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

Golub Capital BDC, Inc. (NASDAQ:GBDC) has received an average rating of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $16.40.

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Golub Capital BDC from $15.00 to $15.50 and gave the stock an “equal weight” rating in a report on Monday, January 29th. StockNews.com downgraded shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Bank of America raised shares of Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Monday, March 25th. Finally, Raymond James boosted their price objective on shares of Golub Capital BDC from $16.00 to $16.50 and gave the company an “outperform” rating in a research report on Tuesday, January 23rd.

Golub Capital BDC Trading Down 0.2 %

Shares of GBDC stock opened at $16.59 on Friday. Golub Capital BDC has a 12-month low of $12.77 and a 12-month high of $16.83. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.20. The firm’s 50 day moving average is $16.07 and its 200 day moving average is $15.31. The stock has a market capitalization of $2.85 billion, a P/E ratio of 9.12 and a beta of 0.57.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Monday, February 5th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). Golub Capital BDC had a return on equity of 12.53% and a net margin of 48.94%. The company had revenue of $164.77 million during the quarter, compared to analysts’ expectations of $160.93 million. Research analysts expect that Golub Capital BDC will post 1.95 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The company also recently announced a Variable dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 15th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, February 14th. Golub Capital BDC’s dividend payout ratio (DPR) is 85.71%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GBDC. Neo Ivy Capital Management purchased a new position in shares of Golub Capital BDC during the 2nd quarter valued at $30,000. Private Trust Co. NA lifted its stake in shares of Golub Capital BDC by 1,005.0% during the 4th quarter. Private Trust Co. NA now owns 2,199 shares of the investment management company’s stock valued at $33,000 after buying an additional 2,000 shares in the last quarter. US Bancorp DE lifted its stake in shares of Golub Capital BDC by 45.0% during the 4th quarter. US Bancorp DE now owns 2,296 shares of the investment management company’s stock valued at $35,000 after buying an additional 713 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Golub Capital BDC during the 1st quarter valued at $38,000. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Golub Capital BDC by 77.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,463 shares of the investment management company’s stock valued at $52,000 after buying an additional 1,508 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

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.