Golub Capital BDC Inc. (NASDAQ:GBDC) has been assigned an average broker rating score of 2.40 (Buy) from the five brokers that cover the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Golub Capital BDC’s rating score has declined by 10.6% from three months ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 12 month consensus price objective of $18.25 for the company and are predicting that the company will post $0.32 EPS for the current quarter, according to Zacks. Zacks has also assigned Golub Capital BDC an industry rank of 222 out of 265 based on the ratings given to related companies.
GBDC has been the topic of several research reports. Zacks Investment Research downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, August 4th. TheStreet raised Golub Capital BDC from a “hold” rating to a “buy” rating in a report on Wednesday, August 10th. Finally, Janney Montgomery Scott assumed coverage on Golub Capital BDC in a report on Tuesday, September 20th. They set a “neutral” rating and a $18.00 price objective on the stock.
Golub Capital BDC (NASDAQ:GBDC) traded down 0.85% during mid-day trading on Thursday, reaching $18.63. The company had a trading volume of 94,207 shares. Golub Capital BDC has a 12 month low of $14.80 and a 12 month high of $19.76. The firm’s 50-day moving average price is $18.79 and its 200-day moving average price is $17.93.
Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Wednesday, August 3rd. The investment management company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. Golub Capital BDC had a return on equity of 7.75% and a net margin of 57.18%. The firm had revenue of $32.10 million for the quarter, compared to the consensus estimate of $33.01 million. During the same quarter in the prior year, the business earned $0.36 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities analysts anticipate that Golub Capital BDC will post $1.28 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Monday, September 5th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.81%. The ex-dividend date of this dividend is Wednesday, August 31st. Golub Capital BDC’s dividend payout ratio (DPR) is currently 90.78%.
In related news, Director John Thomas Baily purchased 8,250 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were bought at an average price of $18.35 per share, with a total value of $151,387.50. Following the purchase, the director now directly owns 23,179 shares in the company, valued at approximately $425,334.65. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.50% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services Inc raised its position in Golub Capital BDC by 2.5% in the first quarter. Commonwealth Equity Services Inc now owns 39,028 shares of the investment management company’s stock valued at $676,000 after buying an additional 951 shares in the last quarter. BlackRock Group LTD raised its position in Golub Capital BDC by 7.3% in the first quarter. BlackRock Group LTD now owns 240,558 shares of the investment management company’s stock valued at $4,164,000 after buying an additional 16,287 shares in the last quarter. Berkeley Capital Partners LLC acquired a new position in Golub Capital BDC during the first quarter valued at $640,000. UBS Group AG raised its position in Golub Capital BDC by 2.1% in the first quarter. UBS Group AG now owns 1,281,784 shares of the investment management company’s stock valued at $22,188,000 after buying an additional 25,806 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Golub Capital BDC by 26.3% in the first quarter. Legal & General Group Plc now owns 99,432 shares of the investment management company’s stock valued at $1,720,000 after buying an additional 20,696 shares in the last quarter. Institutional investors and hedge funds own 42.47% of the company’s stock.
About Golub Capital BDC
Golub Capital BDC Inc is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured, one stop, second lien and subordinated loans of, and warrants and minority equity securities in, United States middle market companies.
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