Golub Capital BDC (NASDAQ:GBDC) Sets New 52-Week High Following Dividend Announcement

Golub Capital BDC, Inc. (NASDAQ:GBDC) reached a new 52-week high on Monday following a dividend announcement from the company. The company traded as high as $16.89 and last traded at $16.88, with a volume of 174395 shares. The stock had previously closed at $16.80.

The newly announced dividend which will be paid on Friday, June 21st. Shareholders of record on Thursday, May 2nd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 9.06%. The ex-dividend date is Wednesday, May 1st. Golub Capital BDC’s dividend payout ratio is currently 85.71%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GBDC shares. Raymond James upped their target price on shares of Golub Capital BDC from $16.00 to $16.50 and gave the stock an “outperform” rating in a research report on Tuesday, January 23rd. Wells Fargo & Company boosted their price objective on shares of Golub Capital BDC from $15.00 to $15.50 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Bank of America raised shares of Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Monday, March 25th. Finally, StockNews.com lowered shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.40.

Golub Capital BDC Trading Up 0.6 %

The stock has a market cap of $2.95 billion, a PE ratio of 9.46 and a beta of 0.57. The firm has a 50-day moving average price of $16.13 and a 200-day moving average price of $15.37. The company has a debt-to-equity ratio of 1.20, a quick ratio of 3.15 and a current ratio of 3.15.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Monday, February 5th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). Golub Capital BDC had a return on equity of 12.53% and a net margin of 48.94%. The firm had revenue of $164.77 million during the quarter, compared to analysts’ expectations of $160.93 million. As a group, equities analysts anticipate that Golub Capital BDC, Inc. will post 1.95 EPS for the current fiscal year.

Hedge Funds Weigh In On Golub Capital BDC

Hedge funds have recently added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV increased its holdings in shares of Golub Capital BDC by 4.5% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 47,037 shares of the investment management company’s stock worth $782,000 after purchasing an additional 2,031 shares in the last quarter. Nicholas Hoffman & Company LLC. boosted its position in shares of Golub Capital BDC by 13.1% during the first quarter. Nicholas Hoffman & Company LLC. now owns 41,405 shares of the investment management company’s stock valued at $689,000 after buying an additional 4,782 shares during the last quarter. Shikiar Asset Management Inc. increased its holdings in Golub Capital BDC by 19.6% in the 1st quarter. Shikiar Asset Management Inc. now owns 409,380 shares of the investment management company’s stock worth $6,808,000 after buying an additional 67,000 shares in the last quarter. GraniteShares Advisors LLC raised its position in Golub Capital BDC by 14.6% in the 1st quarter. GraniteShares Advisors LLC now owns 111,171 shares of the investment management company’s stock worth $1,849,000 after buying an additional 14,154 shares during the last quarter. Finally, Abundance Wealth Counselors raised its position in Golub Capital BDC by 15.2% in the 1st quarter. Abundance Wealth Counselors now owns 48,133 shares of the investment management company’s stock worth $800,000 after buying an additional 6,350 shares during the last quarter. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

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.