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

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $14.00.

A number of research firms have issued reports on GBDC. Zacks Research downgraded Golub Capital BDC from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Oppenheimer reiterated an “outperform” rating and issued a $14.00 price objective on shares of Golub Capital BDC in a report on Wednesday, May 6th. Wall Street Zen downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Sunday, April 19th. Royal Bank Of Canada decreased their price objective on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a report on Friday, March 27th.

Hedge Funds Weigh In On Golub Capital BDC

Several institutional investors and hedge funds have recently modified their holdings of GBDC. Main Street Group LTD bought a new position in shares of Golub Capital BDC during the first quarter valued at $47,000. Fifth Third Bancorp bought a new position in shares of Golub Capital BDC during the first quarter valued at $68,000. Advisory Services Network LLC bought a new position in shares of Golub Capital BDC during the third quarter valued at $77,000. Clearstead Advisors LLC increased its holdings in shares of Golub Capital BDC by 48.6% during the fourth quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company’s stock valued at $81,000 after acquiring an additional 1,941 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Golub Capital BDC by 104.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,447 shares of the investment management company’s stock valued at $87,000 after acquiring an additional 3,287 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors.

Golub Capital BDC Price Performance

Shares of Golub Capital BDC stock opened at $12.72 on Tuesday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.25. The company has a market cap of $3.31 billion, a PE ratio of 16.52 and a beta of 0.39. The business has a 50 day moving average of $13.11 and a 200 day moving average of $13.12. Golub Capital BDC has a 52 week low of $11.77 and a 52 week high of $15.63.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Monday, May 4th. The investment management company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of ($5.28) million for the quarter, compared to the consensus estimate of $201.71 million. Golub Capital BDC had a net margin of 24.64% and a return on equity of 10.20%. During the same quarter in the prior year, the company earned $0.30 EPS. As a group, equities research analysts forecast that Golub Capital BDC will post 1.36 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, June 15th. This represents a $1.32 annualized dividend and a dividend yield of 10.4%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 171.43%.

About Golub Capital BDC

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.