Golub Capital BDC, Inc. (NASDAQ:GBDC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday.

According to Zacks, “Golub Capital BDC Inc. is a business development company that principally invests in senior secured, unitranche, mezzanine and second lien loans of middle-market companies that are, in most cases, sponsored by private equity investors. The Company’s investment activities are managed by its investment adviser, GC Advisors LLC, an affiliate of Golub Capital. “

Several other brokerages have also commented on GBDC. BidaskClub lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. National Securities restated a “neutral” rating and set a $19.00 target price on shares of Golub Capital BDC in a research report on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods set a $20.00 target price on Golub Capital BDC and gave the company a “hold” rating in a research report on Friday, October 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Golub Capital BDC currently has a consensus rating of “Hold” and an average price target of $19.88.

Shares of Golub Capital BDC (NASDAQ:GBDC) traded up $0.14 during trading on Thursday, hitting $18.98. The company had a trading volume of 109,500 shares, compared to its average volume of 214,129. Golub Capital BDC has a 52 week low of $17.87 and a 52 week high of $20.50. The company has a current ratio of 3.56, a quick ratio of 1.87 and a debt-to-equity ratio of 0.81. The company has a market cap of $1,122.44, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 1.46 and a beta of 0.67.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Monday, November 20th. The investment management company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. Golub Capital BDC had a return on equity of 7.90% and a net margin of 58.06%. The company had revenue of $34.95 million for the quarter, compared to analyst estimates of $36.78 million. During the same quarter in the prior year, the company earned $0.32 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. analysts predict that Golub Capital BDC will post 1.29 earnings per share for the current fiscal year.

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In other Golub Capital BDC news, Director William M. Iv Webster bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were bought at an average price of $18.46 per share, for a total transaction of $92,300.00. Following the transaction, the director now directly owns 136,514 shares in the company, valued at $2,520,048.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Macquarie Group Ltd. bought a new position in Golub Capital BDC in the third quarter worth approximately $102,000. Global X Management Co. LLC boosted its holdings in Golub Capital BDC by 50.4% in the first quarter. Global X Management Co. LLC now owns 6,728 shares of the investment management company’s stock worth $134,000 after acquiring an additional 2,254 shares in the last quarter. San Francisco Sentry Investment Group CA bought a new position in Golub Capital BDC in the third quarter worth approximately $134,000. Global X MANAGEMENT CO LLC boosted its holdings in Golub Capital BDC by 48.4% in the third quarter. Global X MANAGEMENT CO LLC now owns 9,981 shares of the investment management company’s stock worth $188,000 after acquiring an additional 3,253 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in Golub Capital BDC in the third quarter worth approximately $194,000. Institutional investors and hedge funds own 40.42% of the company’s stock.

About Golub Capital BDC

Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.

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