Golub Capital BDC, Inc. (NASDAQ:GBDC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $16.38.

A number of equities analysts have recently issued reports on the stock. StockNews.com downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Wells Fargo & Company dropped 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 research note on Thursday, November 21st.

Golub Capital BDC Stock Performance

Shares of NASDAQ:GBDC opened at $15.03 on Monday. The firm has a market cap of $3.99 billion, a PE ratio of 10.89 and a beta of 0.50. The firm’s 50 day simple moving average is $15.45 and its 200-day simple moving average is $15.27. Golub Capital BDC has a one year low of $14.05 and a one year high of $17.72. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Tuesday, February 4th. The investment management company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. As a group, equities analysts predict that Golub Capital BDC will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a $0.39 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.56 annualized dividend and a yield of 10.38%. Golub Capital BDC’s dividend payout ratio (DPR) is 113.04%.

Institutional Investors Weigh In On Golub Capital BDC

Institutional investors have recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in Golub Capital BDC by 413.1% in the fourth quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company’s stock valued at $36,000 after acquiring an additional 1,921 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Golub Capital BDC by 36.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock valued at $47,000 after acquiring an additional 827 shares in the last quarter. Optiver Holding B.V. boosted its stake in Golub Capital BDC by 28.7% in the fourth quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company’s stock valued at $47,000 after acquiring an additional 688 shares in the last quarter. Hurley Capital LLC acquired a new stake in Golub Capital BDC in the fourth quarter valued at approximately $50,000. Finally, Cornerstone Wealth Management LLC acquired a new stake in Golub Capital BDC in the fourth quarter valued at approximately $160,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

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.