Analysts Set Golub Capital BDC, Inc. (NASDAQ:GBDC) Price Target at $16.50

Golub Capital BDC, Inc. (NASDAQ:GBDC) has been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are presently covering the stock, MarketBeat 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 objective among brokerages that have issued a report on the stock in the last year is $16.50.

A number of equities analysts have recently issued reports on the company. Oppenheimer reissued an “outperform” rating and set a $17.00 price target on shares of Golub Capital BDC in a research report on Wednesday, August 7th. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods cut their target price on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company upped their price target on shares of Golub Capital BDC from $15.00 to $15.50 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th.

Insider Activity at Golub Capital BDC

In other news, CEO David Golub bought 20,000 shares of Golub Capital BDC stock in a transaction on Monday, August 19th. The stock was acquired at an average cost of $14.70 per share, for a total transaction of $294,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,758,880 shares of the company’s stock, valued at $25,855,536. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 120,000 shares of company stock valued at $1,785,000 over the last quarter. 0.01% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Golub Capital BDC

Several institutional investors have recently bought and sold shares of the company. Hexagon Capital Partners LLC lifted its holdings in shares of Golub Capital BDC by 171.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock valued at $32,000 after purchasing an additional 1,355 shares during the last quarter. Allworth Financial LP raised its stake in Golub Capital BDC by 135.6% in the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock valued at $35,000 after buying an additional 1,347 shares during the last quarter. Cove Street Capital LLC purchased a new stake in Golub Capital BDC in the second quarter valued at about $39,000. Quarry LP acquired a new stake in Golub Capital BDC in the second quarter worth about $61,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Golub Capital BDC during the second quarter worth about $71,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Price Performance

Shares of GBDC stock opened at $15.36 on Tuesday. The company’s 50-day simple moving average is $15.08 and its two-hundred day simple moving average is $15.56. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01. Golub Capital BDC has a one year low of $14.05 and a one year high of $17.72. The company has a market capitalization of $2.63 billion, a P/E ratio of 9.31 and a beta of 0.54.

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

About Golub Capital BDC

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.