BidaskClub Downgrades Golub Capital BDC (GBDC) to Sell

BidaskClub lowered shares of Golub Capital BDC (NASDAQ:GBDC) from a hold rating to a sell rating in a research note published on Monday, February 4th.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Golub Capital BDC from a hold rating to a buy rating and set a $21.00 price objective on the stock in a report on Monday, December 3rd. National Securities boosted their price objective on Golub Capital BDC from $21.00 to $22.00 and gave the company a buy rating in a report on Friday, November 30th.

NASDAQ GBDC traded down $0.06 on Monday, reaching $18.39. 162,638 shares of the company were exchanged, compared to its average volume of 186,057. The firm has a market capitalization of $1.11 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 7.10 and a beta of 0.66. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.28 and a current ratio of 1.28. Golub Capital BDC has a fifty-two week low of $16.21 and a fifty-two week high of $19.89.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Wednesday, February 6th. The investment management company reported $0.32 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.32. Golub Capital BDC had a return on equity of 8.03% and a net margin of 50.99%. The company had revenue of $39.41 million for the quarter, compared to analyst estimates of $39.39 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. As a group, sell-side analysts forecast that Golub Capital BDC will post 1.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be issued a $0.32 dividend. The ex-dividend date is Wednesday, March 6th. This represents a $1.28 annualized dividend and a dividend yield of 6.96%. Golub Capital BDC’s dividend payout ratio is presently 99.22%.

Hedge funds and other institutional investors have recently modified their holdings of the business. WealthTrust Arizona LLC purchased a new stake in Golub Capital BDC during the 4th quarter worth about $27,000. Northern Oak Wealth Management Inc. purchased a new stake in Golub Capital BDC during the 4th quarter worth about $76,000. Sontag Advisory LLC purchased a new stake in Golub Capital BDC during the 4th quarter worth about $90,000. Next Capital Management LLC purchased a new stake in Golub Capital BDC during the 4th quarter worth about $115,000. Finally, Belpointe Asset Management LLC purchased a new stake in Golub Capital BDC during the 3rd quarter worth about $158,000. Institutional investors own 40.01% of the company’s stock.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc 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. The company seeks to invest in the United States.

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