Golub Capital BDC (NASDAQ:GBDC) Reaches New 12-Month Low - Here's What Happened

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $13.16 and last traded at $13.29, with a volume of 527524 shares traded. The stock had previously closed at $13.89.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GBDC. StockNews.com lowered shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. Keefe, Bruyette & Woods dropped their price objective on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $15.83.

Golub Capital BDC Stock Up 0.3 %

The business's 50 day simple moving average is $15.05 and its 200 day simple moving average is $15.20. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $3.63 billion, a PE ratio of 9.91 and a beta of 0.33.

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 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, equities research analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were given a $0.39 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 11.40%. Golub Capital BDC's dividend payout ratio is presently 113.04%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GBDC. The Manufacturers Life Insurance Company grew its holdings in Golub Capital BDC by 70.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 60,162 shares of the investment management company's stock valued at $909,000 after purchasing an additional 24,780 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Golub Capital BDC by 30.1% during the third quarter. Stifel Financial Corp now owns 400,491 shares of the investment management company's stock valued at $6,051,000 after buying an additional 92,712 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Golub Capital BDC in the third quarter worth approximately $501,000. Barclays PLC lifted its stake in shares of Golub Capital BDC by 45.5% during the 3rd quarter. Barclays PLC now owns 190,132 shares of the investment management company's stock worth $2,873,000 after acquiring an additional 59,443 shares during the last quarter. Finally, Anchor Investment Management LLC boosted its holdings in Golub Capital BDC by 195.0% during the 3rd quarter. Anchor Investment Management LLC now owns 274,115 shares of the investment management company's stock valued at $4,142,000 after acquiring an additional 181,210 shares during the period. Institutional investors own 42.38% of the company's stock.

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.