Golub Capital BDC, Inc. (NASDAQ:GBDC) Stock Rated “Moderate Buy” by Sell-Side Analysts

Golub Capital BDC, Inc. (NASDAQ:GBDC – Get Free Report) has been given a consensus rating of “Moderate Buy” by the seven analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $13.90.

Several brokerages have recently commented on GBDC. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a report on Monday, September 21st. Wall Street Zen raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. 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. Finally, Keefe, Bruyette & Woods reduced their target price on shares of 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.

View Our Latest Stock Analysis on GBDC

Insider Activity

In related news, Director Lawrence Golub sold 1,676,387 shares of Golub Capital BDC stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $13.06, for a total value of $21,893,614.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Golub Capital BDC

Large investors have recently modified their holdings of the company. Corient Private Wealth LP bought a new stake in Golub Capital BDC during the 2nd quarter worth approximately $50,833,000. OMERS ADMINISTRATION Corp bought a new position in shares of Golub Capital BDC in the second quarter worth $47,015,000. Bank of America Corp DE purchased a new stake in shares of Golub Capital BDC in the second quarter worth $43,696,000. Lalia Capital LLC purchased a new stake in shares of Golub Capital BDC in the second quarter worth $33,556,000. Finally, Legal & General Group Plc bought a new stake in Golub Capital BDC during the second quarter valued at $31,483,000. 42.38% of the stock is currently owned by institutional investors.

Golub Capital BDC Stock Up 1.3%

GBDC stock opened at $12.65 on Friday. The firm has a market capitalization of $3.28 billion, a PE ratio of 19.46 and a beta of 0.39. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.22. Golub Capital BDC has a twelve month low of $11.77 and a twelve month high of $14.40. The stock’s 50 day moving average is $12.89 and its 200-day moving average is $12.90.

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

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 10.4%. The ex-dividend date of this dividend was Monday, September 14th. Golub Capital BDC’s dividend payout ratio is 203.08%.

About Golub Capital BDC

(Get Free Report)

Golub Capital BDC, Inc (NASDAQ: GBDC) is a business development company that invests in and provides financing to middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation by making investments in privately held businesses.

Its investment portfolio primarily consists of senior secured loans, including first-lien and unitranche loans, as well as second-lien debt, subordinated debt and equity investments. Golub Capital BDC generally works with companies across a range of industries and may support acquisitions, recapitalizations, refinancings, growth initiatives and other corporate financing needs.

Golub Capital BDC was established in 2010 and is externally managed by GC Advisors LLC, an affiliate of Golub Capital, a private credit asset manager.

Further Reading

Analyst Recommendations for Golub Capital BDC (NASDAQ:GBDC)

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