Golub Capital BDC (NASDAQ:GBDC) Shares Cross Below 200 Day Moving Average – Should You Sell?

Golub Capital BDC, Inc. (NASDAQ:GBDC)’s share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $12.79 and traded as low as $12.60. Golub Capital BDC shares last traded at $12.74, with a volume of 1,430,151 shares.

Analysts Set New Price Targets

Several equities analysts have issued reports on GBDC shares. Keefe, Bruyette & Woods dropped their price objective on Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. Wall Street Zen raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings raised Golub Capital BDC from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.90.

Golub Capital BDC Stock Down 1.4%

The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.22. The firm has a fifty day moving average price of $12.51 and a 200-day moving average price of $12.79. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 19.60 and a beta of 0.43.

Hedge Funds Weigh In On Golub Capital BDC

A number of hedge funds and other institutional investors have recently made changes to their positions in GBDC. HighTower Advisors LLC increased its stake in Golub Capital BDC by 4.2% during the 2nd quarter. HighTower Advisors LLC now owns 7,345,885 shares of the investment management company’s stock valued at $94,615,000 after purchasing an additional 299,240 shares in the last quarter. Van ECK Associates Corp grew its stake in Golub Capital BDC by 11.0% in the 2nd quarter. Van ECK Associates Corp now owns 4,710,275 shares of the investment management company’s stock valued at $60,668,000 after acquiring an additional 466,249 shares during the last quarter. Corient Private Wealth LP acquired a new position in Golub Capital BDC during the 2nd quarter worth $50,833,000. OMERS ADMINISTRATION Corp purchased a new position in Golub Capital BDC in the 2nd quarter worth about $47,015,000. Finally, Bank of America Corp DE acquired a new stake in Golub Capital BDC during the second quarter worth about $43,696,000. 42.38% of the stock is owned by hedge funds and other institutional investors.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc is a business development company that provides financing to middle-market companies. The company primarily invests in senior secured loans and other debt investments, with the objective of generating current income and, to a lesser extent, capital appreciation.

Its investment portfolio generally consists of loans to established businesses across a range of industries. Golub Capital BDC may also make subordinated debt and equity-related investments, allowing it to provide flexible financing solutions alongside private equity sponsors and other financial partners.

The company focuses primarily on middle-market businesses in the United States.