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.

Several other research firms have also recently commented on GBDC. Wells Fargo & Company dropped their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday. Oppenheimer restated an “outperform” rating and set a $17.00 price objective on shares of Golub Capital BDC in a report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Golub Capital BDC has a consensus rating of “Hold” and an average target price of $16.40.

Golub Capital BDC Stock Down 0.5 %

Shares of GBDC stock traded down $0.07 during trading hours on Thursday, reaching $15.15. The company had a trading volume of 1,805,923 shares, compared to its average volume of 1,169,160. The business has a fifty day simple moving average of $15.19 and a 200-day simple moving average of $15.44. Golub Capital BDC has a 12 month low of $14.05 and a 12 month high of $17.72. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 10.74 and a beta of 0.54. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01.

Insiders Place Their Bets

In related news, CEO David Golub bought 20,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were purchased at an average price of $14.91 per share, for a total transaction of $298,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,958,880 shares in the company, valued at approximately $29,206,900.80. The trade was a 1.03 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders acquired 80,000 shares of company stock worth $1,197,400 over the last quarter. 2.70% of the stock is currently owned by company insiders.

Institutional Trading of Golub Capital BDC

A number of hedge funds and other institutional investors have recently made changes to their positions in GBDC. Hexagon Capital Partners LLC grew its holdings in Golub Capital BDC by 171.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock valued at $32,000 after buying an additional 1,355 shares in the last quarter. Allworth Financial LP boosted its position in shares of Golub Capital BDC by 135.6% in the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock valued at $35,000 after acquiring an additional 1,347 shares during the period. Cove Street Capital LLC purchased a new position in Golub Capital BDC during the second quarter valued at approximately $39,000. Quarry LP bought a new stake in Golub Capital BDC during the 2nd quarter worth approximately $61,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in Golub Capital BDC in the 2nd quarter worth approximately $71,000. 42.38% of the stock is currently owned by institutional investors.

About Golub Capital BDC

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.