Golub Capital BDC, Inc. (NASDAQ:GBDC) Receives Average Rating of “Buy” from Analysts

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have been assigned a consensus recommendation of “Buy” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $14.3750.

GBDC has been the topic of several research reports. Lucid Cap Mkts raised Golub Capital BDC to a “strong-buy” rating in a report on Thursday, January 15th. Wall Street Zen lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, March 15th. Capital One Financial set a $15.00 price objective on shares of Golub Capital BDC in a research note on Thursday, January 15th. Wells Fargo & Company dropped their target price on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, February 6th.

Institutional Investors Weigh In On Golub Capital BDC

Large investors have recently bought and sold shares of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Golub Capital BDC during the third quarter worth $33,000. CWM LLC lifted its position in shares of Golub Capital BDC by 13,588.0% in the third quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock valued at $47,000 after acquiring an additional 3,397 shares in the last quarter. Main Street Group LTD acquired a new stake in shares of Golub Capital BDC during the third quarter valued at $51,000. Advisory Services Network LLC acquired a new stake in shares of Golub Capital BDC during the 3rd quarter worth about $77,000. Finally, Farther Finance Advisors LLC acquired a new stake in Golub Capital BDC during the third quarter worth approximately $78,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC opened at $12.50 on Thursday. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 10.00 and a beta of 0.39. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.24 and a quick ratio of 2.24. The business’s 50 day simple moving average is $12.58 and its 200-day simple moving average is $13.40. Golub Capital BDC has a 12 month low of $11.77 and a 12 month high of $15.63.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Wednesday, February 4th. The investment management company reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The firm had revenue of $110.18 million during the quarter, compared to the consensus estimate of $208.89 million. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.During the same period last year, the business posted $0.42 EPS. As a group, equities analysts forecast that Golub Capital BDC will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, March 13th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 10.6%. The ex-dividend date was Friday, March 13th. Golub Capital BDC’s payout ratio is currently 105.60%.

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.