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

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have been given an average rating of “Moderate Buy” by the five brokerages that are currently covering the company, 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 target price among brokers that have covered the stock in the last year is $16.38.

A number of brokerages recently issued reports on GBDC. Wells Fargo & Company decreased their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, November 21st. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Monday, March 10th.

Golub Capital BDC Stock Up 1.5 %

Golub Capital BDC stock opened at $14.67 on Monday. The company has a 50-day simple moving average of $15.40 and a 200-day simple moving average of $15.25. The firm has a market capitalization of $3.89 billion, a P/E ratio of 10.63 and a beta of 0.50. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. Golub Capital BDC has a one year low of $14.05 and a one year high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. As a group, equities analysts expect that Golub Capital BDC will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.56 annualized dividend and a dividend yield of 10.63%. Golub Capital BDC’s dividend payout ratio (DPR) is 113.04%.

Hedge Funds Weigh In On Golub Capital BDC

Several large investors have recently made changes to their positions in GBDC. Van ECK Associates Corp lifted its stake in Golub Capital BDC by 13.4% during the fourth quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock valued at $68,555,000 after buying an additional 533,895 shares in the last quarter. Sound Income Strategies LLC lifted its stake in Golub Capital BDC by 6.0% during the fourth quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company’s stock valued at $46,320,000 after buying an additional 172,519 shares in the last quarter. Northeast Financial Consultants Inc lifted its stake in Golub Capital BDC by 25.9% during the third quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock valued at $40,016,000 after buying an additional 544,126 shares in the last quarter. Sage Mountain Advisors LLC lifted its stake in Golub Capital BDC by 38.8% during the fourth quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company’s stock valued at $38,043,000 after buying an additional 701,594 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Golub Capital BDC by 2.1% in the fourth quarter. JPMorgan Chase & Co. now owns 2,385,828 shares of the investment management company’s stock worth $36,169,000 after purchasing an additional 49,519 shares in the last quarter. Institutional investors own 42.38% of the company’s stock.

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.