Golub Capital BDC, Inc. (NASDAQ:GBDC) Receives $14.38 Consensus Price Target from Brokerages

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have received a consensus rating of “Buy” from the five brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $14.3750.

GBDC has been the subject of several analyst reports. Wall Street Zen downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Keefe, Bruyette & Woods 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 research report on Friday, February 6th. Lucid Cap Mkts upgraded shares of Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. Wells Fargo & Company dropped their target price on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Finally, Capital One Financial set a $15.00 target price on Golub Capital BDC in a research note on Thursday, January 15th.

Golub Capital BDC Stock Down 0.6%

GBDC stock opened at $12.63 on Wednesday. The firm has a market capitalization of $3.32 billion, a PE ratio of 10.10 and a beta of 0.43. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.25. Golub Capital BDC has a twelve month low of $12.28 and a twelve month high of $16.00. The stock’s 50 day moving average is $13.50 and its 200-day moving average is $13.97.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.The business had revenue of $110.18 million during the quarter, compared to analyst estimates of $208.89 million. During the same period in the prior year, the firm posted $0.42 EPS. Sell-side analysts expect that Golub Capital BDC will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be given a $0.33 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.32 annualized dividend and a yield of 10.5%. Golub Capital BDC’s payout ratio is currently 105.60%.

Institutional Investors Weigh In On Golub Capital BDC

Several large investors have recently made changes to their positions in GBDC. Comprehensive Money Management Services LLC grew its position in Golub Capital BDC by 7.8% during the third quarter. Comprehensive Money Management Services LLC now owns 12,500 shares of the investment management company’s stock valued at $171,000 after buying an additional 900 shares during the period. Colton Groome Financial Advisors LLC raised its position in Golub Capital BDC by 9.0% in the third quarter. Colton Groome Financial Advisors LLC now owns 11,078 shares of the investment management company’s stock worth $152,000 after acquiring an additional 913 shares during the period. Chicago Partners Investment Group LLC boosted its stake in Golub Capital BDC by 1.7% in the second quarter. Chicago Partners Investment Group LLC now owns 58,032 shares of the investment management company’s stock valued at $898,000 after acquiring an additional 971 shares during the last quarter. Amplius Wealth Advisors LLC boosted its stake in Golub Capital BDC by 2.0% in the second quarter. Amplius Wealth Advisors LLC now owns 52,158 shares of the investment management company’s stock valued at $764,000 after acquiring an additional 1,001 shares during the last quarter. Finally, Anchor Investment Management LLC grew its position in shares of Golub Capital BDC by 0.4% during the 2nd quarter. Anchor Investment Management LLC now owns 280,435 shares of the investment management company’s stock valued at $4,108,000 after acquiring an additional 1,012 shares during the period. 42.38% of the stock is owned by hedge funds and other institutional investors.

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.