Golub Capital BDC (NASDAQ:GBDC) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Golub Capital BDC (NASDAQ:GBDC) from a sell rating to a hold rating in a report published on Saturday morning.

A number of other research analysts have also commented on GBDC. Oppenheimer reiterated an “outperform” rating and issued a $14.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, May 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 report on Wednesday. Royal Bank Of Canada lowered their price target on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.90.

Golub Capital BDC Stock Up 0.8%

GBDC opened at $13.17 on Friday. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 20.26 and a beta of 0.39. Golub Capital BDC has a twelve month low of $11.77 and a twelve month high of $14.93. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.20 and a current ratio of 1.33. The firm’s 50-day simple moving average is $12.88 and its 200-day simple moving average is $12.86.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Monday, August 3rd. The investment management company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $187.73 million for the quarter, compared to analyst estimates of $189.91 million. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%.During the same period in the prior year, the company earned $0.39 EPS. Equities research analysts anticipate that Golub Capital BDC will post 1.36 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 14th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.32 dividend on an annualized basis and a yield of 10.0%. Golub Capital BDC’s dividend payout ratio is currently 203.08%.

Hedge Funds Weigh In On Golub Capital BDC

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its position in Golub Capital BDC by 41.4% during the first quarter. Royal Bank of Canada now owns 131,544 shares of the investment management company’s stock valued at $1,991,000 after purchasing an additional 38,534 shares in the last quarter. NewEdge Advisors LLC boosted its position in Golub Capital BDC by 19.7% during the 1st quarter. NewEdge Advisors LLC now owns 43,534 shares of the investment management company’s stock worth $659,000 after buying an additional 7,178 shares during the period. Empowered Funds LLC grew its stake in shares of Golub Capital BDC by 140.0% in the first quarter. Empowered Funds LLC now owns 27,411 shares of the investment management company’s stock worth $415,000 after purchasing an additional 15,988 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Golub Capital BDC in the 1st quarter valued at about $6,491,000. Finally, Focus Partners Wealth increased its position in Golub Capital BDC by 24.9% during the 1st quarter. Focus Partners Wealth now owns 33,355 shares of the investment management company’s stock valued at $505,000 after purchasing an additional 6,658 shares during the period. 42.38% of the stock is currently owned by institutional investors and hedge funds.

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.