Golub Capital BDC (NASDAQ:GBDC) Downgraded by BidaskClub to Sell

BidaskClub downgraded shares of Golub Capital BDC (NASDAQ:GBDC) from a hold rating to a sell rating in a report released on Tuesday morning, BidAskClub reports.

Separately, Zacks Investment Research upgraded shares of Golub Capital BDC from a sell rating to a hold rating in a research note on Thursday, October 3rd.

Golub Capital BDC stock opened at $17.95 on Tuesday. Golub Capital BDC has a twelve month low of $16.21 and a twelve month high of $19.38. The stock’s fifty day simple moving average is $18.53 and its 200-day simple moving average is $18.11. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $1.08 billion, a P/E ratio of 13.91, a P/E/G ratio of 6.80 and a beta of 0.56.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Wednesday, August 7th. The investment management company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. Golub Capital BDC had a return on equity of 8.10% and a net margin of 43.56%. The business had revenue of $42.11 million for the quarter, compared to analyst estimates of $41.48 million. During the same quarter in the prior year, the company earned $0.33 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. Sell-side analysts predict that Golub Capital BDC will post 1.29 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, August 19th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.13%. Golub Capital BDC’s payout ratio is currently 99.22%.

Hedge funds have recently modified their holdings of the stock. Arlington Partners LLC acquired a new position in shares of Golub Capital BDC during the second quarter worth $36,000. Parallel Advisors LLC acquired a new position in shares of Golub Capital BDC during the second quarter worth $41,000. North Star Investment Management Corp. acquired a new position in shares of Golub Capital BDC during the third quarter worth $44,000. Aperio Group LLC acquired a new position in shares of Golub Capital BDC during the second quarter worth $108,000. Finally, Griffin Asset Management Inc. acquired a new position in shares of Golub Capital BDC during the second quarter worth $142,000. Hedge funds and other institutional investors own 35.79% of the company’s stock.

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.

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