Golub Capital BDC, Inc. (GBDC) Given Average Recommendation of “Hold” by Analysts
Golub Capital BDC, Inc. (NASDAQ:GBDC) has received an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $19.83.
A number of analysts have weighed in on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $19.50 price target on shares of Golub Capital BDC in a research report on Tuesday, July 25th. BidaskClub cut Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Friday, July 28th. National Securities reissued a “neutral” rating and set a $19.00 price objective on shares of Golub Capital BDC in a report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Tuesday.
Golub Capital BDC (NASDAQ GBDC) traded up 0.53% on Wednesday, reaching $18.87. The company had a trading volume of 99,279 shares. Golub Capital BDC has a one year low of $17.34 and a one year high of $20.50. The company has a 50-day moving average of $18.71 and a 200 day moving average of $19.46.
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 for the quarter, beating the consensus estimate of $0.32 by $0.03. Golub Capital BDC had a return on equity of 7.86% and a net margin of 53.62%. The company had revenue of $35.40 million for the quarter, compared to analyst estimates of $35.11 million. During the same period in the prior year, the company posted $0.35 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. Equities analysts expect that Golub Capital BDC will post $1.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Wednesday, September 6th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date of this dividend was Friday, September 1st. Golub Capital BDC’s dividend payout ratio (DPR) is currently 96.24%.
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In other Golub Capital BDC news, Director William M. Iv Webster purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was purchased at an average cost of $18.46 per share, with a total value of $92,300.00. Following the acquisition, the director now directly owns 136,514 shares of the company’s stock, valued at approximately $2,520,048.44. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 2.40% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. Frontier Investment Mgmt Co. grew its holdings in shares of Golub Capital BDC by 7.0% during the second quarter. Frontier Investment Mgmt Co. now owns 653,251 shares of the investment management company’s stock worth $12,490,000 after purchasing an additional 42,665 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Golub Capital BDC in the second quarter valued at $449,000. Shelton Capital Management increased its stake in shares of Golub Capital BDC by 71.4% in the second quarter. Shelton Capital Management now owns 60,000 shares of the investment management company’s stock valued at $1,147,000 after buying an additional 25,000 shares in the last quarter. Williams Jones & Associates LLC increased its stake in shares of Golub Capital BDC by 62.0% in the second quarter. Williams Jones & Associates LLC now owns 40,500 shares of the investment management company’s stock valued at $774,000 after buying an additional 15,500 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Golub Capital BDC by 24.5% in the second quarter. Royal Bank of Canada now owns 46,950 shares of the investment management company’s stock valued at $898,000 after buying an additional 9,241 shares in the last quarter. 41.58% of the stock is currently owned by institutional investors.
About Golub Capital BDC
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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