Golub Capital BDC, Inc. (NASDAQ:GBDC) Receives $14.00 Average PT from Brokerages

Golub Capital BDC, Inc. (NASDAQ:GBDC) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $14.00.

GBDC has been the topic of several recent analyst reports. Zacks Research downgraded shares of Golub Capital BDC from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a report on Friday, March 27th. Wall Street Zen downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Sunday, April 19th. Oppenheimer reaffirmed an “outperform” rating and set a $14.00 price objective on shares of Golub Capital BDC in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada decreased their price objective on shares of 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 Performance

GBDC opened at $12.29 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 $3.20 billion, a price-to-earnings ratio of 15.96 and a beta of 0.39. Golub Capital BDC has a 52-week low of $11.77 and a 52-week high of $15.63. The firm’s fifty day simple moving average is $13.08 and its two-hundred day simple moving average is $13.06.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Monday, May 4th. The investment management company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of ($5.28) million for the quarter, compared to analysts’ expectations 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 period in the previous year, the business earned $0.30 earnings per share. Equities analysts anticipate that Golub Capital BDC will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 10.7%. The ex-dividend date of this dividend is Monday, June 15th. Golub Capital BDC’s dividend payout ratio (DPR) is currently 171.43%.

Hedge Funds Weigh In On Golub Capital BDC

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

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.