Golub Capital BDC (NASDAQ:GBDC) Rating Lowered to Sell at StockNews.com

Golub Capital BDC (NASDAQ:GBDC) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Other equities research analysts also recently issued reports about the company. Keefe, Bruyette & Woods reduced their price objective on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Wells Fargo & Company dropped their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Oppenheimer reissued an “outperform” rating and set a $17.00 price objective on shares of Golub Capital BDC in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $16.40.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $15.30 on Thursday. Golub Capital BDC has a 12 month low of $14.05 and a 12 month high of $17.72. The business’s fifty day simple moving average is $15.19 and its two-hundred day simple moving average is $15.44. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 1.06. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 10.85 and a beta of 0.54.

Insider Buying and Selling at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were acquired at an average price of $15.04 per share, for a total transaction of $300,800.00. Following the purchase, the chairman now directly owns 1,898,880 shares of the company’s stock, valued at $28,559,155.20. The trade was a 1.06 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought a total of 80,000 shares of company stock worth $1,197,400 in the last three months. 2.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Golub Capital BDC

Several hedge funds and other institutional investors have recently modified their holdings of GBDC. BNP Paribas Financial Markets increased its position in Golub Capital BDC by 39.1% in the first quarter. BNP Paribas Financial Markets now owns 6,898 shares of the investment management company’s stock worth $115,000 after buying an additional 1,940 shares in the last quarter. ProShare Advisors LLC increased its holdings in Golub Capital BDC by 13.6% in the 1st quarter. ProShare Advisors LLC now owns 23,948 shares of the investment management company’s stock worth $398,000 after acquiring an additional 2,867 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Golub Capital BDC by 6.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 161,639 shares of the investment management company’s stock worth $2,692,000 after acquiring an additional 9,145 shares during the period. Advisors Asset Management Inc. lifted its holdings in Golub Capital BDC by 13.9% during the first quarter. Advisors Asset Management Inc. now owns 114,104 shares of the investment management company’s stock valued at $1,898,000 after purchasing an additional 13,901 shares in the last quarter. Finally, Quadrature Capital Ltd boosted its position in shares of Golub Capital BDC by 83.9% in the first quarter. Quadrature Capital Ltd now owns 44,483 shares of the investment management company’s stock worth $740,000 after purchasing an additional 20,295 shares during the period. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc (GBDC) 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.