Golub Capital BDC (NASDAQ:GBDC) Rating Lowered to Sell at StockNews.com

Golub Capital BDC (NASDAQ:GBDC) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Saturday.

Other analysts also recently issued reports about the company. Wells Fargo & Company decreased their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods decreased their target price on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $17.00 price target on shares of Golub Capital BDC in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $16.40.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $14.96 on Friday. The stock has a market capitalization of $2.57 billion, a P/E ratio of 7.37 and a beta of 0.53. The company has a debt-to-equity ratio of 1.06, a quick ratio of 5.01 and a current ratio of 5.01. Golub Capital BDC has a 1 year low of $13.95 and a 1 year high of $17.72. The company’s fifty day moving average is $14.91 and its two-hundred day moving average is $15.78.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Monday, August 5th. The investment management company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $171.27 million for the quarter, compared to analysts’ expectations of $205.24 million. Golub Capital BDC had a return on equity of 11.99% and a net margin of 42.14%. During the same period in the prior year, the company earned $0.44 earnings per share. On average, sell-side analysts predict that Golub Capital BDC will post 1.92 earnings per share for the current year.

Insider Activity

In related news, Chairman Lawrence E. Golub bought 20,000 shares of Golub Capital BDC stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average price of $15.01 per share, with a total value of $300,200.00. Following the purchase, the chairman now owns 1,858,880 shares in the company, valued at $27,901,788.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Anita J. Rival bought 26,000 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $14.40 per share, with a total value of $374,400.00. Following the purchase, the director now owns 95,000 shares of the company’s stock, valued at $1,368,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Lawrence E. Golub purchased 20,000 shares of the business’s stock in a transaction on Monday, August 26th. The stock was acquired at an average price of $15.01 per share, with a total value of $300,200.00. Following the completion of the acquisition, the chairman now directly owns 1,858,880 shares in the company, valued at approximately $27,901,788.80. The disclosure for this purchase can be found here. Insiders have acquired 146,000 shares of company stock worth $2,159,400 over the last ninety days. 2.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Golub Capital BDC

A number of institutional investors have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC acquired a new position in shares of Golub Capital BDC in the 1st quarter valued at $38,000. Cove Street Capital LLC purchased a new stake in Golub Capital BDC during the second quarter valued at about $39,000. Nomura Asset Management Co. Ltd. grew its position in Golub Capital BDC by 77.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,463 shares of the investment management company’s stock valued at $52,000 after acquiring an additional 1,508 shares during the period. Quarry LP acquired a new stake in Golub Capital BDC during the second quarter worth about $61,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Golub Capital BDC in the 2nd quarter worth about $71,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

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.