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

Golub Capital BDC, Inc. (NASDAQ:GBDC) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $14.00.

Several research analysts recently weighed in on GBDC shares. Royal Bank Of Canada cut their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Oppenheimer reissued an “outperform” rating and set a $14.00 price target on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Wall Street Zen lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, April 19th. Zacks Research upgraded Golub Capital BDC from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GBDC. Main Street Group LTD acquired a new stake in shares of Golub Capital BDC in the first quarter worth $47,000. Fifth Third Bancorp purchased a new position in shares of Golub Capital BDC in the 1st quarter valued at $68,000. Advisory Services Network LLC acquired a new position in shares of Golub Capital BDC during the 3rd quarter valued at $77,000. Clearstead Advisors LLC lifted its holdings 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 valued at $81,000 after acquiring an additional 1,941 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in 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 purchasing an additional 3,287 shares during the period. 42.38% of the stock is owned by institutional investors and hedge funds.

Golub Capital BDC Stock Performance

NASDAQ:GBDC opened at $13.06 on Friday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.25. The company has a market cap of $3.40 billion, a P/E ratio of 16.96 and a beta of 0.39. Golub Capital BDC has a fifty-two week low of $11.77 and a fifty-two week high of $15.63. The firm’s 50 day moving average is $12.91 and its two-hundred day moving average is $12.94.

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

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 15th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date of this dividend was Monday, June 15th. Golub Capital BDC’s dividend payout ratio is 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.