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

Golub Capital BDC, Inc. (NASDAQ:GBDC) has earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $14.00.

A number of research firms have weighed in on GBDC. Wells Fargo & Company decreased their target price on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Wall Street Zen cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, April 19th. Oppenheimer reaffirmed an “outperform” rating and set a $14.00 target price on shares of Golub Capital BDC in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research note on Friday, March 27th. Finally, Royal Bank Of Canada decreased their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th.

Institutional Trading of Golub Capital BDC

Several institutional investors have recently modified their holdings of GBDC. Main Street Group LTD bought a new stake in shares of Golub Capital BDC in the first quarter worth $47,000. Fifth Third Bancorp bought a new stake in shares of Golub Capital BDC in the first quarter worth $68,000. Advisory Services Network LLC bought a new stake in shares of Golub Capital BDC in the third quarter worth $77,000. Clearstead Advisors LLC grew its stake in shares of Golub Capital BDC by 48.6% in the fourth quarter. Clearstead Advisors LLC now owns 5,933 shares of the investment management company’s stock worth $81,000 after purchasing an additional 1,941 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Golub Capital BDC by 104.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,447 shares of the investment management company’s stock worth $87,000 after purchasing an additional 3,287 shares during the last quarter. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Performance

NASDAQ GBDC opened at $12.97 on Friday. The firm’s fifty day moving average price is $12.88 and its two-hundred day moving average price is $13.21. The stock has a market cap of $3.38 billion, a PE ratio of 16.84 and a beta of 0.41. Golub Capital BDC has a fifty-two week low of $11.77 and a fifty-two week high of $15.63. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.20 and a current ratio of 2.20.

Golub Capital BDC (NASDAQ:GBDC) last posted 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). The company had revenue of ($5.28) million for the quarter, compared to the consensus estimate of $201.71 million. Golub Capital BDC had a return on equity of 10.20% and a net margin of 24.64%.During the same period in the previous year, the firm posted $0.30 EPS. On average, equities analysts expect that Golub Capital BDC will post 1.36 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend is Monday, June 15th. Golub Capital BDC’s payout ratio is presently 171.43%.

Golub Capital BDC Company Profile

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.