Golub Capital BDC (NASDAQ:GBDC) Price Target Lowered to $15.50 at Keefe, Bruyette & Woods

Golub Capital BDC (NASDAQ:GBDC) had its target price lowered by Keefe, Bruyette & Woods from $16.50 to $15.50 in a research note released on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the investment management company’s stock.

Separately, StockNews.com cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Golub Capital BDC presently has a consensus rating of “Hold” and an average target price of $15.83.

Golub Capital BDC Stock Down 3.1 %

Golub Capital BDC stock opened at $13.64 on Tuesday. The company has a market capitalization of $3.62 billion, a PE ratio of 9.88 and a beta of 0.33. Golub Capital BDC has a 12-month low of $12.68 and a 12-month high of $17.72. The firm’s fifty day moving average is $15.09 and its 200 day moving average is $15.21. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. As a group, sell-side analysts predict that Golub Capital BDC will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 11.44%. The ex-dividend date was Monday, March 3rd. Golub Capital BDC’s payout ratio is presently 113.04%.

Hedge Funds Weigh In On Golub Capital BDC

Several large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its holdings in Golub Capital BDC by 413.1% during the 4th quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company’s stock worth $36,000 after purchasing an additional 1,921 shares in the last quarter. Future Financial Wealth Managment LLC boosted its position in shares of Golub Capital BDC by 130.0% during the first quarter. Future Financial Wealth Managment LLC now owns 2,990 shares of the investment management company’s stock valued at $45,000 after buying an additional 1,690 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Golub Capital BDC by 36.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock worth $47,000 after buying an additional 827 shares in the last quarter. Optiver Holding B.V. raised its position in Golub Capital BDC by 28.7% in the 4th quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company’s stock valued at $47,000 after buying an additional 688 shares during the last quarter. Finally, Hurley Capital LLC bought a new position in Golub Capital BDC during the 4th quarter valued at $50,000. 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.