Golub Capital BDC (NASDAQ:GBDC) Price Target Lowered to $15.00 at Keefe, Bruyette & Woods

Golub Capital BDC (NASDAQ:GBDC) had its target price cut by Keefe, Bruyette & Woods from $15.50 to $15.00 in a research note issued to investors on Friday morning, Marketbeat.com reports. They currently have an outperform rating on the investment management company’s stock.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.83.

Golub Capital BDC Stock Up 1.4%

Golub Capital BDC stock traded up $0.19 during midday trading on Friday, reaching $13.72. The company’s stock had a trading volume of 2,371,018 shares, compared to its average volume of 1,484,970. The company has a market cap of $3.61 billion, a P/E ratio of 9.66 and a beta of 0.47. The company has a quick ratio of 2.37, a current ratio of 1.90 and a debt-to-equity ratio of 1.23. The business has a 50-day simple moving average of $13.88 and a 200-day simple moving average of $14.53. Golub Capital BDC has a fifty-two week low of $12.68 and a fifty-two week high of $16.00.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Tuesday, November 18th. The investment management company reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $220.54 million. During the same quarter in the prior year, the business posted $0.36 EPS. The business’s revenue for the quarter was down .2% on a year-over-year basis. On average, research analysts expect that Golub Capital BDC will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 12th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, December 12th. This represents a $1.56 dividend on an annualized basis and a yield of 11.4%. Golub Capital BDC’s dividend payout ratio is presently 109.86%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Adams Asset Advisors LLC lifted its holdings in Golub Capital BDC by 71.7% in the 2nd quarter. Adams Asset Advisors LLC now owns 137,723 shares of the investment management company’s stock valued at $2,018,000 after purchasing an additional 57,533 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Golub Capital BDC by 29.2% during the first quarter. Raymond James Financial Inc. now owns 380,999 shares of the investment management company’s stock worth $5,768,000 after buying an additional 86,161 shares in the last quarter. Ethos Financial Group LLC acquired a new position in shares of Golub Capital BDC in the first quarter valued at approximately $399,000. Condor Capital Management lifted its stake in shares of Golub Capital BDC by 11.2% during the first quarter. Condor Capital Management now owns 342,054 shares of the investment management company’s stock valued at $5,179,000 after buying an additional 34,427 shares during the period. Finally, Focus Partners Advisor Solutions LLC purchased a new position in shares of Golub Capital BDC during the first quarter valued at approximately $292,000. 42.38% of the stock is owned by hedge funds and other institutional investors.

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.