Brokerages Set Golub Capital BDC, Inc. (NASDAQ:GBDC) Price Target at $16.38

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $16.38.

GBDC has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their price objective on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, November 21st. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Monday, March 10th.

Institutional Trading of Golub Capital BDC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Optiver Holding B.V. raised its position in Golub Capital BDC by 28.7% in the fourth quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 688 shares during the period. Signaturefd LLC raised its position in Golub Capital BDC by 0.7% in the fourth quarter. Signaturefd LLC now owns 106,746 shares of the investment management company’s stock valued at $1,618,000 after purchasing an additional 704 shares during the period. Sanctuary Advisors LLC increased its position in shares of Golub Capital BDC by 1.1% during the third quarter. Sanctuary Advisors LLC now owns 71,988 shares of the investment management company’s stock worth $1,101,000 after acquiring an additional 769 shares during the period. Snowden Capital Advisors LLC increased its position in shares of Golub Capital BDC by 0.4% during the fourth quarter. Snowden Capital Advisors LLC now owns 187,252 shares of the investment management company’s stock worth $2,839,000 after acquiring an additional 814 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in shares of Golub Capital BDC by 36.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock worth $47,000 after acquiring an additional 827 shares during the period. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Shares of Golub Capital BDC stock opened at $14.67 on Monday. The stock has a market capitalization of $3.89 billion, a P/E ratio of 10.63 and a beta of 0.50. The business has a 50 day simple moving average of $15.41 and a two-hundred day simple moving average of $15.25. Golub Capital BDC has a 12 month low of $14.05 and a 12 month high of $17.72. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share 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, analysts predict that Golub Capital BDC will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 10.63%. The ex-dividend date of this dividend is Monday, March 3rd. Golub Capital BDC’s payout ratio is 113.04%.

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.