Golub Capital BDC, Inc. (NASDAQ:GBDC) Stock Has Average Price Target of $13.90

Golub Capital BDC, Inc. (NASDAQ:GBDC) has been given an average recommendation of “Moderate Buy” by the seven research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $13.90.

A number of research firms have weighed in on GBDC. Weiss Ratings cut shares of Golub Capital BDC from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 9th. Zacks Research raised shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Keefe, Bruyette & Woods decreased their price objective on shares of Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. Finally, Wall Street Zen upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th.

Golub Capital BDC Price Performance

Shares of GBDC opened at $12.12 on Tuesday. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 18.65 and a beta of 0.41. The firm’s fifty day simple moving average is $12.60 and its 200-day simple moving average is $12.86. Golub Capital BDC has a twelve month low of $11.77 and a twelve month high of $14.40. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.22.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%. The company had revenue of $98.53 million for the quarter, compared to analysts’ expectations of $189.91 million. During the same period last year, the firm earned $0.39 earnings per share. Equities analysts forecast that Golub Capital BDC will post 1.36 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th were paid a $0.33 dividend. The ex-dividend date was Monday, September 14th. This represents a $1.32 dividend on an annualized basis and a yield of 10.9%. Golub Capital BDC’s payout ratio is currently 203.08%.

Insider Buying and Selling at Golub Capital BDC

In other news, Director Lawrence Golub sold 1,676,387 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $13.06, for a total transaction of $21,893,614.22. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Golub Capital BDC

Several hedge funds have recently made changes to their positions in the business. Allworth Financial LP acquired a new position in Golub Capital BDC in the 2nd quarter valued at about $25,000. Burk Holdings LLC purchased a new stake in Golub Capital BDC during the 2nd quarter valued at approximately $30,000. Main Street Group LTD acquired a new stake in Golub Capital BDC during the 1st quarter worth approximately $47,000. Fifth Third Bancorp purchased a new position in shares of Golub Capital BDC in the 1st quarter valued at approximately $68,000. Finally, Trust Co. of Vermont purchased a new position in shares of Golub Capital BDC in the 2nd quarter valued at approximately $77,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

About Golub Capital BDC

Golub Capital BDC, Inc is a business development company that provides financing to middle-market companies. The company primarily invests in senior secured loans and other debt investments, with the objective of generating current income and, to a lesser extent, capital appreciation.

Its investment portfolio generally consists of loans to established businesses across a range of industries. Golub Capital BDC may also make subordinated debt and equity-related investments, allowing it to provide flexible financing solutions alongside private equity sponsors and other financial partners.

The company focuses primarily on middle-market businesses in the United States.