Golub Capital BDC, Inc. (NASDAQ:GBDC) Receives $16.40 Consensus Price Target from Brokerages

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

A number of analysts have recently weighed in on the company. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Wells Fargo & Company decreased their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 21st.

Golub Capital BDC Stock Performance

NASDAQ:GBDC opened at $15.49 on Friday. The firm has a market cap of $4.09 billion, a PE ratio of 10.99 and a beta of 0.53. Golub Capital BDC has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. 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 business has a 50 day moving average price of $15.26 and a 200-day moving average price of $15.17.

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 9th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.07%. Golub Capital BDC’s dividend payout ratio is presently 110.64%.

Hedge Funds Weigh In On Golub Capital BDC

A number of institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in Golub Capital BDC by 13.5% in the third quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company’s stock worth $61,458,000 after purchasing an additional 475,196 shares in the last quarter. Sound Income Strategies LLC raised its holdings 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 purchasing an additional 172,519 shares in the last quarter. Northeast Financial Consultants Inc raised its holdings in Golub Capital BDC by 25.9% in 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 purchasing an additional 544,126 shares in the last quarter. Partners Group Holding AG raised its holdings in 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 worth $30,139,000 after purchasing an additional 648,855 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in 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 purchasing an additional 724,662 shares in the last quarter. 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.