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

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have received an average rating of “Buy” from the five brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $14.3750.

GBDC has been the topic of several research reports. Keefe, Bruyette & Woods lowered their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Lucid Cap Mkts raised Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. Capital One Financial set a $15.00 price objective on shares of Golub Capital BDC in a research report on Thursday, January 15th. Wall Street Zen upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Wells Fargo & Company cut their target price on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, February 6th.

Institutional Investors Weigh In On Golub Capital BDC

Institutional investors and hedge funds have recently bought and sold shares of the stock. Comprehensive Money Management Services LLC increased its position in Golub Capital BDC by 7.8% during the third quarter. Comprehensive Money Management Services LLC now owns 12,500 shares of the investment management company’s stock worth $171,000 after buying an additional 900 shares in the last quarter. Colton Groome Financial Advisors LLC lifted its position in shares of Golub Capital BDC by 9.0% in the third quarter. Colton Groome Financial Advisors LLC now owns 11,078 shares of the investment management company’s stock valued at $152,000 after acquiring an additional 913 shares in the last quarter. Anchor Investment Management LLC lifted its position in shares of Golub Capital BDC by 0.4% in the second 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 in the last quarter. Truist Financial Corp boosted its stake in shares of Golub Capital BDC by 5.6% during the third quarter. Truist Financial Corp now owns 19,603 shares of the investment management company’s stock valued at $268,000 after acquiring an additional 1,035 shares during the last quarter. Finally, Keel Point LLC boosted its stake in shares of Golub Capital BDC by 2.7% during the second quarter. Keel Point LLC now owns 39,845 shares of the investment management company’s stock valued at $584,000 after acquiring an additional 1,039 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC opened at $12.12 on Friday. The business’s 50 day simple moving average is $13.06 and its 200-day simple moving average is $13.70. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 9.70 and a beta of 0.45. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.24 and a quick ratio of 2.24. Golub Capital BDC has a 12 month low of $11.77 and a 12 month high of $15.63.

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

Golub Capital BDC Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date of this dividend is Friday, March 13th. Golub Capital BDC’s dividend payout ratio (DPR) is 124.80%.

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.