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

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $16.40.

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company dropped 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 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 Thursday. Keefe, Bruyette & Woods lowered their price objective 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. Finally, Oppenheimer reiterated an “outperform” rating and set a $17.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, August 7th.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC opened at $15.09 on Friday. Golub Capital BDC has a 12 month low of $14.02 and a 12 month high of $17.72. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01. The business’s 50 day simple moving average is $14.86 and its 200-day simple moving average is $15.72. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 7.43 and a beta of 0.53.

Golub Capital BDC (NASDAQ:GBDC) last announced 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). The company had revenue of $171.27 million during the quarter, compared to analyst estimates of $205.24 million. Golub Capital BDC had a net margin of 42.14% and a return on equity of 11.99%. During the same quarter in the prior year, the company posted $0.44 earnings per share. As a group, equities analysts forecast that Golub Capital BDC will post 1.92 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were given a $0.39 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.56 annualized dividend and a yield of 10.34%. Golub Capital BDC’s dividend payout ratio is 76.85%.

Insider Activity

In other Golub Capital BDC news, Director Anita J. Rival bought 26,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the transaction, the director now owns 95,000 shares in the company, valued at approximately $1,368,000. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO David Golub bought 20,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was bought at an average cost of $14.70 per share, with a total value of $294,000.00. Following the completion of the purchase, the chief executive officer now owns 1,758,880 shares in the company, valued at approximately $25,855,536. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Anita J. Rival purchased 26,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of $14.40 per share, with a total value of $374,400.00. Following the completion of the purchase, the director now owns 95,000 shares of the company’s stock, valued at $1,368,000. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 146,000 shares of company stock worth $2,159,400. Corporate insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Golub Capital BDC

Several large investors have recently bought and sold shares of the company. Van ECK Associates Corp increased its stake in 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. Sound Income Strategies LLC boosted its holdings in shares of Golub Capital BDC by 5.0% in the third quarter. Sound Income Strategies LLC now owns 2,882,861 shares of the investment management company’s stock valued at $43,560,000 after buying an additional 137,813 shares during the period. Allen Investment Management LLC boosted its holdings in shares of Golub Capital BDC by 6.9% in the second quarter. Allen Investment Management LLC now owns 2,246,793 shares of the investment management company’s stock valued at $35,297,000 after buying an additional 145,761 shares during the period. Northeast Financial Consultants Inc boosted 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 buying an additional 1,268,442 shares during the period. Finally, Arnhold LLC boosted its holdings in shares of Golub Capital BDC by 0.8% in the second quarter. Arnhold LLC now owns 1,319,200 shares of the investment management company’s stock valued at $20,725,000 after buying an additional 11,000 shares during the period. Institutional investors own 42.38% of the company’s stock.

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.