Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC – Get Free Report) have received an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $14.00.
Several equities analysts recently commented on GBDC shares. Oppenheimer reiterated an “outperform” rating and issued a $14.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, May 6th. Wall Street Zen downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. Zacks Research upgraded Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada dropped their price target on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th.
Institutional Investors Weigh In On Golub Capital BDC
Golub Capital BDC Stock Performance
GBDC traded up $0.20 during midday trading on Friday, reaching $12.92. The company had a trading volume of 780,027 shares, compared to its average volume of 1,203,326. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a market cap of $3.37 billion, a PE ratio of 16.78 and a beta of 0.39. Golub Capital BDC has a 12-month low of $11.77 and a 12-month high of $15.63. The business has a 50-day moving average price of $12.94 and a two-hundred day moving average price of $12.95.
Golub Capital BDC (NASDAQ:GBDC – Get Free Report) last released its earnings results on Monday, May 4th. The investment management company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Golub Capital BDC had a net margin of 24.64% and a return on equity of 10.20%. The company had revenue of ($5.28) million for the quarter, compared to the consensus estimate of $201.71 million. During the same period in the prior year, the company earned $0.30 earnings per share. On average, 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 company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 15th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 10.2%. The ex-dividend date was Monday, June 15th. Golub Capital BDC’s payout ratio is currently 171.43%.
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.
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