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

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $16.40.

A number of research analysts recently commented on GBDC shares. Wells Fargo & Company lowered their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. Oppenheimer reissued an “outperform” rating and issued a $17.00 price target on shares of Golub Capital BDC in a report on Wednesday, August 7th. StockNews.com cut Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. Finally, Keefe, Bruyette & Woods decreased their price objective on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a report on Wednesday, August 7th.

Golub Capital BDC Stock Up 1.5 %

GBDC stock opened at $15.09 on Monday. Golub Capital BDC has a twelve month low of $13.95 and a twelve month high of $17.72. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 1.06. The stock has a market cap of $2.59 billion, a P/E ratio of 7.43 and a beta of 0.53. The business’s 50-day moving average price is $15.07 and its 200-day moving average price is $15.84.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Monday, August 5th. The investment management company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Golub Capital BDC had a net margin of 42.14% and a return on equity of 11.99%. The company had revenue of $171.27 million for the quarter, compared to analysts’ expectations of $205.24 million. During the same period in the previous year, the firm earned $0.44 earnings per share. On average, equities research analysts forecast that Golub Capital BDC will post 1.92 EPS for the current year.

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 10.34%. The ex-dividend date of this dividend is Friday, August 30th. Golub Capital BDC’s dividend payout ratio is currently 76.85%.

Insider Activity

In related news, Chairman Lawrence E. Golub bought 20,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were purchased at an average price of $15.04 per share, with a total value of $300,800.00. Following the transaction, the chairman now owns 1,898,880 shares in the company, valued at approximately $28,559,155.20. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Golub Capital BDC news, Director Anita J. Rival bought 26,000 shares of Golub Capital BDC stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of $14.40 per share, for a total transaction of $374,400.00. Following the completion of the purchase, the director now directly owns 95,000 shares in the company, valued at approximately $1,368,000. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Lawrence E. Golub purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were purchased at an average price of $15.04 per share, for a total transaction of $300,800.00. Following the purchase, the chairman now owns 1,898,880 shares of the company’s stock, valued at approximately $28,559,155.20. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 146,000 shares of company stock valued at $2,159,400. 2.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Golub Capital BDC

Several institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new position in shares of Golub Capital BDC during the second quarter valued at $1,239,000. Delphi Management Inc. MA increased its stake in shares of Golub Capital BDC by 6.3% during the second quarter. Delphi Management Inc. MA now owns 41,499 shares of the investment management company’s stock valued at $652,000 after buying an additional 2,461 shares during the period. Cetera Investment Advisers increased its stake in shares of Golub Capital BDC by 11.1% during the second quarter. Cetera Investment Advisers now owns 75,040 shares of the investment management company’s stock valued at $1,179,000 after buying an additional 7,489 shares during the period. Next Capital Management LLC increased its stake in shares of Golub Capital BDC by 191.8% during the second quarter. Next Capital Management LLC now owns 771,910 shares of the investment management company’s stock valued at $12,127,000 after buying an additional 507,377 shares during the period. Finally, Quarry LP purchased a new position in shares of Golub Capital BDC during the second quarter valued at $61,000. 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.