Golub Capital BDC, Inc. (NASDAQ:GBDC) Receives $16.40 Average PT from Analysts

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have received a consensus rating of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $16.40.

A number of equities analysts have recently commented on the company. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday. Oppenheimer reissued an “outperform” rating and issued a $17.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Wells Fargo & Company reduced their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a research note on Wednesday, August 7th.

Golub Capital BDC Stock Performance

Shares of GBDC stock opened at $14.89 on Monday. The firm has a 50 day moving average of $14.98 and a two-hundred day moving average of $15.82. The stock has a market capitalization of $2.55 billion, a PE ratio of 7.33 and a beta of 0.53. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 1.06. Golub Capital BDC has a 52 week low of $13.95 and a 52 week high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Monday, August 5th. The investment management company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Golub Capital BDC had a net margin of 42.14% and a return on equity of 11.99%. The company had revenue of $171.27 million during the quarter, compared to analysts’ expectations of $205.24 million. During the same quarter last year, the business posted $0.44 earnings per share. On average, research analysts predict that Golub Capital BDC will post 1.92 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.56 annualized dividend and a dividend yield of 10.48%. Golub Capital BDC’s dividend payout ratio is presently 76.85%.

Insider Activity

In related news, Director Anita J. Rival purchased 26,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the purchase, the director now directly owns 95,000 shares of the company’s stock, valued at $1,368,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Golub Capital BDC news, CEO David Golub bought 20,000 shares of Golub Capital BDC stock in a transaction dated Monday, August 19th. The stock was acquired at an average cost of $14.70 per share, with a total value of $294,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,758,880 shares of the company’s stock, valued at $25,855,536. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anita J. Rival purchased 26,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the acquisition, the director now owns 95,000 shares of the company’s stock, valued at $1,368,000. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 146,000 shares of company stock worth $2,159,400. Corporate insiders own 2.70% of the company’s stock.

Institutional Trading of Golub Capital BDC

A number of institutional investors have recently added to or reduced their stakes in GBDC. Victory Capital Management Inc. acquired a new stake in shares of Golub Capital BDC during the 4th quarter valued at approximately $1,576,000. Private Advisor Group LLC raised its holdings in Golub Capital BDC by 74.3% during the fourth quarter. Private Advisor Group LLC now owns 30,472 shares of the investment management company’s stock worth $460,000 after purchasing an additional 12,992 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Golub Capital BDC by 2.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 91,227 shares of the investment management company’s stock worth $1,378,000 after purchasing an additional 1,930 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Golub Capital BDC by 5.9% in the fourth quarter. Wells Fargo & Company MN now owns 742,235 shares of the investment management company’s stock valued at $11,208,000 after purchasing an additional 41,270 shares during the last quarter. Finally, D.A. Davidson & CO. increased its position in shares of Golub Capital BDC by 13.5% in the fourth quarter. D.A. Davidson & CO. now owns 162,406 shares of the investment management company’s stock valued at $2,452,000 after buying an additional 19,348 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.