Brokerages Set Golub Capital BDC, Inc. (NASDAQ:GBDC) Price Target at $16.38

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have earned a consensus rating of “Moderate Buy” from the five analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $16.38.

Several analysts recently issued reports on GBDC shares. StockNews.com downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Thursday. Wells Fargo & Company reduced their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp lifted its stake in shares of Golub Capital BDC by 13.4% in the 4th quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock valued at $68,555,000 after purchasing an additional 533,895 shares during the last quarter. Sound Income Strategies LLC lifted its position in Golub Capital BDC by 6.0% in the fourth quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company’s stock worth $46,320,000 after buying an additional 172,519 shares during the last quarter. Northeast Financial Consultants Inc boosted its stake in Golub Capital BDC by 25.9% during the third quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock worth $40,016,000 after buying an additional 544,126 shares during the period. Sage Mountain Advisors LLC increased its position in Golub Capital BDC by 38.8% during the fourth quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company’s stock valued at $38,043,000 after acquiring an additional 701,594 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Golub Capital BDC by 2.1% during the fourth quarter. JPMorgan Chase & Co. now owns 2,385,828 shares of the investment management company’s stock valued at $36,169,000 after acquiring an additional 49,519 shares during the last quarter. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Trading Up 0.1 %

Golub Capital BDC stock opened at $15.93 on Thursday. Golub Capital BDC has a 12-month low of $14.05 and a 12-month high of $17.72. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 11.54 and a beta of 0.54. The firm has a 50 day moving average of $15.32 and a 200 day moving average of $15.17. The company has a current ratio of 2.94, a quick ratio of 4.73 and a debt-to-equity ratio of 1.22.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. As a group, research analysts predict that Golub Capital BDC will post 1.62 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.39 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.56 annualized dividend and a yield of 9.79%. Golub Capital BDC’s dividend payout ratio (DPR) is currently 113.04%.

About Golub Capital BDC

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.