Golub Capital BDC (NASDAQ:GBDC) Downgraded by Wall Street Zen to Sell

Wall Street Zen cut shares of Golub Capital BDC (NASDAQ:GBDC) from a hold rating to a sell rating in a research note issued to investors on Sunday.

Other research analysts also recently issued research reports about the company. Capital One Financial set a $15.00 target price on Golub Capital BDC in a research note on Thursday, January 15th. Wells Fargo & Company cut their price objective on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Lucid Cap Mkts upgraded shares of Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $14.38.

Golub Capital BDC Stock Performance

GBDC stock opened at $11.97 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.24 and a current ratio of 2.24. The stock has a market cap of $3.15 billion, a P/E ratio of 9.58 and a beta of 0.45. The firm has a 50 day simple moving average of $12.91 and a 200 day simple moving average of $13.60. Golub Capital BDC has a 52 week low of $11.77 and a 52 week high of $15.63.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Wednesday, February 4th. The investment management company reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. Golub Capital BDC had a net margin of 38.57% and a return on equity of 10.37%. The firm had revenue of $110.18 million for the quarter, compared to the consensus estimate of $208.89 million. During the same period in the previous year, the firm posted $0.42 earnings per share. Research analysts anticipate that Golub Capital BDC will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Cuts Dividend

The company 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 dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 11.0%. The ex-dividend date is Friday, March 13th. Golub Capital BDC’s dividend payout ratio is 105.60%.

Hedge Funds Weigh In On Golub Capital BDC

A number of institutional investors have recently made changes to their positions in GBDC. Lalia Capital LLC acquired a new position in shares of Golub Capital BDC during the fourth quarter worth approximately $33,642,000. HighTower Advisors LLC grew its position in Golub Capital BDC by 279.4% in the 3rd quarter. HighTower Advisors LLC now owns 2,529,267 shares of the investment management company’s stock worth $34,626,000 after purchasing an additional 1,862,632 shares during the last quarter. JPMorgan Chase & Co. grew its position in Golub Capital BDC by 53.7% in the 4th quarter. JPMorgan Chase & Co. now owns 3,917,312 shares of the investment management company’s stock worth $53,158,000 after purchasing an additional 1,368,759 shares during the last quarter. Rivernorth Capital Management LLC increased its holdings in shares of Golub Capital BDC by 226.6% during the 4th quarter. Rivernorth Capital Management LLC now owns 1,714,828 shares of the investment management company’s stock worth $23,270,000 after purchasing an additional 1,189,706 shares during the period. Finally, UBS Group AG increased its holdings in shares of Golub Capital BDC by 29.4% during the 4th quarter. UBS Group AG now owns 2,864,751 shares of the investment management company’s stock worth $38,875,000 after purchasing an additional 651,110 shares during the period. 42.38% of the stock is currently owned by institutional investors.

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.