Golub Capital BDC (NASDAQ:GBDC) Upgraded at Lucid Cap Mkts

Lucid Cap Mkts upgraded shares of Golub Capital BDC (NASDAQ:GBDC) to a strong-buy rating in a report published on Thursday morning,Zacks.com reports.

A number of other brokerages have also weighed in on GBDC. Wells Fargo & Company raised Golub Capital BDC from an “equal weight” rating to an “overweight” rating and set a $14.00 price objective on the stock in a report on Wednesday, January 7th. Keefe, Bruyette & Woods decreased their price target on Golub Capital BDC from $15.50 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, November 21st. Capital One Financial set a $15.00 price objective on Golub Capital BDC in a report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a report on Monday, December 29th. Finally, Wall Street Zen raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $14.88.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $13.82 on Thursday. The stock has a market capitalization of $3.64 billion, a P/E ratio of 9.73 and a beta of 0.43. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.90 and a current ratio of 1.90. Golub Capital BDC has a 1 year low of $12.68 and a 1 year high of $16.00. The company’s fifty day moving average is $13.78 and its two-hundred day moving average is $14.24.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Tuesday, November 18th. The investment management company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Golub Capital BDC had a net margin of 43.25% and a return on equity of 10.40%. The company had revenue of $217.84 million during the quarter, compared to analysts’ expectations of $220.54 million. During the same quarter last year, the business earned $0.36 EPS. The business’s revenue was down .2% on a year-over-year basis. On average, sell-side analysts predict that Golub Capital BDC will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 12th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend was Friday, December 12th. Golub Capital BDC’s payout ratio is 109.86%.

Institutional Trading of Golub Capital BDC

Several institutional investors and hedge funds have recently modified their holdings of the business. Eagle Bay Advisors LLC increased its stake in shares of Golub Capital BDC by 0.3% during the 2nd quarter. Eagle Bay Advisors LLC now owns 261,033 shares of the investment management company’s stock worth $3,824,000 after purchasing an additional 708 shares in the last quarter. Comprehensive Money Management Services LLC grew its holdings in Golub Capital BDC by 7.8% during the 3rd quarter. Comprehensive Money Management Services LLC now owns 12,500 shares of the investment management company’s stock valued at $171,000 after buying an additional 900 shares during the last quarter. Colton Groome Financial Advisors LLC grew its holdings in Golub Capital BDC by 9.0% during the 3rd quarter. Colton Groome Financial Advisors LLC now owns 11,078 shares of the investment management company’s stock valued at $152,000 after buying an additional 913 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in Golub Capital BDC by 1.7% during the second quarter. Chicago Partners Investment Group LLC now owns 58,032 shares of the investment management company’s stock worth $898,000 after buying an additional 971 shares in the last quarter. Finally, Perigon Wealth Management LLC raised its holdings in shares of Golub Capital BDC by 9.0% in the second quarter. Perigon Wealth Management LLC now owns 11,894 shares of the investment management company’s stock worth $174,000 after acquiring an additional 983 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

About Golub Capital BDC

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.