Golub Capital BDC, Inc. (NASDAQ:GBDC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $14.00.

Several research analysts have issued reports on the company. Wall Street Zen cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday, April 19th. Oppenheimer reissued an “outperform” rating and issued a $14.00 target price on shares of Golub Capital BDC in a research report on Wednesday, May 6th. Royal Bank Of Canada dropped their target price on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Zacks Research cut Golub Capital BDC from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a research report on Friday, March 27th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Keel Point LLC raised its stake in shares of Golub Capital BDC by 2.7% in the second quarter. Keel Point LLC now owns 39,845 shares of the investment management company’s stock worth $584,000 after buying an additional 1,039 shares during the period. Ironsides Asset Advisors LLC raised its stake in shares of Golub Capital BDC by 7.6% in the fourth quarter. Ironsides Asset Advisors LLC now owns 15,755 shares of the investment management company’s stock worth $214,000 after buying an additional 1,113 shares during the period. Beverly Hills Private Wealth LLC raised its stake in shares of Golub Capital BDC by 6.2% in the third quarter. Beverly Hills Private Wealth LLC now owns 20,516 shares of the investment management company’s stock worth $281,000 after buying an additional 1,200 shares during the period. Levin Capital Strategies L.P. raised its stake in shares of Golub Capital BDC by 12.9% in the first quarter. Levin Capital Strategies L.P. now owns 11,628 shares of the investment management company’s stock worth $147,000 after buying an additional 1,328 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of Golub Capital BDC by 1.3% in the fourth quarter. Cetera Investment Advisers now owns 106,374 shares of the investment management company’s stock worth $1,443,000 after buying an additional 1,361 shares during the period. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Trading Down 4.3%

Golub Capital BDC stock opened at $12.72 on Tuesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.20 and a quick ratio of 2.20. Golub Capital BDC has a one year low of $11.77 and a one year high of $15.63. The stock has a market capitalization of $3.31 billion, a PE ratio of 16.52 and a beta of 0.39. The business’s fifty day moving average is $13.11 and its 200 day moving average is $13.12.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Monday, May 4th. The investment management company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). Golub Capital BDC had a net margin of 24.64% and a return on equity of 10.20%. The business had revenue of ($5.28) million for the quarter, compared to analysts’ expectations of $201.71 million. During the same period last year, the business earned $0.30 earnings per share. On average, sell-side analysts predict that Golub Capital BDC will post 1.36 EPS for the current year.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.32 annualized dividend and a dividend yield of 10.4%. Golub Capital BDC’s dividend payout ratio (DPR) is 171.43%.

About Golub Capital BDC

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.