Golub Capital BDC, Inc. (NASDAQ:GBDC) Stock Has Average Price Target of $13.90 According to Brokerages

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have earned an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. Two 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 twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $13.90.

A number of research analysts recently commented on the company. Weiss Ratings raised Golub Capital BDC from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. Wall Street Zen upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Keefe, Bruyette & Woods decreased their target price on shares of Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. Finally, Zacks Research raised shares of Golub Capital BDC from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th.

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $12.12 on Tuesday. The firm has a market cap of $3.15 billion, a PE ratio of 18.65 and a beta of 0.41. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.33 and a quick ratio of 1.33. The stock’s fifty day moving average price is $12.59 and its two-hundred day moving average price is $12.83. Golub Capital BDC has a one year low of $11.77 and a one year high of $14.40.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $98.53 million during the quarter, compared to the consensus estimate of $189.91 million. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%. During the same period in the prior year, the company posted $0.39 EPS. As a group, research 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. Investors of record on Monday, September 14th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend was Monday, September 14th. Golub Capital BDC’s dividend payout ratio (DPR) is 203.08%.

Insiders Place Their Bets

In other Golub Capital BDC news, Director Lawrence Golub sold 1,676,387 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $13.06, for a total transaction of $21,893,614.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Golub Capital BDC

Hedge funds and other institutional investors have recently modified their holdings of the business. Abundance Wealth Counselors raised its holdings in shares of Golub Capital BDC by 22.0% during the 3rd quarter. Abundance Wealth Counselors now owns 133,394 shares of the investment management company’s stock worth $1,685,000 after buying an additional 24,043 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Golub Capital BDC by 0.8% in the third quarter. Oppenheimer & Co. Inc. now owns 238,161 shares of the investment management company’s stock valued at $3,008,000 after buying an additional 1,897 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in Golub Capital BDC in the third quarter valued at about $288,000. Invested Advisors boosted its stake in Golub Capital BDC by 27.3% in the third quarter. Invested Advisors now owns 28,453 shares of the investment management company’s stock valued at $359,000 after buying an additional 6,098 shares in the last quarter. Finally, Signaturefd LLC grew its position in Golub Capital BDC by 7.1% in the third quarter. Signaturefd LLC now owns 82,378 shares of the investment management company’s stock valued at $1,040,000 after acquiring an additional 5,481 shares during the last quarter. Institutional investors own 42.38% of the company’s stock.

About Golub Capital BDC

Golub Capital BDC, Inc is a business development company that provides financing to middle-market companies. The company primarily invests in senior secured loans and other debt investments, with the objective of generating current income and, to a lesser extent, capital appreciation.

Its investment portfolio generally consists of loans to established businesses across a range of industries. Golub Capital BDC may also make subordinated debt and equity-related investments, allowing it to provide flexible financing solutions alongside private equity sponsors and other financial partners.

The company focuses primarily on middle-market businesses in the United States.