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

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Thursday.

Separately, Wells Fargo & Company cut their price objective on Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating on the stock in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $16.38.

Golub Capital BDC Stock Up 0.1 %

Shares of GBDC traded up $0.01 during mid-day trading on Thursday, hitting $15.93. 1,664,243 shares of the company's stock were exchanged, compared to its average volume of 1,383,114. The company has a quick ratio of 4.73, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. Golub Capital BDC has a twelve month low of $14.05 and a twelve month high of $17.72. The firm has a fifty day moving average of $15.32 and a two-hundred day moving average of $15.17. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 11.54 and a beta of 0.54.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The investment management company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. On average, sell-side analysts forecast that Golub Capital BDC will post 1.62 earnings per share for the current year.

Institutional Trading of Golub Capital BDC

Several hedge funds have recently added to or reduced their stakes in GBDC. Castlekeep Investment Advisors LLC acquired a new position in shares of Golub Capital BDC during the fourth quarter worth approximately $19,145,000. Millennium Management LLC increased its position in Golub Capital BDC by 168.0% during the fourth quarter. Millennium Management LLC now owns 1,909,304 shares of the investment management company's stock worth $28,945,000 after acquiring an additional 1,196,800 shares during the period. Bank of America Corp DE increased its position in Golub Capital BDC by 77.8% during the fourth quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company's stock worth $33,559,000 after acquiring an additional 968,525 shares during the period. Atria Investments Inc raised its stake in Golub Capital BDC by 912.0% during the 4th quarter. Atria Investments Inc now owns 983,286 shares of the investment management company's stock valued at $14,907,000 after purchasing an additional 886,123 shares during the last quarter. Finally, Sage Mountain Advisors LLC boosted its holdings in Golub Capital BDC by 38.8% in the 4th quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company's stock valued at $38,043,000 after purchasing an additional 701,594 shares during the period. Institutional investors 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.