Golub Capital BDC (NASDAQ:GBDC) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Golub Capital BDC (NASDAQ:GBDC) from a hold rating to a sell rating in a research note issued to investors on Sunday morning.

GBDC has been the topic of a number of other research reports. Lucid Cap Mkts raised shares of Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. Wells Fargo & Company lowered their price objective on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Capital One Financial set a $15.00 price objective on shares of Golub Capital BDC in a report on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research report on Friday, March 27th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Golub Capital BDC currently has an average rating of “Buy” and a consensus target price of $14.50.

Golub Capital BDC Stock Down 2.9%

Shares of Golub Capital BDC stock opened at $13.25 on Friday. The company has a market capitalization of $3.49 billion, a P/E ratio of 10.60 and a beta of 0.40. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.24 and a quick ratio of 2.24. The business has a 50-day moving average of $12.54 and a two-hundred day moving average of $13.31. Golub Capital BDC has a 1 year low of $11.77 and a 1 year high of $15.63.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Wednesday, February 4th. The investment management company reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.The business had revenue of $110.18 million for the quarter, compared to analysts’ expectations of $208.89 million. During the same quarter in the previous year, the business posted $0.42 EPS. As a group, equities analysts predict that Golub Capital BDC will post 1.44 EPS for the current year.

Golub Capital BDC Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 13th were paid a $0.33 dividend. The ex-dividend date was Friday, March 13th. This represents a $1.32 annualized dividend and a yield of 10.0%. Golub Capital BDC’s payout ratio is presently 105.60%.

Hedge Funds Weigh In On Golub Capital BDC

Several hedge funds have recently made changes to their positions in GBDC. Tranquility Partners LLC lifted its position in shares of Golub Capital BDC by 2.6% in the first quarter. Tranquility Partners LLC now owns 362,806 shares of the investment management company’s stock worth $4,593,000 after purchasing an additional 9,312 shares in the last quarter. Focused Wealth Management Inc grew its position in Golub Capital BDC by 1,003.3% in the first quarter. Focused Wealth Management Inc now owns 131,794 shares of the investment management company’s stock valued at $1,669,000 after purchasing an additional 119,849 shares in the last quarter. Riverbridge Partners LLC grew its position in Golub Capital BDC by 7.9% in the first quarter. Riverbridge Partners LLC now owns 106,309 shares of the investment management company’s stock valued at $1,346,000 after purchasing an additional 7,780 shares in the last quarter. Ocean Park Asset Management LLC acquired a new stake in Golub Capital BDC in the 1st quarter valued at $924,000. Finally, SG Americas Securities LLC lifted its position in Golub Capital BDC by 258.8% during the 1st quarter. SG Americas Securities LLC now owns 28,699 shares of the investment management company’s stock worth $363,000 after buying an additional 20,700 shares in the last quarter. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Company Profile

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.