Golub Capital BDC (NASDAQ:GBDC) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Golub Capital BDC (NASDAQ:GBDC - Free Report) from a hold rating to a sell rating in a research report released on Thursday.

Golub Capital BDC Price Performance

Golub Capital BDC stock traded down $0.12 during midday trading on Thursday, reaching $15.25. 1,653,712 shares of the stock were exchanged, compared to its average volume of 1,316,687. Golub Capital BDC has a 52 week low of $14.05 and a 52 week high of $17.72. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. The firm has a market cap of $4.05 billion, a PE ratio of 11.05 and a beta of 0.50. The company's fifty day moving average is $15.40 and its 200-day moving average is $15.27.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 1.6 EPS for the current year.

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Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 10.23%. The ex-dividend date was Monday, March 3rd. Golub Capital BDC's payout ratio is 113.04%.

Institutional Investors Weigh In On Golub Capital BDC

Hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp increased its holdings in shares of Golub Capital BDC by 13.4% in the 4th quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company's stock worth $68,555,000 after buying an additional 533,895 shares during the last quarter. Sound Income Strategies LLC increased its stake in Golub Capital BDC by 6.0% in the fourth quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company's stock valued at $46,320,000 after acquiring an additional 172,519 shares during the last quarter. Northeast Financial Consultants Inc raised its position in Golub Capital BDC by 25.9% during the third quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company's stock valued at $40,016,000 after purchasing an additional 544,126 shares in the last quarter. Sage Mountain Advisors LLC lifted its stake in Golub Capital BDC by 38.8% during the fourth quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company's stock worth $38,043,000 after purchasing an additional 701,594 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Golub Capital BDC by 2.1% in the 4th quarter. JPMorgan Chase & Co. now owns 2,385,828 shares of the investment management company's stock worth $36,169,000 after purchasing an additional 49,519 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors.

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.