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

Golub Capital BDC, Inc. (NASDAQ:GBDC) has received an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $13.90.

Several equities research analysts recently commented on the stock. Oppenheimer restated an “outperform” rating and issued a $14.00 price target on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Keefe, Bruyette & Woods lowered their price objective on shares of Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th. Royal Bank Of Canada reduced their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Finally, Zacks Research raised Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th.

Golub Capital BDC Trading Down 0.7%

Shares of GBDC opened at $13.09 on Thursday. The business’s 50-day moving average price is $12.88 and its 200 day moving average price is $12.84. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $3.40 billion, a P/E ratio of 20.14 and a beta of 0.39. Golub Capital BDC has a 1-year low of $11.77 and a 1-year high of $14.93.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Monday, August 3rd. The investment management company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $98.53 million during the quarter, compared to analyst estimates of $189.91 million. Golub Capital BDC had a net margin of 21.45% and a return on equity of 9.91%. During the same period in the prior year, the firm earned $0.39 earnings per share. Analysts expect that Golub Capital BDC will post 1.36 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 14th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 10.1%. The ex-dividend date of this dividend is Monday, September 14th. Golub Capital BDC’s dividend payout ratio is currently 203.08%.

Insider Buying and Selling

In other Golub Capital BDC news, Director Lawrence E. Golub sold 1,676,387 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $13.06, for a total transaction of $21,893,614.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Institutional Trading of Golub Capital BDC

Hedge funds have recently made changes to their positions in the stock. Strs Ohio grew its position in Golub Capital BDC by 2.6% during the first quarter. Strs Ohio now owns 17,140,532 shares of the investment management company’s stock valued at $216,999,000 after purchasing an additional 435,772 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Golub Capital BDC by 53.7% in the 4th quarter. JPMorgan Chase & Co. now owns 3,917,312 shares of the investment management company’s stock valued at $53,158,000 after buying an additional 1,368,759 shares during the period. Bank of America Corp DE increased its stake in Golub Capital BDC by 5.7% in the 3rd quarter. Bank of America Corp DE now owns 3,829,788 shares of the investment management company’s stock valued at $52,430,000 after buying an additional 207,998 shares during the period. Sound Income Strategies LLC lifted its position in Golub Capital BDC by 4.1% in the 1st quarter. Sound Income Strategies LLC now owns 3,750,533 shares of the investment management company’s stock worth $46,882,000 after buying an additional 147,734 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its position in Golub Capital BDC by 17.9% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 3,559,646 shares of the investment management company’s stock worth $45,065,000 after buying an additional 540,498 shares in the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

About Golub Capital BDC

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.