Golub Capital BDC (NASDAQ:GBDC) Downgraded to Sell Rating by StockNews.com

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.

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $15.32 on Thursday. The stock has a market cap of $4.07 billion, a P/E ratio of 11.10 and a beta of 0.50. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The company’s 50 day moving average price is $15.40 and its two-hundred day moving average price is $15.26. Golub Capital BDC has a 52 week low of $14.05 and a 52 week high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. On average, equities analysts predict that Golub Capital BDC will post 1.6 earnings per share for the current year.

Institutional Investors Weigh In On Golub Capital BDC

Hedge funds have recently modified their holdings of the stock. Citigroup Inc. increased its position in Golub Capital BDC by 1.7% in the third quarter. Citigroup Inc. now owns 342,728 shares of the investment management company’s stock worth $5,179,000 after buying an additional 5,612 shares during the last quarter. Bank of Montreal Can purchased a new stake in Golub Capital BDC in the 3rd quarter worth about $3,486,000. The Manufacturers Life Insurance Company raised its stake in Golub Capital BDC by 70.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 60,162 shares of the investment management company’s stock valued at $909,000 after acquiring an additional 24,780 shares during the period. D.A. Davidson & CO. lifted its holdings in Golub Capital BDC by 12.6% during the third quarter. D.A. Davidson & CO. now owns 251,132 shares of the investment management company’s stock valued at $3,795,000 after purchasing an additional 28,031 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Golub Capital BDC by 517.9% during the third quarter. BNP Paribas Financial Markets now owns 86,043 shares of the investment management company’s stock worth $1,300,000 after purchasing an additional 72,117 shares during the period. Institutional investors own 42.38% of the company’s stock.

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.