Golub Capital BDC, Inc. (NASDAQ:GBDC) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $16.38.

Several research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Monday, March 10th. Wells Fargo & Company decreased their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, November 21st.

Golub Capital BDC Price Performance

GBDC opened at $14.67 on Monday. The company has a market cap of $3.89 billion, a P/E ratio of 10.63 and a beta of 0.50. The company has a 50 day moving average of $15.40 and a two-hundred day moving average of $15.25. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. 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 announced its earnings results 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 net margin of 39.63% and a return on equity of 11.18%. On average, analysts expect that Golub Capital BDC will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 10.63%. Golub Capital BDC’s dividend payout ratio is presently 113.04%.

Institutional Trading of Golub Capital BDC

Institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its holdings in shares of Golub Capital BDC by 413.1% during the fourth quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company’s stock worth $36,000 after purchasing an additional 1,921 shares during the period. Optiver Holding B.V. raised its holdings in shares of Golub Capital BDC by 28.7% during the fourth 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 period. Parkside Financial Bank & Trust raised 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 purchasing an additional 827 shares during the period. Hurley Capital LLC acquired a new stake in shares of Golub Capital BDC during the fourth quarter worth $50,000. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of Golub Capital BDC during the fourth quarter worth $160,000. 42.38% of the stock is owned by institutional investors and hedge funds.

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.