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

Golub Capital BDC, Inc. (NASDAQ:GBDC) has been given an average rating of “Buy” by the five analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $14.8750.

Several brokerages have commented on GBDC. Wells Fargo & Company upgraded shares of Golub Capital BDC from an “equal weight” rating to an “overweight” rating and set a $14.00 price target on the stock in a research note on Wednesday, January 7th. Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a report on Monday, December 29th. Capital One Financial set a $15.00 price target on shares of Golub Capital BDC in a research note on Thursday. Wall Street Zen raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Finally, Lucid Cap Mkts raised Golub Capital BDC to a “strong-buy” rating in a report on Thursday.

Golub Capital BDC Stock Performance

NASDAQ:GBDC opened at $13.82 on Friday. Golub Capital BDC has a 12 month low of $12.68 and a 12 month high of $16.00. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market capitalization of $3.64 billion, a PE ratio of 9.73 and a beta of 0.43. The business’s fifty day moving average price is $13.78 and its 200 day moving average price is $14.24.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Tuesday, November 18th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Golub Capital BDC had a return on equity of 10.40% and a net margin of 43.25%.The business had revenue of $217.84 million during the quarter, compared to analysts’ expectations of $220.54 million. During the same period in the prior year, the firm posted $0.36 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. On average, sell-side analysts anticipate that Golub Capital BDC will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 12th were given a dividend of $0.39 per share. The ex-dividend date was Friday, December 12th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.3%. Golub Capital BDC’s dividend payout ratio (DPR) is 109.86%.

Institutional Trading of Golub Capital BDC

Large investors have recently bought and sold shares of the business. Beaumont Financial Advisors LLC boosted its holdings in Golub Capital BDC by 12.6% during the fourth quarter. Beaumont Financial Advisors LLC now owns 16,481 shares of the investment management company’s stock worth $224,000 after buying an additional 1,841 shares in the last quarter. Catalina Capital Group LLC purchased a new stake in shares of Golub Capital BDC during the 4th quarter worth approximately $219,000. Legacy Capital Wealth Partners LLC boosted its stake in shares of Golub Capital BDC by 10.3% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 117,221 shares of the investment management company’s stock worth $1,591,000 after acquiring an additional 10,963 shares in the last quarter. TrueMark Investments LLC purchased a new position in Golub Capital BDC in the 4th quarter valued at approximately $829,000. Finally, Family Wealth Partners LLC increased its stake in Golub Capital BDC by 3.2% in the 4th quarter. Family Wealth Partners LLC now owns 54,554 shares of the investment management company’s stock valued at $740,000 after purchasing an additional 1,688 shares in 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.