Golub Capital BDC, Inc. (NASDAQ:GBDC) Receives $16.40 Average PT from Analysts

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have earned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $16.40.

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday. Wells Fargo & Company dropped their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 21st. Finally, Oppenheimer reiterated an “outperform” rating and set a $17.00 price target on shares of Golub Capital BDC in a research note on Wednesday, August 7th.

Insiders Place Their Bets

In related news, Chairman Lawrence E. Golub bought 20,000 shares of the stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of $14.91 per share, for a total transaction of $298,200.00. Following the completion of the transaction, the chairman now owns 1,998,880 shares of the company’s stock, valued at $29,803,300.80. This represents a 1.01 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northeast Financial Consultants Inc lifted its holdings in shares of Golub Capital BDC by 151.8% in the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after purchasing an additional 1,268,442 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Golub Capital BDC by 1,170.6% in the second quarter. Millennium Management LLC now owns 786,569 shares of the investment management company’s stock valued at $12,357,000 after purchasing an additional 724,662 shares in the last quarter. Boston Partners purchased a new stake in shares of Golub Capital BDC in the first quarter valued at about $12,126,000. Partners Group Holding AG lifted its holdings in shares of Golub Capital BDC by 48.2% in the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock valued at $30,139,000 after purchasing an additional 648,855 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Golub Capital BDC by 22.3% in the second quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company’s stock valued at $55,190,000 after purchasing an additional 640,866 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Trading Down 0.5 %

NASDAQ GBDC opened at $15.59 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. The firm has a market cap of $4.12 billion, a PE ratio of 11.09 and a beta of 0.54. Golub Capital BDC has a one year low of $14.05 and a one year high of $17.72. The firm’s fifty day moving average is $15.26 and its two-hundred day moving average is $15.37.

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be given a dividend of $0.39 per share. The ex-dividend date is Monday, December 9th. This represents a $1.56 annualized dividend and a yield of 10.01%. Golub Capital BDC’s payout ratio is currently 110.64%.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.