Golub Capital BDC (NASDAQ:GBDC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Golub Capital BDC (NASDAQ:GBDC) from a sell rating to a hold rating in a research report report published on Saturday morning.

A number of other equities research analysts have also issued reports on GBDC. Keefe, Bruyette & Woods decreased their price target on Golub Capital BDC from $15.50 to $15.00 and set an “outperform” rating for the company in a research note on Friday, November 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research note on Monday, December 8th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Golub Capital BDC presently has a consensus rating of “Moderate Buy” and an average target price of $14.83.

Golub Capital BDC Stock Performance

NASDAQ GBDC opened at $13.67 on Friday. The business’s 50 day moving average price is $13.94 and its 200-day moving average price is $14.43. Golub Capital BDC has a fifty-two week low of $12.68 and a fifty-two week high of $16.00. The company has a market cap of $3.60 billion, a P/E ratio of 9.63 and a beta of 0.43. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.90 and a current ratio of 1.90.

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

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 12th will be issued 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 currently 109.86%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GBDC. Strs Ohio purchased a new stake in shares of Golub Capital BDC during the 1st quarter worth $232,864,000. HighTower Advisors LLC raised its holdings in Golub Capital BDC by 279.4% in the third quarter. HighTower Advisors LLC now owns 2,529,267 shares of the investment management company’s stock worth $34,626,000 after purchasing an additional 1,862,632 shares in the last quarter. Northeast Financial Consultants Inc lifted its position in shares of Golub Capital BDC by 60.4% during the first quarter. Northeast Financial Consultants Inc now owns 4,120,043 shares of the investment management company’s stock valued at $62,377,000 after buying an additional 1,552,223 shares during the last quarter. Generali Asset Management SPA SGR boosted its holdings in shares of Golub Capital BDC by 39.6% in the 2nd quarter. Generali Asset Management SPA SGR now owns 2,512,705 shares of the investment management company’s stock valued at $36,811,000 after buying an additional 712,705 shares in the last quarter. Finally, Bank of Montreal Can grew its position in shares of Golub Capital BDC by 211.9% in the 2nd quarter. Bank of Montreal Can now owns 726,187 shares of the investment management company’s stock worth $10,639,000 after buying an additional 493,325 shares during the last quarter. 42.38% of the stock is currently 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.