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

Golub Capital BDC, Inc. (NASDAQ:GBDC) has received an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $13.90.

A number of equities research analysts have recently issued reports on GBDC shares. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a report on Wednesday, June 24th. Zacks Research upgraded Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. 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. Wall Street Zen upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Royal Bank Of Canada lowered their price target on shares of 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.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $13.03 on Monday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.22. The business’s 50 day moving average price is $12.95 and its two-hundred day moving average price is $12.84. The company has a market cap of $3.38 billion, a PE ratio of 20.05 and a beta of 0.39. Golub Capital BDC has a twelve month low of $11.77 and a twelve month high of $14.93.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Monday, August 3rd. The investment management company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Golub Capital BDC had a return on equity of 9.91% and a net margin of 21.45%.The company had revenue of $98.53 million during the quarter, compared to analysts’ expectations of $189.91 million. During the same period last year, the firm posted $0.39 earnings per share. On average, analysts predict that Golub Capital BDC will post 1.36 EPS for the current year.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 14th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 10.1%. The ex-dividend date is Monday, September 14th. Golub Capital BDC’s payout ratio is 203.08%.

Insider Transactions at Golub Capital BDC

In related news, Director Lawrence E. Golub sold 1,676,387 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $13.06, for a total transaction of $21,893,614.22. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Robertson Stephens Wealth Management LLC acquired a new position in Golub Capital BDC during the fourth quarter valued at approximately $3,681,000. Orographic Financial Advisors LLC bought a new position in shares of Golub Capital BDC in the 1st quarter valued at $1,069,000. UBS Group AG increased its stake in shares of Golub Capital BDC by 29.4% in the 4th quarter. UBS Group AG now owns 2,864,751 shares of the investment management company’s stock valued at $38,875,000 after purchasing an additional 651,110 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Golub Capital BDC by 18.1% during the 4th quarter. Legal & General Group Plc now owns 2,062,851 shares of the investment management company’s stock worth $27,983,000 after buying an additional 315,984 shares in the last quarter. Finally, Alpine Global Management LLC lifted its position in shares of Golub Capital BDC by 487.1% during the 4th quarter. Alpine Global Management LLC now owns 155,588 shares of the investment management company’s stock worth $2,111,000 after buying an additional 129,088 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

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.