Keefe, Bruyette & Woods Cuts Golub Capital BDC (NASDAQ:GBDC) Price Target to $13.50

Golub Capital BDC (NASDAQ:GBDC) had its target price reduced by Keefe, Bruyette & Woods from $14.00 to $13.50 in a research note issued to investors on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the investment management company’s stock.

Several other analysts have also recently weighed in on the stock. Royal Bank Of Canada reduced their target price 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. Wall Street Zen cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Sunday, April 19th. Zacks Research raised shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $14.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.90.

Golub Capital BDC Trading Up 0.8%

GBDC opened at $13.17 on Wednesday. Golub Capital BDC has a 12 month low of $11.77 and a 12 month high of $14.93. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 20.26 and a beta of 0.39. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.33 and a quick ratio of 2.20. The business has a fifty day moving average price of $12.88 and a 200 day moving average price of $12.86.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $187.73 million for the quarter, compared to analyst estimates of $189.91 million. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%.During the same quarter last year, the company earned $0.39 EPS. Sell-side analysts expect that Golub Capital BDC will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 10.0%. The ex-dividend date is Monday, September 14th. Golub Capital BDC’s dividend payout ratio is currently 203.08%.

Institutional Trading of Golub Capital BDC

Institutional investors have recently modified their holdings of the stock. Keel Point LLC grew its stake in shares of Golub Capital BDC by 2.7% during the 2nd quarter. Keel Point LLC now owns 39,845 shares of the investment management company’s stock worth $584,000 after purchasing an additional 1,039 shares during the period. Ironsides Asset Advisors LLC lifted its stake in shares of Golub Capital BDC by 7.6% in the fourth quarter. Ironsides Asset Advisors LLC now owns 15,755 shares of the investment management company’s stock valued at $214,000 after purchasing an additional 1,113 shares during the period. Levin Capital Strategies L.P. boosted its holdings in Golub Capital BDC by 12.9% during the first quarter. Levin Capital Strategies L.P. now owns 11,628 shares of the investment management company’s stock worth $147,000 after buying an additional 1,328 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Golub Capital BDC by 1.3% during the fourth quarter. Cetera Investment Advisers now owns 106,374 shares of the investment management company’s stock worth $1,443,000 after buying an additional 1,361 shares in the last quarter. Finally, Mackenzie Financial Corp grew its position in Golub Capital BDC by 3.8% during the third quarter. Mackenzie Financial Corp now owns 42,767 shares of the investment management company’s stock worth $585,000 after buying an additional 1,557 shares during the period. Hedge funds and other institutional investors 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.