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

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have been given an average recommendation of “Buy” by the five brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $14.3750.

Several brokerages have issued reports on GBDC. Wall Street Zen cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, March 15th. Lucid Cap Mkts upgraded shares of Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. Wells Fargo & Company lowered their target price on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Friday, March 27th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, February 6th.

Institutional Trading of Golub Capital BDC

A number of institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in shares of Golub Capital BDC by 5.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,548,553 shares of the investment management company’s stock worth $34,890,000 after purchasing an additional 125,881 shares during the period. GSA Capital Partners LLP increased its holdings in shares of Golub Capital BDC by 1,321.2% in the 3rd quarter. GSA Capital Partners LLP now owns 157,976 shares of the investment management company’s stock valued at $2,163,000 after purchasing an additional 146,860 shares in the last quarter. AlphaQuest LLC lifted its stake in shares of Golub Capital BDC by 2,542.0% in the third quarter. AlphaQuest LLC now owns 128,984 shares of the investment management company’s stock valued at $1,766,000 after purchasing an additional 124,102 shares during the period. HighTower Advisors LLC lifted its stake in shares of Golub Capital BDC by 279.4% in the third quarter. HighTower Advisors LLC now owns 2,529,267 shares of the investment management company’s stock valued at $34,626,000 after purchasing an additional 1,862,632 shares during the period. Finally, Generali Asset Management SPA SGR boosted its holdings in Golub Capital BDC by 4.7% during the third quarter. Generali Asset Management SPA SGR now owns 2,630,739 shares of the investment management company’s stock worth $36,015,000 after buying an additional 118,034 shares in the last quarter. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Down 1.3%

Golub Capital BDC stock opened at $12.50 on Thursday. The stock has a 50 day moving average of $12.58 and a two-hundred day moving average of $13.40. Golub Capital BDC has a twelve month low of $11.77 and a twelve month high of $15.63. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 10.00 and a beta of 0.39. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.25.

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

Golub Capital BDC Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, March 13th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date of this dividend was Friday, March 13th. Golub Capital BDC’s dividend payout ratio is 105.60%.

Golub Capital BDC Company Profile

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.