Golub Capital BDC (NASDAQ:GBDC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Golub Capital BDC (NASDAQ:GBDC) from a sell rating to a hold rating in a report issued on Saturday morning.

A number of other research analysts also recently issued reports on the stock. Keefe, Bruyette & Woods reduced their price target 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. Royal Bank Of Canada dropped their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. Zacks Research raised shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Finally, Oppenheimer restated an “outperform” rating and issued a $14.00 target price on shares of Golub Capital BDC in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and an average price target of $13.90.

Golub Capital BDC Stock Performance

GBDC stock opened at $13.13 on Friday. The stock’s 50 day simple moving average is $12.88 and its 200 day simple moving average is $12.85. Golub Capital BDC has a 12-month low of $11.77 and a 12-month high of $14.93. The firm has a market cap of $3.41 billion, a P/E ratio of 20.20 and a beta of 0.39. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.22.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Monday, August 3rd. The investment management company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Golub Capital BDC had a net margin of 21.45% and a return on equity of 9.91%. The firm had revenue of $187.73 million during the quarter, compared to the consensus estimate of $189.91 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. As a group, equities research analysts predict that Golub Capital BDC will post 1.36 EPS for the current year.

Golub Capital BDC Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Uptick Partners LLC acquired a new position in shares of Golub Capital BDC during the second quarter valued at $152,000. Denali Advisors LLC acquired a new stake in Golub Capital BDC in the second quarter worth about $4,417,000. NewEdge Wealth LLC bought a new position in Golub Capital BDC in the 2nd quarter valued at about $539,000. BlackRock Inc. bought a new position in Golub Capital BDC in the 2nd quarter valued at about $16,206,000. Finally, Trust Co. of Vermont acquired a new position in Golub Capital BDC during the 2nd quarter valued at about $77,000. Institutional investors own 42.38% of the company’s stock.

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.