Golub Capital BDC, Inc. (NASDAQ:GBDC) Receives $14.00 Consensus Target Price from Analysts

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have earned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $14.00.

A number of analysts have commented on the stock. Wall Street Zen lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, April 19th. Oppenheimer reissued an “outperform” rating and set a $14.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Zacks Research raised Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. Finally, Royal Bank Of Canada lowered their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th.

Golub Capital BDC Stock Up 0.8%

NASDAQ GBDC opened at $13.02 on Friday. The business has a 50 day moving average price of $12.91 and a two-hundred day moving average price of $12.94. The stock has a market cap of $3.39 billion, a PE ratio of 16.91 and a beta of 0.39. Golub Capital BDC has a fifty-two week low of $11.77 and a fifty-two week high of $15.63. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.25.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly 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). Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.The firm had revenue of ($5.28) million during the quarter, compared to analyst estimates of $201.71 million. During the same quarter last year, the business posted $0.30 earnings per share. As a group, sell-side analysts predict that Golub Capital BDC will post 1.36 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 15th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date of this dividend was Monday, June 15th. Golub Capital BDC’s payout ratio is currently 171.43%.

Hedge Funds Weigh In On Golub Capital BDC

Hedge funds have recently added to or reduced their stakes in the stock. Family Wealth Partners LLC grew its position in Golub Capital BDC by 9.5% in the second quarter. Family Wealth Partners LLC now owns 79,906 shares of the investment management company’s stock valued at $1,029,000 after purchasing an additional 6,933 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of Golub Capital BDC by 2.1% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 323,215 shares of the investment management company’s stock worth $4,163,000 after acquiring an additional 6,509 shares in the last quarter. Orographic Financial Advisors LLC acquired a new position in Golub Capital BDC during the 1st quarter worth approximately $1,069,000. Sunbelt Securities Inc. acquired a new position in shares of Golub Capital BDC in the first quarter valued at approximately $139,000. Finally, Royal Bank of Canada raised its position in Golub Capital BDC by 2.4% during the 1st quarter. Royal Bank of Canada now owns 100,967 shares of the investment management company’s stock worth $1,278,000 after purchasing an additional 2,401 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

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.