Golub Capital BDC, Inc. (NASDAQ:GBDC) Receives $16.40 Consensus Target Price from Brokerages

Golub Capital BDC, Inc. (NASDAQ:GBDC - Get Free Report) has received an average recommendation of "Moderate Buy" from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $16.40.

GBDC has been the subject of several research analyst reports. Oppenheimer restated an "outperform" rating and set a $17.00 price target on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods cut their target price on shares of Golub Capital BDC from $17.50 to $16.50 and set an "outperform" rating on the stock in a research note on Wednesday, August 7th. StockNews.com raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Friday. Finally, Wells Fargo & Company cut their price objective on Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating on the stock in a research report on Thursday, November 21st.

Insiders Place Their Bets

In other news, Chairman Lawrence E. Golub purchased 20,000 shares of the firm's stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of $14.91 per share, for a total transaction of $298,200.00. Following the completion of the purchase, the chairman now owns 1,998,880 shares of the company's stock, valued at approximately $29,803,300.80. This trade represents a 1.01 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Golub Capital BDC

Several large investors have recently added to or reduced their stakes in GBDC. Van ECK Associates Corp lifted its position in shares of Golub Capital BDC by 13.5% in the 3rd quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company's stock worth $61,458,000 after buying an additional 475,196 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in Golub Capital BDC by 5.0% in the third quarter. Sound Income Strategies LLC now owns 2,882,861 shares of the investment management company's stock worth $43,560,000 after acquiring an additional 137,813 shares during the last quarter. Northeast Financial Consultants Inc grew its holdings in shares of Golub Capital BDC by 25.9% during the third quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company's stock valued at $40,016,000 after purchasing an additional 544,126 shares during the last quarter. Allen Investment Management LLC raised its position in shares of Golub Capital BDC by 6.9% during the 2nd quarter. Allen Investment Management LLC now owns 2,246,793 shares of the investment management company's stock worth $35,297,000 after purchasing an additional 145,761 shares during the period. Finally, Partners Group Holding AG lifted its holdings in shares of Golub Capital BDC by 48.2% in the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company's stock worth $30,139,000 after purchasing an additional 648,855 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors.

Golub Capital BDC Trading Up 1.7 %

NASDAQ GBDC traded up $0.27 during trading hours on Friday, hitting $15.67. 930,722 shares of the company's stock were exchanged, compared to its average volume of 1,173,341. Golub Capital BDC has a 12-month low of $14.05 and a 12-month high of $17.72. The business's 50 day moving average is $15.26 and its 200-day moving average is $15.38. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. The firm has a market capitalization of $4.14 billion, a P/E ratio of 11.11 and a beta of 0.54.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be paid a dividend of $0.39 per share. The ex-dividend date is Monday, December 9th. This represents a $1.56 dividend on an annualized basis and a yield of 9.96%. Golub Capital BDC's dividend payout ratio (DPR) is presently 110.64%.

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.