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

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDCGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the four analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $16.00.

GBDC has been the subject of several analyst reports. StockNews.com lowered Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Monday, December 18th. Keefe, Bruyette & Woods upped their target price on Golub Capital BDC from $16.50 to $17.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. Finally, Raymond James boosted their price target on Golub Capital BDC from $15.50 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 22nd.

Read Our Latest Report on Golub Capital BDC

Institutional Trading of Golub Capital BDC

A number of institutional investors and hedge funds have recently made changes to their positions in GBDC. Neo Ivy Capital Management acquired a new stake in shares of Golub Capital BDC during the 2nd quarter worth approximately $30,000. Creative Financial Designs Inc. ADV raised its position in shares of Golub Capital BDC by 369.3% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 4,810 shares of the investment management company’s stock worth $65,000 after purchasing an additional 3,785 shares during the period. State of Wyoming acquired a new stake in shares of Golub Capital BDC during the 2nd quarter worth approximately $84,000. BNP Paribas Arbitrage SNC bought a new position in Golub Capital BDC in the 1st quarter worth approximately $102,000. Finally, US Bancorp DE grew its holdings in Golub Capital BDC by 9.5% in the 2nd quarter. US Bancorp DE now owns 9,136 shares of the investment management company’s stock worth $123,000 after buying an additional 789 shares in the last quarter. 40.82% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Stock Up 0.9 %

Golub Capital BDC stock opened at $15.21 on Thursday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.83 and a quick ratio of 1.83. Golub Capital BDC has a 1-year low of $12.27 and a 1-year high of $15.49. The company has a market cap of $2.58 billion, a PE ratio of 10.01 and a beta of 0.59. The stock’s 50 day moving average price is $15.03 and its 200 day moving average price is $14.52.

Golub Capital BDC (NASDAQ:GBDCGet Free Report) last issued its quarterly earnings data on Tuesday, November 21st. The investment management company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $164.54 million during the quarter, compared to analysts’ expectations of $158.26 million. Golub Capital BDC had a return on equity of 11.72% and a net margin of 42.88%. During the same period in the previous year, the firm posted $0.33 earnings per share. On average, sell-side analysts predict that Golub Capital BDC will post 1.94 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 9.73%. The ex-dividend date was Thursday, December 7th. Golub Capital BDC’s payout ratio is currently 97.37%.

Golub Capital BDC Company Profile

(Get Free Report

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.

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