3,253 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in Golub Capital BDC during the 3rd quarter worth $194,000. Finally, JPMorgan Chase & Co. grew its holdings in Golub Capital BDC by 219.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,042 shares of the investment management company’s stock worth $210,000 after acquiring an additional 7,584 shares during the period. 40.42% of the stock is owned by hedge funds and other institutional investors.
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Golub Capital BDC Company Profile
Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.
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