BidaskClub cut shares of Golub Capital BDC (NASDAQ:GBDC) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning, BidAskClub reports.

Several other research firms have also weighed in on GBDC. National Securities reissued a buy rating and issued a $22.00 target price on shares of Golub Capital BDC in a research note on Monday, May 13th. Zacks Investment Research raised Golub Capital BDC from a hold rating to a buy rating and set a $20.00 target price on the stock in a research note on Tuesday, July 16th.

NASDAQ:GBDC traded up $0.05 during mid-day trading on Tuesday, hitting $18.60. The company had a trading volume of 3,994 shares, compared to its average volume of 127,767. Golub Capital BDC has a fifty-two week low of $16.21 and a fifty-two week high of $19.89. The business’s fifty day moving average is $18.40 and its two-hundred day moving average is $18.06. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.76 and a current ratio of 3.76. The firm has a market cap of $1.13 billion, a P/E ratio of 14.42, a P/E/G ratio of 7.18 and a beta of 0.59.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Wednesday, August 7th. The investment management company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. Golub Capital BDC had a return on equity of 8.10% and a net margin of 43.56%. The firm 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 firm posted $0.33 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Equities analysts forecast that Golub Capital BDC will post 1.29 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, August 19th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.28 annualized dividend and a dividend yield of 6.88%. Golub Capital BDC’s dividend payout ratio (DPR) is currently 99.22%.

Several institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN increased its holdings in shares of Golub Capital BDC by 4.1% in the second quarter. Wells Fargo & Company MN now owns 1,505,519 shares of the investment management company’s stock worth $26,798,000 after acquiring an additional 59,942 shares in the last quarter. Schroder Investment Management Group increased its holdings in shares of Golub Capital BDC by 0.4% in the second quarter. Schroder Investment Management Group now owns 1,031,863 shares of the investment management company’s stock worth $18,367,000 after acquiring an additional 3,749 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of Golub Capital BDC by 50.5% in the second quarter. Sound Income Strategies LLC now owns 991,076 shares of the investment management company’s stock worth $17,641,000 after acquiring an additional 332,531 shares in the last quarter. OMERS ADMINISTRATION Corp increased its holdings in shares of Golub Capital BDC by 1.9% in the second quarter. OMERS ADMINISTRATION Corp now owns 740,480 shares of the investment management company’s stock worth $13,359,000 after acquiring an additional 13,586 shares in the last quarter. Finally, Cliffwater LLC increased its holdings in shares of Golub Capital BDC by 11.7% in the second quarter. Cliffwater LLC now owns 522,357 shares of the investment management company’s stock worth $9,298,000 after acquiring an additional 54,565 shares in the last quarter. Institutional investors own 35.94% 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.

Further Reading: Penny Stocks, Risk and Reward Factors

Receive News & Ratings for Golub Capital BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golub Capital BDC and related companies with MarketBeat.com's FREE daily email newsletter.