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

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have been given an average rating of “Moderate Buy” by the five analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $16.40.

A number of research analysts recently issued reports on the stock. StockNews.com downgraded shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Raymond James lifted their price objective on shares of Golub Capital BDC from $16.00 to $16.50 and gave the company an “outperform” rating in a report on Tuesday, January 23rd. Bank of America raised shares of Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Monday, March 25th. Finally, Wells Fargo & Company lifted their price objective on shares of Golub Capital BDC from $15.00 to $15.50 and gave the company an “equal weight” rating in a report on Monday, January 29th.

Golub Capital BDC Trading Down 0.2 %

NASDAQ GBDC opened at $16.59 on Friday. The company has a market capitalization of $2.85 billion, a PE ratio of 9.12 and a beta of 0.57. The company has a fifty day moving average of $16.07 and a 200 day moving average of $15.31. Golub Capital BDC has a 1 year low of $12.77 and a 1 year high of $16.83. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.15 and a quick ratio of 3.15.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Monday, February 5th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The business had revenue of $164.77 million for the quarter, compared to analyst estimates of $160.93 million. Golub Capital BDC had a net margin of 48.94% and a return on equity of 12.53%. Research analysts forecast that Golub Capital BDC will post 1.95 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The business also recently announced a Variable dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 15th were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, February 14th. Golub Capital BDC’s dividend payout ratio is currently 85.71%.

Institutional Trading of Golub Capital BDC

Institutional investors and hedge funds have recently modified their holdings of the stock. Neo Ivy Capital Management purchased a new stake in shares of Golub Capital BDC during the second quarter worth about $30,000. Private Trust Co. NA increased its stake in shares of Golub Capital BDC by 1,005.0% during the fourth quarter. Private Trust Co. NA now owns 2,199 shares of the investment management company’s stock worth $33,000 after purchasing an additional 2,000 shares in the last quarter. US Bancorp DE increased its stake in shares of Golub Capital BDC by 45.0% during the fourth quarter. US Bancorp DE now owns 2,296 shares of the investment management company’s stock worth $35,000 after purchasing an additional 713 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of Golub Capital BDC during the first quarter worth about $38,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Golub Capital BDC by 77.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,463 shares of the investment management company’s stock worth $52,000 after purchasing an additional 1,508 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

About Golub Capital BDC

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.