Golub Capital BDC (NASDAQ:GBDC) Sets New 1-Year Low – Time to Sell?

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) hit a new 52-week low during trading on Monday . The stock traded as low as $13.16 and last traded at $13.29, with a volume of 527524 shares traded. The stock had previously closed at $13.89.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Golub Capital BDC has a consensus rating of “Hold” and an average target price of $16.17.

Golub Capital BDC Stock Performance

The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22. The company has a 50-day moving average of $15.34 and a 200-day moving average of $15.27. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 9.75 and a beta of 0.33.

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

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 11.63%. The ex-dividend date was Monday, March 3rd. Golub Capital BDC’s payout ratio is currently 113.04%.

Institutional Trading of Golub Capital BDC

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Optiver Holding B.V. grew its stake in shares of Golub Capital BDC by 28.7% in the 4th quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company’s stock worth $47,000 after purchasing an additional 688 shares during the last quarter. Signaturefd LLC grew its position in Golub Capital BDC by 0.7% in the fourth quarter. Signaturefd LLC now owns 106,746 shares of the investment management company’s stock worth $1,618,000 after buying an additional 704 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Golub Capital BDC by 1.1% in the third quarter. Sanctuary Advisors LLC now owns 71,988 shares of the investment management company’s stock valued at $1,101,000 after buying an additional 769 shares in the last quarter. Snowden Capital Advisors LLC lifted its position in shares of Golub Capital BDC by 0.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 187,252 shares of the investment management company’s stock valued at $2,839,000 after acquiring an additional 814 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Golub Capital BDC by 36.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock worth $47,000 after acquiring an additional 827 shares in the last quarter. 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.