Golub Capital BDC (GBDC) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research downgraded shares of Golub Capital BDC (NASDAQ:GBDC) from a buy rating to a hold rating in a report issued on Tuesday.

According to Zacks, “Golub Capital BDC Inc. is a business development company that principally invests in senior secured, unitranche, mezzanine and second lien loans of middle-market companies that are, in most cases, sponsored by private equity investors. The Company’s investment activities are managed by its investment adviser, GC Advisors LLC, an affiliate of Golub Capital. “

Several other research firms also recently commented on GBDC. BidaskClub raised shares of Golub Capital BDC from a hold rating to a buy rating in a research note on Friday, November 23rd. National Securities reaffirmed a buy rating and issued a $22.00 price target on shares of Golub Capital BDC in a research note on Monday.

GBDC stock opened at $18.05 on Tuesday. The stock has a market capitalization of $1.09 billion, a P/E ratio of 13.99, a P/E/G ratio of 6.94 and a beta of 0.66. Golub Capital BDC has a 12 month low of $16.21 and a 12 month high of $19.89. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.00.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Wednesday, February 6th. The investment management company reported $0.32 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. The company had revenue of $39.41 million for the quarter, compared to the consensus estimate of $39.39 million. Golub Capital BDC had a net margin of 50.99% and a return on equity of 8.03%. During the same quarter last year, the firm posted $0.32 EPS. On average, equities research analysts expect that Golub Capital BDC will post 1.3 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 7.09%. The ex-dividend date is Wednesday, March 6th. Golub Capital BDC’s dividend payout ratio is presently 99.22%.

A number of hedge funds have recently bought and sold shares of the stock. MRA Associates USA LLC purchased a new position in Golub Capital BDC in the 4th quarter worth about $40,429,000. Schroder Investment Management Group increased its position in Golub Capital BDC by 1.6% during the 3rd quarter. Schroder Investment Management Group now owns 1,123,737 shares of the investment management company’s stock valued at $21,070,000 after purchasing an additional 17,213 shares during the period. Frontier Investment Mgmt Co. increased its position in Golub Capital BDC by 2.9% during the 4th quarter. Frontier Investment Mgmt Co. now owns 1,079,696 shares of the investment management company’s stock valued at $17,804,000 after purchasing an additional 30,190 shares during the period. Confluence Investment Management LLC increased its position in Golub Capital BDC by 2.5% during the 4th quarter. Confluence Investment Management LLC now owns 687,538 shares of the investment management company’s stock valued at $11,337,000 after purchasing an additional 16,801 shares during the period. Finally, Sound Income Strategies LLC increased its position in Golub Capital BDC by 3.8% during the 4th quarter. Sound Income Strategies LLC now owns 593,591 shares of the investment management company’s stock valued at $10,174,000 after purchasing an additional 21,642 shares during the period. 40.01% of the stock is currently owned by institutional investors.

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.

See Also: Float

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