Analysts Set Golub Capital BDC, Inc. (NASDAQ:GBDC) Target Price at $16.40

Golub Capital BDC, Inc. (NASDAQ:GBDC) has received an average rating of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $16.40.

Several equities analysts recently issued reports on GBDC shares. Oppenheimer reissued an “outperform” rating and set a $17.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods reduced their price objective on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Wells Fargo & Company reduced their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 21st.

Insiders Place Their Bets

In other Golub Capital BDC news, Chairman Lawrence E. Golub acquired 20,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was bought at an average price of $14.91 per share, with a total value of $298,200.00. Following the completion of the transaction, the chairman now directly owns 1,998,880 shares of the company’s stock, valued at approximately $29,803,300.80. The trade was a 1.01 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Golub Capital BDC

Large investors have recently made changes to their positions in the business. Abundance Wealth Counselors increased its position in shares of Golub Capital BDC by 289.2% in the second quarter. Abundance Wealth Counselors now owns 187,345 shares of the investment management company’s stock worth $2,943,000 after acquiring an additional 139,212 shares in the last quarter. TCW Group Inc. increased its position in shares of Golub Capital BDC by 63.0% in the second quarter. TCW Group Inc. now owns 430,702 shares of the investment management company’s stock worth $6,766,000 after acquiring an additional 166,480 shares in the last quarter. Partners Group Holding AG increased its position in shares of Golub Capital BDC by 48.2% in the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock worth $30,139,000 after acquiring an additional 648,855 shares in the last quarter. Cetera Advisors LLC acquired a new stake in shares of Golub Capital BDC in the first quarter worth $995,000. Finally, Northeast Financial Consultants Inc increased its position in shares of Golub Capital BDC by 151.8% in the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock worth $33,057,000 after acquiring an additional 1,268,442 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $15.59 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 11.09 and a beta of 0.54. The company’s 50 day simple moving average is $15.26 and its 200 day simple moving average is $15.37. Golub Capital BDC has a 1 year low of $14.05 and a 1 year high of $17.72.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.01%. The ex-dividend date of this dividend is Monday, December 9th. Golub Capital BDC’s dividend payout ratio is currently 110.64%.

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.