Golub Capital BDC, Inc. (NASDAQ:GBDC) Given Consensus Recommendation of “Buy” by Analysts

Golub Capital BDC, Inc. (NASDAQ:GBDC) has received an average recommendation of “Buy” from the five research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong 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 $14.8750.

Several brokerages have recently weighed in on GBDC. Keefe, Bruyette & Woods reduced their price target on Golub Capital BDC from $15.50 to $15.00 and set an “outperform” rating on the stock in a report on Friday, November 21st. Wall Street Zen raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Capital One Financial set a $15.00 target price on Golub Capital BDC in a research report on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research note on Monday, December 29th. Finally, Lucid Cap Mkts raised shares of Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th.

Institutional Trading of Golub Capital BDC

A number of large investors have recently modified their holdings of the company. Eagle Bay Advisors LLC increased its holdings in Golub Capital BDC by 0.3% during the 2nd quarter. Eagle Bay Advisors LLC now owns 261,033 shares of the investment management company’s stock worth $3,824,000 after purchasing an additional 708 shares during the period. Comprehensive Money Management Services LLC lifted its holdings in shares of Golub Capital BDC by 7.8% in the 3rd quarter. Comprehensive Money Management Services LLC now owns 12,500 shares of the investment management company’s stock worth $171,000 after buying an additional 900 shares during the period. Colton Groome Financial Advisors LLC grew its position in shares of Golub Capital BDC by 9.0% during the 3rd quarter. Colton Groome Financial Advisors LLC now owns 11,078 shares of the investment management company’s stock worth $152,000 after buying an additional 913 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of Golub Capital BDC by 1.7% during the second quarter. Chicago Partners Investment Group LLC now owns 58,032 shares of the investment management company’s stock valued at $898,000 after buying an additional 971 shares during the period. Finally, Perigon Wealth Management LLC raised its holdings in shares of Golub Capital BDC by 9.0% in the second quarter. Perigon Wealth Management LLC now owns 11,894 shares of the investment management company’s stock valued at $174,000 after acquiring an additional 983 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $13.80 on Friday. Golub Capital BDC has a 12-month low of $12.68 and a 12-month high of $16.00. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.23. The firm has a 50-day moving average price of $13.77 and a 200-day moving average price of $14.22. The firm has a market capitalization of $3.64 billion, a PE ratio of 9.72 and a beta of 0.43.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Tuesday, November 18th. The investment management company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $217.84 million for the quarter, compared to the consensus estimate of $220.54 million. Golub Capital BDC had a net margin of 43.25% and a return on equity of 10.40%. The firm’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 EPS. As a group, equities research analysts forecast that Golub Capital BDC will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 12th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.3%. Golub Capital BDC’s dividend payout ratio (DPR) is 109.86%.

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.