Golub Capital BDC, Inc. (NASDAQ:GBDC) Given Average Recommendation of "Moderate Buy" by Brokerages

Golub Capital BDC, Inc. (NASDAQ:GBDC - Get Free Report) has received a consensus rating of "Moderate Buy" from the five brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $16.38.

Several analysts have recently commented on GBDC shares. Wells Fargo & Company reduced their price target on Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating for the company in a report on Thursday, November 21st. StockNews.com downgraded Golub Capital BDC from a "hold" rating to a "sell" rating in a report on Thursday.

Golub Capital BDC Stock Performance

Shares of NASDAQ:GBDC traded up $0.01 during trading on Thursday, reaching $15.93. The company had a trading volume of 1,664,243 shares, compared to its average volume of 1,383,114. Golub Capital BDC has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 4.73. The stock's fifty day moving average price is $15.32 and its 200 day moving average price is $15.17. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 11.54 and a beta of 0.54.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. As a group, equities research analysts predict that Golub Capital BDC will post 1.62 EPS for the current year.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 9.79%. Golub Capital BDC's payout ratio is 113.04%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GBDC. Allworth Financial LP grew its stake in Golub Capital BDC by 135.6% in the 3rd quarter. Allworth Financial LP now owns 2,340 shares of the investment management company's stock valued at $35,000 after acquiring an additional 1,347 shares during the last quarter. Blue Trust Inc. grew its position in shares of Golub Capital BDC by 413.1% in the fourth quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company's stock valued at $36,000 after purchasing an additional 1,921 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Golub Capital BDC by 36.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock worth $47,000 after purchasing an additional 827 shares in the last quarter. Optiver Holding B.V. raised its position in shares of Golub Capital BDC by 28.7% during the 4th quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock worth $47,000 after purchasing an additional 688 shares during the last quarter. Finally, Hurley Capital LLC purchased a new stake in Golub Capital BDC in the 4th quarter valued at approximately $50,000. Hedge funds and other institutional investors own 42.38% of the company's stock.

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.