Golub Capital BDC, Inc. (NASDAQ:GBDC) Receives Average Rating of “Buy” from Analysts

Golub Capital BDC, Inc. (NASDAQ:GBDC) has been assigned a consensus recommendation of “Buy” from the five research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $14.3750.

GBDC has been the subject of a number of research reports. Capital One Financial set a $15.00 target price on Golub Capital BDC in a report on Thursday, January 15th. Wall Street Zen cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Saturday. Lucid Cap Mkts upgraded shares of Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Monday, December 29th. Finally, Wells Fargo & Company cut their price target on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Comprehensive Money Management Services LLC increased its position 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 worth $171,000 after purchasing an additional 900 shares in the last quarter. Colton Groome Financial Advisors LLC grew its stake in Golub Capital BDC by 9.0% during the third quarter. Colton Groome Financial Advisors LLC now owns 11,078 shares of the investment management company’s stock worth $152,000 after buying an additional 913 shares during the period. Chicago Partners Investment Group LLC grew its stake 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 during the period. Amplius Wealth Advisors LLC increased its position in shares of Golub Capital BDC by 2.0% in the second quarter. Amplius Wealth Advisors LLC now owns 52,158 shares of the investment management company’s stock worth $764,000 after acquiring an additional 1,001 shares in the last quarter. Finally, Anchor Investment Management LLC raised its stake in shares of Golub Capital BDC by 0.4% in the 2nd quarter. Anchor Investment Management LLC now owns 280,435 shares of the investment management company’s stock valued at $4,108,000 after acquiring an additional 1,012 shares during the period. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Stock Performance

Shares of GBDC stock opened at $12.87 on Wednesday. Golub Capital BDC has a one year low of $12.28 and a one year high of $16.00. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.24 and a current ratio of 2.24. The firm’s 50 day moving average price is $13.59 and its 200-day moving average price is $14.01. The firm has a market cap of $3.39 billion, a P/E ratio of 10.30 and a beta of 0.43.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. The company had revenue of $110.18 million during the quarter, compared to analysts’ expectations of $208.89 million. Golub Capital BDC had a net margin of 38.57% and a return on equity of 10.37%. During the same quarter last year, the company posted $0.42 EPS. As a group, equities research analysts predict that Golub Capital BDC will post 1.6 EPS for the current year.

Golub Capital BDC Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 13th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend is Friday, March 13th. Golub Capital BDC’s dividend payout ratio (DPR) is presently 105.60%.

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.