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

Golub Capital BDC, Inc. (NASDAQ:GBDC) has received an average rating of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $16.40.

Several research analysts have commented on the company. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Wells Fargo & Company lowered their price objective on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, November 21st.

Hedge Funds Weigh In On Golub Capital BDC

Several institutional investors have recently added to or reduced their stakes in the business. Nicholas Hoffman & Company LLC. boosted its position in shares of Golub Capital BDC by 1.8% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 38,531 shares of the investment management company’s stock worth $582,000 after purchasing an additional 664 shares in the last quarter. Neville Rodie & Shaw Inc. raised its stake in Golub Capital BDC by 1.3% during the 3rd quarter. Neville Rodie & Shaw Inc. now owns 54,557 shares of the investment management company’s stock worth $824,000 after buying an additional 715 shares during the period. Sanctuary Advisors LLC boosted its holdings in 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 worth $1,101,000 after acquiring an additional 769 shares in the last quarter. Moors & Cabot Inc. grew its stake in Golub Capital BDC by 2.3% in the third quarter. Moors & Cabot Inc. now owns 38,143 shares of the investment management company’s stock valued at $576,000 after acquiring an additional 875 shares during the period. Finally, Wedbush Securities Inc. increased its holdings in shares of Golub Capital BDC by 2.8% during the second quarter. Wedbush Securities Inc. now owns 37,031 shares of the investment management company’s stock valued at $582,000 after acquiring an additional 1,000 shares in the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

Golub Capital BDC Price Performance

GBDC stock opened at $15.25 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. Golub Capital BDC has a 52-week low of $14.05 and a 52-week high of $17.72. The company has a market capitalization of $4.03 billion, a P/E ratio of 10.82 and a beta of 0.54. The company has a fifty day moving average price of $15.30 and a 200-day moving average price of $15.23.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 9th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.23%. The ex-dividend date of this dividend was Monday, December 9th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 110.64%.

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.