Brokerages Set Golub Capital BDC, Inc. (NASDAQ:GBDC) Target Price at $14.00

Golub Capital BDC, Inc. (NASDAQ:GBDC) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $14.00.

A number of research analysts have recently issued reports on GBDC shares. Wall Street Zen cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Sunday, April 19th. Zacks Research cut shares of Golub Capital BDC from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Oppenheimer reiterated an “outperform” rating and set a $14.00 price objective on shares of Golub Capital BDC in a report on Wednesday, May 6th. Wells Fargo & Company reduced their price objective 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. Finally, Royal Bank Of Canada reduced their price objective on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, May 7th.

Institutional Investors Weigh In On Golub Capital BDC

Institutional investors have recently added to or reduced their stakes in the company. Main Street Group LTD bought a new position in shares of Golub Capital BDC during the 1st quarter worth approximately $47,000. Fifth Third Bancorp bought a new position in shares of Golub Capital BDC during the 1st quarter worth approximately $68,000. Advisory Services Network LLC bought a new position in shares of Golub Capital BDC during the 3rd quarter worth approximately $77,000. Clearstead Advisors LLC lifted its position in shares of Golub Capital BDC by 48.6% during the 4th quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company’s stock worth $81,000 after buying an additional 1,941 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Golub Capital BDC by 104.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,447 shares of the investment management company’s stock worth $87,000 after buying an additional 3,287 shares in the last quarter. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Trading Up 0.1%

GBDC opened at $13.09 on Friday. Golub Capital BDC has a 1-year low of $11.77 and a 1-year high of $15.63. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.25. The company has a market cap of $3.41 billion, a P/E ratio of 17.00 and a beta of 0.41. The company has a fifty day moving average price of $12.97 and a two-hundred day moving average price of $13.17.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Monday, May 4th. The investment management company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). Golub Capital BDC had a net margin of 24.64% and a return on equity of 10.20%. The company had revenue of ($5.28) million during the quarter, compared to the consensus estimate of $201.71 million. During the same period last year, the firm posted $0.30 earnings per share. Analysts predict that Golub Capital BDC will post 1.36 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date is Monday, June 15th. Golub Capital BDC’s dividend payout ratio (DPR) is currently 171.43%.

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.