Research analysts at Janney Montgomery Scott initiated coverage on shares of Golub Capital BDC Inc. (NASDAQ:GBDC) in a note issued to investors on Tuesday. The brokerage set a “neutral” rating and a $18.00 price target on the investment management company’s stock. Janney Montgomery Scott’s price target suggests a potential downside of 3.74% from the stock’s current price.

A number of other research firms have also issued reports on GBDC. Zacks Investment Research lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, August 4th. TheStreet raised Golub Capital BDC from a “hold” rating to a “buy” rating in a report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.88.

Shares of Golub Capital BDC (NASDAQ:GBDC) traded up 0.54% during midday trading on Tuesday, hitting $18.70. 158,970 shares of the company’s stock traded hands. The company has a 50 day moving average of $18.80 and a 200 day moving average of $17.86. Golub Capital BDC has a 52 week low of $14.80 and a 52 week high of $19.76.

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Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Wednesday, August 3rd. The investment management company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.03. Golub Capital BDC had a return on equity of 7.75% and a net margin of 57.18%. The business had revenue of $32.10 million for the quarter, compared to the consensus estimate of $33.01 million. During the same period last year, the business earned $0.36 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. On average, equities analysts anticipate that Golub Capital BDC will post $1.28 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Monday, September 5th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 6.84%. The ex-dividend date is Wednesday, August 31st. Golub Capital BDC’s payout ratio is presently 90.78%.

In other news, Director John Thomas Baily sold 6,469 shares of Golub Capital BDC stock in a transaction that occurred on Saturday, July 30th. The stock was sold at an average price of $17.09, for a total transaction of $110,555.21. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.50% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada raised its stake in shares of Golub Capital BDC by 338.5% in the first quarter. Royal Bank of Canada now owns 27,757 shares of the investment management company’s stock valued at $481,000 after buying an additional 21,427 shares during the last quarter. BlackRock Group LTD raised its stake in shares of Golub Capital BDC by 7.3% in the first quarter. BlackRock Group LTD now owns 240,558 shares of the investment management company’s stock valued at $4,164,000 after buying an additional 16,287 shares during the last quarter. Commonwealth Equity Services Inc raised its stake in shares of Golub Capital BDC by 11.1% in the second quarter. Commonwealth Equity Services Inc now owns 43,376 shares of the investment management company’s stock valued at $784,000 after buying an additional 4,348 shares during the last quarter. First Republic Investment Management Inc. raised its stake in shares of Golub Capital BDC by 1.3% in the first quarter. First Republic Investment Management Inc. now owns 148,901 shares of the investment management company’s stock valued at $2,578,000 after buying an additional 1,859 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Golub Capital BDC by 26.3% in the first quarter. Legal & General Group Plc now owns 99,432 shares of the investment management company’s stock valued at $1,720,000 after buying an additional 20,696 shares during the last quarter. 42.47% of the stock is currently owned by institutional investors.

About Golub Capital BDC

Golub Capital BDC Inc is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured, one stop, second lien and subordinated loans of, and warrants and minority equity securities in, United States middle market companies.

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