Golub Capital BDC, Inc. (GBDC) Receives Average Recommendation of “Hold” from Brokerages
Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $18.67.
A number of research analysts recently commented on the stock. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Golub Capital BDC in a research report on Wednesday, May 10th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. National Securities reiterated a “neutral” rating and set a $19.00 price target (up previously from $10.00) on shares of Golub Capital BDC in a research note on Thursday, May 11th. BidaskClub upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, UBS AG upgraded shares of Golub Capital BDC from a “market perform” rating to an “outperform” rating in a research note on Monday, March 27th.
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A number of hedge funds have recently modified their holdings of the company. Global X Management Co. LLC boosted its stake in shares of Golub Capital BDC by 50.4% in the first quarter. Global X Management Co. LLC now owns 6,728 shares of the investment management company’s stock worth $134,000 after buying an additional 2,254 shares in the last quarter. IHT Wealth Management LLC boosted its stake in shares of Golub Capital BDC by 22.7% in the first quarter. IHT Wealth Management LLC now owns 12,420 shares of the investment management company’s stock worth $246,000 after buying an additional 2,300 shares in the last quarter. Massey Quick & Co. LLC boosted its stake in shares of Golub Capital BDC by 2.5% in the first quarter. Massey Quick & Co. LLC now owns 15,275 shares of the investment management company’s stock worth $304,000 after buying an additional 375 shares in the last quarter. Evanson Asset Management LLC acquired a new stake in shares of Golub Capital BDC during the second quarter worth $297,000. Finally, Sigma Planning Corp acquired a new stake in shares of Golub Capital BDC during the first quarter worth $327,000. Hedge funds and other institutional investors own 45.18% of the company’s stock.
Golub Capital BDC (GBDC) traded up 0.15% on Friday, reaching $19.59. 38,635 shares of the company were exchanged. Golub Capital BDC has a 52 week low of $17.34 and a 52 week high of $20.50. The stock has a 50-day moving average price of $19.41 and a 200 day moving average price of $19.42.
Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Thursday, May 4th. The investment management company reported $0.32 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.32. The firm had revenue of $33.56 million for the quarter, compared to the consensus estimate of $35.66 million. Golub Capital BDC had a net margin of 55.30% and a return on equity of 7.67%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm posted $0.33 EPS. Equities analysts expect that Golub Capital BDC will post $1.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 29th. Investors of record on Tuesday, June 6th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date of this dividend was Friday, June 2nd. Golub Capital BDC’s dividend payout ratio is currently 93.43%.
Golub Capital BDC Company Profile
Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.
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