Golub Capital BDC, Inc. (GBDC) Given Average Recommendation of “Hold” by Brokerages
Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have earned an average rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $18.83.
Several equities research analysts recently issued reports on the stock. National Securities reaffirmed a “neutral” rating and issued a $19.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, August 9th. BidaskClub downgraded shares of Golub Capital BDC from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $19.50 target price on shares of Golub Capital BDC in a report on Tuesday, July 25th.
In related news, Director William M. Iv Webster bought 5,000 shares of Golub Capital BDC stock in a transaction dated Friday, September 1st. The shares were bought at an average cost of $18.46 per share, for a total transaction of $92,300.00. Following the completion of the transaction, the director now owns 136,514 shares of the company’s stock, valued at $2,520,048.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.40% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of GBDC. Muzinich & Co. Inc. raised its stake in shares of Golub Capital BDC by 38.0% during the first quarter. Muzinich & Co. Inc. now owns 2,248,315 shares of the investment management company’s stock worth $44,697,000 after buying an additional 619,422 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Golub Capital BDC by 19.1% during the first quarter. Bank of New York Mellon Corp now owns 2,734,145 shares of the investment management company’s stock worth $54,355,000 after buying an additional 439,011 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Golub Capital BDC during the second quarter worth approximately $7,342,000. UBS Group AG raised its stake in shares of Golub Capital BDC by 19.6% during the first quarter. UBS Group AG now owns 1,664,292 shares of the investment management company’s stock worth $33,086,000 after buying an additional 272,717 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its stake in shares of Golub Capital BDC by 58.2% during the second quarter. First Eagle Investment Management LLC now owns 543,700 shares of the investment management company’s stock worth $10,396,000 after buying an additional 200,000 shares during the last quarter. 41.62% of the stock is owned by institutional investors and hedge funds.
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Shares of Golub Capital BDC (NASDAQ GBDC) traded up 0.11% during mid-day trading on Friday, reaching $18.26. The company had a trading volume of 161,563 shares. Golub Capital BDC has a 52-week low of $17.34 and a 52-week high of $20.50. The company’s 50-day moving average is $19.11 and its 200 day moving average is $19.51.
Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Monday, August 7th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. Golub Capital BDC had a net margin of 53.62% and a return on equity of 7.86%. The business had revenue of $35.40 million during the quarter, compared to analyst estimates of $35.11 million. During the same quarter in the previous year, the business earned $0.35 EPS. Golub Capital BDC’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts predict that Golub Capital BDC will post $1.25 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 6th will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $1.28 dividend on an annualized basis and a yield of 7.01%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 96.24%.
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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