Golub Capital BDC, Inc. (NASDAQ:GBDC) declared a quarterly dividend on Tuesday, November 21st, Wall Street Journal reports. Shareholders of record on Tuesday, December 12th will be paid a dividend of 0.32 per share by the investment management company on Thursday, December 28th. This represents a $1.28 annualized dividend and a yield of 6.68%. The ex-dividend date is Monday, December 11th.
Shares of Golub Capital BDC (GBDC) traded up $0.13 during mid-day trading on Thursday, reaching $19.15. The company’s stock had a trading volume of 179,684 shares, compared to its average volume of 211,301. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.56 and a current ratio of 3.56. Golub Capital BDC has a 12 month low of $17.87 and a 12 month high of $20.50. The firm has a market cap of $1,128.99, a price-to-earnings ratio of 14.47, a P/E/G ratio of 1.48 and a beta of 0.67.
Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Monday, November 20th. The investment management company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. Golub Capital BDC had a return on equity of 7.90% and a net margin of 58.06%. The company had revenue of $34.95 million for the quarter, compared to analyst estimates of $36.78 million. During the same period in the prior year, the firm posted $0.32 EPS. The business’s revenue was up 1.3% compared to the same quarter last year. sell-side analysts forecast that Golub Capital BDC will post 1.28 earnings per share for the current fiscal year.
GBDC has been the topic of a number of analyst reports. Keefe, Bruyette & Woods set a $20.00 price objective on Golub Capital BDC and gave the company a “hold” rating in a report on Friday, October 6th. Zacks Investment Research raised Golub Capital BDC from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Tuesday, October 3rd. Finally, National Securities reissued a “neutral” rating and set a $19.00 price objective on shares of Golub Capital BDC in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $19.88.
A hedge fund recently raised its stake in Golub Capital BDC stock. Northern Trust Corp boosted its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 41.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,214 shares of the investment management company’s stock after purchasing an additional 8,841 shares during the quarter. Northern Trust Corp’s holdings in Golub Capital BDC were worth $578,000 at the end of the most recent quarter. Institutional investors and hedge funds own 40.76% of the company’s stock.
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About Golub Capital BDC
Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.
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