Golub Capital BDC, Inc. (NASDAQ:GBDC) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have earned an average rating of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $16.38.

GBDC has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 21st. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday, November 29th.

Institutional Investors Weigh In On Golub Capital BDC

Institutional investors have recently made changes to their positions in the company. Allworth Financial LP increased its stake in shares of Golub Capital BDC by 135.6% during the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock worth $35,000 after purchasing an additional 1,347 shares during the period. Blue Trust Inc. increased its position in Golub Capital BDC by 413.1% during the 4th quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company’s stock worth $36,000 after buying an additional 1,921 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Golub Capital BDC by 36.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock worth $47,000 after buying an additional 827 shares in the last quarter. Cary Street Partners Asset Management LLC acquired a new stake in shares of Golub Capital BDC during the third quarter worth $151,000. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of Golub Capital BDC in the fourth quarter valued at about $160,000. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Trading Up 0.9 %

NASDAQ GBDC opened at $15.83 on Thursday. The company has a market cap of $4.20 billion, a PE ratio of 11.47 and a beta of 0.54. Golub Capital BDC has a 12 month low of $14.05 and a 12 month high of $17.72. The stock has a 50 day moving average of $15.30 and a 200-day moving average of $15.16. The company has a current ratio of 2.94, a quick ratio of 4.73 and a debt-to-equity ratio of 1.22.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 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 anticipate that Golub Capital BDC will post 1.62 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.56 annualized dividend and a yield of 9.85%. Golub Capital BDC’s dividend payout ratio is currently 113.04%.

Golub Capital BDC Company Profile

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.