Brokerages Set Golub Capital BDC, Inc. (NASDAQ:GBDC) Target Price at $16.40

Golub Capital BDC, Inc. (NASDAQ:GBDC) has earned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $16.40.

Several equities analysts recently issued reports on GBDC shares. Oppenheimer reissued an “outperform” rating and set a $17.00 price target on shares of Golub Capital BDC in a report on Wednesday, August 7th. Keefe, Bruyette & Woods lowered their price target on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Wells Fargo & Company lowered their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Finally, StockNews.com cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, September 5th.

Golub Capital BDC Stock Performance

NASDAQ:GBDC opened at $14.95 on Monday. Golub Capital BDC has a 1 year low of $13.95 and a 1 year high of $17.72. The firm’s fifty day simple moving average is $15.04 and its 200 day simple moving average is $15.83. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $2.56 billion, a PE ratio of 7.36 and a beta of 0.53.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Monday, August 5th. The investment management company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). Golub Capital BDC had a return on equity of 11.99% and a net margin of 42.14%. The company had revenue of $171.27 million during the quarter, compared to analyst estimates of $205.24 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. On average, sell-side analysts anticipate that Golub Capital BDC will post 1.92 EPS for the current year.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.43%. The ex-dividend date of this dividend is Friday, August 30th. Golub Capital BDC’s dividend payout ratio is presently 76.85%.

Insider Transactions at Golub Capital BDC

In other Golub Capital BDC news, CEO David Golub acquired 20,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were acquired at an average price of $14.68 per share, with a total value of $293,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,738,880 shares in the company, valued at approximately $25,526,758.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Anita J. Rival acquired 26,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average cost of $14.40 per share, with a total value of $374,400.00. Following the completion of the transaction, the director now directly owns 95,000 shares of the company’s stock, valued at $1,368,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David Golub acquired 20,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was bought at an average cost of $14.68 per share, for a total transaction of $293,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,738,880 shares of the company’s stock, valued at $25,526,758.40. The disclosure for this purchase can be found here. Insiders have acquired a total of 146,000 shares of company stock valued at $2,159,400 over the last 90 days. 2.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Golub Capital BDC

Several institutional investors and hedge funds have recently modified their holdings of GBDC. Northeast Financial Consultants Inc grew its stake 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 acquiring 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 worth $12,357,000 after acquiring an additional 724,662 shares during the last quarter. Boston Partners bought a new position in shares of Golub Capital BDC in the first quarter worth about $12,126,000. Van ECK Associates Corp raised its holdings in Golub Capital BDC by 22.3% in the 2nd quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company’s stock valued at $55,190,000 after buying an additional 640,866 shares during the last quarter. Finally, 1832 Asset Management L.P. bought a new position in Golub Capital BDC in the 2nd quarter valued at approximately $9,426,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

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.