Golub Capital BDC, Inc. (NASDAQ:GBDC) Receives $16.38 Consensus Target Price from Analysts

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have received an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $16.38.

A number of equities analysts have issued reports on GBDC shares. Wells Fargo & Company cut 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 report on Thursday, November 21st. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Monday.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $14.58 on Monday. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 10.57 and a beta of 0.50. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. Golub Capital BDC has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The firm’s 50-day simple moving average is $15.44 and its 200 day simple moving average is $15.26.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates 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 anticipate that Golub Capital BDC will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.70%. The ex-dividend date of this dividend is Monday, March 3rd. Golub Capital BDC’s payout ratio is 113.04%.

Hedge Funds Weigh In On Golub Capital BDC

Institutional investors have recently added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC bought a new position in shares of Golub Capital BDC during the 4th quarter valued at approximately $19,145,000. Millennium Management LLC lifted its stake in Golub Capital BDC by 168.0% in the fourth quarter. Millennium Management LLC now owns 1,909,304 shares of the investment management company’s stock valued at $28,945,000 after purchasing an additional 1,196,800 shares during the last quarter. Bank of America Corp DE grew its holdings in Golub Capital BDC by 77.8% during the fourth quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company’s stock valued at $33,559,000 after purchasing an additional 968,525 shares during the period. Atria Investments Inc increased its position in Golub Capital BDC by 912.0% in the fourth quarter. Atria Investments Inc now owns 983,286 shares of the investment management company’s stock worth $14,907,000 after buying an additional 886,123 shares during the last quarter. Finally, Sage Mountain Advisors LLC increased its position in Golub Capital BDC by 38.8% in the fourth quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company’s stock worth $38,043,000 after buying an additional 701,594 shares during the last quarter. Institutional investors own 42.38% of the company’s stock.

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.