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

Golub Capital BDC, Inc. (NASDAQ:GBDC) has been given an average rating of “Moderate Buy” by the seven analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $13.90.

GBDC has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Wednesday, June 24th. Zacks Research raised Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Keefe, Bruyette & Woods decreased their target price on Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating for the company in a research report on Wednesday, August 5th. Finally, Wall Street Zen upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $13.00 on Monday. The firm’s 50 day simple moving average is $13.01 and its 200 day simple moving average is $12.85. The company has a market capitalization of $3.38 billion, a P/E ratio of 20.00 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 1.33. Golub Capital BDC has a 1-year low of $11.77 and a 1-year high of $14.85.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The business had revenue of $98.53 million during the quarter, compared to analyst estimates of $189.91 million. Golub Capital BDC had a net margin of 21.45% and a return on equity of 9.91%. During the same period in the previous year, the business posted $0.39 earnings per share. Sell-side analysts forecast that Golub Capital BDC will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 14th will be issued a $0.33 dividend. The ex-dividend date is Monday, September 14th. This represents a $1.32 annualized dividend and a yield of 10.2%. Golub Capital BDC’s dividend payout ratio (DPR) is currently 203.08%.

Insider Transactions at Golub Capital BDC

In other Golub Capital BDC news, Director Lawrence Golub sold 1,676,387 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $13.06, for a total transaction of $21,893,614.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GBDC. Corient Private Wealth LP purchased a new stake in Golub Capital BDC in the 2nd quarter worth $50,833,000. OMERS ADMINISTRATION Corp purchased a new stake in Golub Capital BDC during the second quarter valued at $47,015,000. Bank of America Corp DE bought a new position in shares of Golub Capital BDC in the 2nd quarter valued at about $43,696,000. Lalia Capital LLC purchased a new stake in Golub Capital BDC during the 2nd quarter valued at $33,556,000. Finally, Legal & General Group Plc bought a new stake in shares of Golub Capital BDC in the 2nd quarter worth about $31,483,000. 42.38% of the stock is currently owned by 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.