Golub Capital BDC, Inc. (NASDAQ:GBDC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Golub Capital BDC, Inc. (NASDAQ:GBDC) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat.com reports. Two research 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 1 year target price among brokerages that have covered the stock in the last year is $13.90.

Several equities analysts have issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday, June 24th. Keefe, Bruyette & Woods reduced their price target 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 raised 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 upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $13.00 on Monday. The business’s fifty day simple moving average is $13.01 and its two-hundred day simple moving average is $12.85. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.22. Golub Capital BDC has a 12 month low of $11.77 and a 12 month high of $14.85. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 20.00 and a beta of 0.39.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share 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 firm had revenue of $98.53 million during the quarter, compared to analysts’ expectations of $189.91 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. Research analysts anticipate that Golub Capital BDC will post 1.36 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be paid a dividend of $0.33 per share. The ex-dividend date is Monday, September 14th. This represents a $1.32 dividend on an annualized basis and a yield of 10.2%. Golub Capital BDC’s payout ratio is currently 203.08%.

Insiders Place Their Bets

In other Golub Capital BDC news, Director Lawrence Golub sold 1,676,387 shares of the firm’s 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 legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Golub Capital BDC

Several institutional investors have recently made changes to their positions in the business. Corient Private Wealth LP bought a new stake in Golub Capital BDC during the second quarter valued at approximately $50,833,000. OMERS ADMINISTRATION Corp bought a new position in Golub Capital BDC in the second quarter worth approximately $47,015,000. Bank of America Corp DE purchased a new position in shares of Golub Capital BDC during the 2nd quarter worth $43,696,000. Lalia Capital LLC purchased a new position in shares of Golub Capital BDC during the 2nd quarter worth $33,556,000. Finally, Legal & General Group Plc bought a new stake in shares of Golub Capital BDC during the 2nd quarter valued at $31,483,000. Institutional investors own 42.38% of the company’s stock.

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.