StockNews.com Downgrades Golub Capital BDC (NASDAQ:GBDC) to Sell

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

Several other brokerages have also recently weighed in on GBDC. Wells Fargo & Company decreased their price objective on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Thursday. Oppenheimer reaffirmed an “outperform” rating and set a $17.00 price target on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods cut 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Golub Capital BDC currently has a consensus rating of “Hold” and a consensus target price of $16.40.

Golub Capital BDC Stock Down 0.5 %

Shares of GBDC stock traded down $0.07 during trading on Thursday, reaching $15.15. The company’s stock had a trading volume of 1,805,923 shares, compared to its average volume of 1,169,160. Golub Capital BDC has a one year low of $14.05 and a one year high of $17.72. The business has a fifty day moving average price of $15.19 and a 200-day moving average price of $15.44. 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 quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 1.06.

Insider Activity at Golub Capital BDC

In related news, Chairman Lawrence E. Golub purchased 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was acquired at an average cost of $15.04 per share, for a total transaction of $300,800.00. Following the completion of the purchase, the chairman now owns 1,898,880 shares in the company, valued at approximately $28,559,155.20. This represents a 1.06 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 80,000 shares of company stock worth $1,197,400 in the last ninety days. 2.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Golub Capital BDC

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

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.