Golub Capital BDC (NASDAQ:GBDC) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Golub Capital BDC (NASDAQ:GBDC) from a sell rating to a hold rating in a report issued on Thursday.

A number of other research analysts have also recently issued reports on the company. Oppenheimer reiterated an outperform rating and issued a $17.00 target price on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods reduced their price target on Golub Capital BDC from $17.50 to $16.50 and set an outperform rating on the stock in a report on Wednesday, August 7th. Finally, Wells Fargo & Company reduced their price target on Golub Capital BDC from $15.50 to $15.00 and set an equal weight rating on the stock in a report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $16.40.

Golub Capital BDC Stock Up 0.2 %

GBDC stock opened at $15.09 on Thursday. The company has a market cap of $2.59 billion, a PE ratio of 7.43 and a beta of 0.53. The business has a 50-day simple moving average of $14.86 and a 200 day simple moving average of $15.72. Golub Capital BDC has a 52 week low of $14.02 and a 52 week high of $17.72. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 1.06.

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

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.34%. The ex-dividend date of this dividend was Friday, August 30th. Golub Capital BDC’s dividend payout ratio is presently 76.85%.

Insider Buying and Selling at Golub Capital BDC

In other news, Chairman Lawrence E. Golub bought 20,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average price of $14.91 per share, with a total value of $298,200.00. Following the transaction, the chairman now owns 1,998,880 shares of the company’s stock, valued at $29,803,300.80. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Anita J. Rival acquired 26,000 shares of Golub Capital BDC stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $14.40 per share, with a total value of $374,400.00. Following the transaction, the director now directly owns 95,000 shares in the company, valued at $1,368,000. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Lawrence E. Golub acquired 20,000 shares of Golub Capital BDC stock in a transaction dated Thursday, September 5th. The shares were bought at an average cost of $14.91 per share, with a total value of $298,200.00. Following the transaction, the chairman now owns 1,998,880 shares in the company, valued at approximately $29,803,300.80. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 146,000 shares of company stock valued at $2,159,400. 2.70% of the stock is currently owned by company insiders.

Institutional Trading of Golub Capital BDC

Several large investors have recently modified their holdings of GBDC. Creative Planning lifted its holdings in shares of Golub Capital BDC by 1,156.5% in the 3rd quarter. Creative Planning now owns 182,095 shares of the investment management company’s stock worth $2,751,000 after purchasing an additional 167,603 shares in the last quarter. Redhawk Wealth Advisors Inc. lifted its holdings in shares of Golub Capital BDC by 10.6% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 53,234 shares of the investment management company’s stock worth $804,000 after purchasing an additional 5,105 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Golub Capital BDC by 5.0% in the 3rd quarter. Sound Income Strategies LLC now owns 2,882,861 shares of the investment management company’s stock worth $43,560,000 after purchasing an additional 137,813 shares in the last quarter. Shikiar Asset Management Inc. lifted its holdings in shares of Golub Capital BDC by 8.7% in the 3rd quarter. Shikiar Asset Management Inc. now owns 449,080 shares of the investment management company’s stock worth $6,786,000 after purchasing an additional 36,100 shares in the last quarter. Finally, First Affirmative Financial Network lifted its holdings in shares of Golub Capital BDC by 11.9% in the 3rd quarter. First Affirmative Financial Network now owns 12,155 shares of the investment management company’s stock worth $184,000 after purchasing an additional 1,294 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

About Golub Capital BDC

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.