Keefe, Bruyette & Woods reaffirmed their hold rating on shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in a research note released on Tuesday morning. They currently have a $19.50 target price on the investment management company’s stock.

GBDC has been the topic of a number of other reports. Raymond James Financial, Inc. upgraded shares of Golub Capital BDC from a market perform rating to an outperform rating and increased their price objective for the company from $19.00 to $19.50 in a research note on Monday, March 27th. Zacks Investment Research downgraded shares of Golub Capital BDC from a buy rating to a hold rating in a research note on Thursday, May 11th. National Securities reiterated a neutral rating and set a $19.00 price objective (up from $10.00) on shares of Golub Capital BDC in a research note on Thursday, May 11th. BidaskClub upgraded shares of Golub Capital BDC from a sell rating to a hold rating in a research note on Wednesday, June 28th. Finally, UBS AG upgraded shares of Golub Capital BDC from a market perform rating to an outperform rating in a research note on Monday, March 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $19.60.

Shares of Golub Capital BDC (NASDAQ GBDC) traded down 0.05% during mid-day trading on Tuesday, hitting $19.55. The stock had a trading volume of 98,134 shares. Golub Capital BDC has a 52-week low of $17.34 and a 52-week high of $20.50. The company’s 50 day moving average is $19.37 and its 200-day moving average is $19.46.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Thursday, May 4th. The investment management company reported $0.32 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.32. Golub Capital BDC had a net margin of 55.30% and a return on equity of 7.67%. The firm had revenue of $33.56 million for the quarter, compared to the consensus estimate of $35.66 million. During the same period last year, the firm earned $0.33 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Equities analysts forecast that Golub Capital BDC will post $1.25 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Thursday, June 29th. Shareholders of record on Tuesday, June 6th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, June 2nd. This represents a $1.28 annualized dividend and a yield of 6.55%. Golub Capital BDC’s dividend payout ratio (DPR) is 93.43%.

A number of large investors have recently made changes to their positions in the stock. Lyell Wealth Management LP increased its stake in shares of Golub Capital BDC by 20.5% in the second quarter. Lyell Wealth Management LP now owns 278,268 shares of the investment management company’s stock valued at $5,320,000 after buying an additional 47,265 shares during the period. Mraz Amerine & Associates Inc. increased its stake in shares of Golub Capital BDC by 12.7% in the second quarter. Mraz Amerine & Associates Inc. now owns 16,900 shares of the investment management company’s stock valued at $323,000 after buying an additional 1,900 shares during the period. Northeast Financial Consultants Inc increased its stake in shares of Golub Capital BDC by 21.1% in the second quarter. Northeast Financial Consultants Inc now owns 20,690 shares of the investment management company’s stock valued at $396,000 after buying an additional 3,600 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Golub Capital BDC by 7.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 227,014 shares of the investment management company’s stock valued at $4,340,000 after buying an additional 14,799 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Golub Capital BDC by 3.3% in the second quarter. Russell Investments Group Ltd. now owns 29,650 shares of the investment management company’s stock valued at $567,000 after buying an additional 960 shares during the period. Institutional investors own 45.18% of the company’s stock.

Golub Capital BDC Company Profile

Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.

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