Golub Capital BDC, Inc. (NASDAQ:GBDC) Stock Has Consensus Target Price of $13.90

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

GBDC has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a report on Monday. Keefe, Bruyette & Woods lowered their price objective on shares of Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. Zacks Research upgraded shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Finally, Wall Street Zen raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th.

Insiders Place Their Bets

In other news, Director Lawrence Golub sold 1,676,387 shares of Golub Capital BDC stock in a transaction that occurred on 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 SEC, which is available through this link. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Golub Capital BDC

Hedge funds and other institutional investors have recently made changes to their positions in the business. Levin Capital Strategies L.P. lifted its holdings in shares of Golub Capital BDC by 12.9% during the first quarter. Levin Capital Strategies L.P. now owns 11,628 shares of the investment management company’s stock valued at $147,000 after purchasing an additional 1,328 shares during the last quarter. Clearstead Advisors LLC boosted its position in shares of Golub Capital BDC by 48.6% in the 4th 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 in the last quarter. Allworth Financial LP purchased a new stake in shares of Golub Capital BDC in the 2nd quarter worth approximately $25,000. Comprehensive Money Management Services LLC grew its stake in shares of Golub Capital BDC by 15.2% in the 1st quarter. Comprehensive Money Management Services LLC now owns 15,125 shares of the investment management company’s stock worth $191,000 after buying an additional 2,000 shares during the last quarter. Finally, Burk Holdings LLC purchased a new stake in shares of Golub Capital BDC in the 2nd quarter worth approximately $30,000. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Down 0.3%

Shares of Golub Capital BDC stock opened at $12.41 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.33 and a current ratio of 1.33. Golub Capital BDC has a 52-week low of $11.77 and a 52-week high of $14.40. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 19.09 and a beta of 0.39. The company’s 50 day moving average price is $12.92 and its 200-day moving average price is $12.89.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Monday, August 3rd. The investment management company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Golub Capital BDC had a net margin of 21.45% and a return on equity of 9.91%. The company had revenue of $98.53 million during the quarter, compared to analyst estimates of $189.91 million. During the same period in the prior year, the business posted $0.39 EPS. Equities research analysts forecast that Golub Capital BDC will post 1.36 EPS for the current year.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be issued a $0.33 dividend. The ex-dividend date is Monday, September 14th. This represents a $1.32 annualized dividend and a yield of 10.6%. Golub Capital BDC’s dividend payout ratio (DPR) is 203.08%.

Golub Capital BDC Company Profile

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.