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

Golub Capital BDC, Inc. (NASDAQ:GBDC) has received an average rating of “Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $14.50.

Several research firms recently commented on GBDC. Capital One Financial set a $15.00 target price on shares of Golub Capital BDC in a research report on Thursday, January 15th. Wall Street Zen downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. Wells Fargo & Company lowered 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, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a report on Friday, March 27th. Finally, Royal Bank Of Canada initiated coverage on shares of Golub Capital BDC in a report on Friday, April 17th. They set an “outperform” rating and a $15.00 price target for the company.

Golub Capital BDC Price Performance

NASDAQ:GBDC opened at $13.29 on Monday. The firm’s 50 day simple moving average is $12.57 and its 200 day simple moving average is $13.30. 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 one year low of $11.77 and a one year high of $15.63. The company has a market cap of $3.50 billion, a PE ratio of 10.63 and a beta of 0.40.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Wednesday, February 4th. The investment management company reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. Golub Capital BDC had a net margin of 38.57% and a return on equity of 10.37%. The business had revenue of $110.18 million for the quarter, compared to the consensus estimate of $208.89 million. During the same period last year, the company earned $0.42 EPS. On average, research analysts anticipate that Golub Capital BDC will post 1.44 earnings per share for the current year.

Golub Capital BDC Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 13th were issued a dividend of $0.33 per share. The ex-dividend date was Friday, March 13th. This represents a $1.32 annualized dividend and a yield of 9.9%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 105.60%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GBDC. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Golub Capital BDC during the 3rd quarter worth approximately $33,000. CWM LLC raised its holdings in Golub Capital BDC by 13,588.0% during the 3rd quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock worth $47,000 after purchasing an additional 3,397 shares during the last quarter. Main Street Group LTD bought a new position in Golub Capital BDC during the 3rd quarter worth approximately $51,000. Advisory Services Network LLC bought a new position in Golub Capital BDC during the 3rd quarter worth approximately $77,000. Finally, Farther Finance Advisors LLC bought a new position in Golub Capital BDC during the 3rd quarter worth approximately $78,000. 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.