Brokerages Set Golub Capital BDC, Inc. (NASDAQ:GBDC) Price Target at $14.38

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 stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $14.3750.

Several equities research analysts have weighed in on the stock. Lucid Cap Mkts upgraded shares of Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. Wall Street Zen upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company lowered their price objective on 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. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Monday, December 29th. Finally, Capital One Financial set a $15.00 target price on Golub Capital BDC in a research report on Thursday, January 15th.

Institutional Investors Weigh In On Golub Capital BDC

A number of institutional investors and hedge funds have recently modified their holdings of GBDC. GSA Capital Partners LLP lifted its position in Golub Capital BDC by 1,321.2% during the third 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 during the period. AlphaQuest LLC boosted its holdings in 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 last quarter. HighTower Advisors LLC grew its position in Golub Capital BDC by 279.4% during the 3rd quarter. HighTower Advisors LLC now owns 2,529,267 shares of the investment management company’s stock worth $34,626,000 after purchasing an additional 1,862,632 shares during the period. Generali Asset Management SPA SGR raised its stake in shares of Golub Capital BDC by 4.7% during the 3rd quarter. Generali Asset Management SPA SGR now owns 2,630,739 shares of the investment management company’s stock valued at $36,015,000 after buying an additional 118,034 shares during the last quarter. Finally, Muzinich & Co. Inc. raised its stake in shares of Golub Capital BDC by 32.4% during the 3rd quarter. Muzinich & Co. Inc. now owns 1,625,636 shares of the investment management company’s stock valued at $22,255,000 after buying an additional 397,514 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Stock Down 0.3%

Shares of Golub Capital BDC stock opened at $12.19 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.24 and a quick ratio of 2.24. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 9.75 and a beta of 0.45. The firm’s 50-day moving average is $13.00 and its two-hundred day moving average is $13.66. Golub Capital BDC has a 1 year low of $11.77 and a 1 year high of $15.63.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share 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 firm had revenue of $110.18 million during the quarter, compared to analysts’ expectations of $208.89 million. During the same quarter in the prior year, the company earned $0.42 EPS. As a group, research analysts expect that Golub Capital BDC will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 10.8%. The ex-dividend date is Friday, March 13th. Golub Capital BDC’s payout ratio is presently 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.