Brokerages Set Golub Capital BDC, Inc. (NASDAQ:GBDC) Target Price at $16.38

Golub Capital BDC, Inc. (NASDAQ:GBDC - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the five brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $16.38.

Several equities analysts recently issued reports on the company. Wells Fargo & Company decreased their price target on Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating on the stock in a report on Thursday, November 21st. StockNews.com upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Monday.

Hedge Funds Weigh In On Golub Capital BDC

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Optiver Holding B.V. raised its stake in 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 buying an additional 688 shares during the period. Signaturefd LLC raised its position in shares of Golub Capital BDC by 0.7% during the fourth quarter. Signaturefd LLC now owns 106,746 shares of the investment management company's stock worth $1,618,000 after purchasing an additional 704 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of Golub Capital BDC by 1.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 71,988 shares of the investment management company's stock valued at $1,101,000 after purchasing an additional 769 shares in the last quarter. Snowden Capital Advisors LLC increased its stake in Golub Capital BDC by 0.4% during the 4th quarter. Snowden Capital Advisors LLC now owns 187,252 shares of the investment management company's stock worth $2,839,000 after purchasing an additional 814 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Golub Capital BDC by 36.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock valued at $47,000 after buying an additional 827 shares in the last quarter. 42.38% of the stock is owned by institutional investors.

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Golub Capital BDC Price Performance

Shares of Golub Capital BDC stock traded down $0.12 during trading on Monday, reaching $14.46. The company's stock had a trading volume of 1,448,153 shares, compared to its average volume of 1,287,698. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $3.84 billion, a P/E ratio of 10.48 and a beta of 0.50. Golub Capital BDC has a one year low of $14.05 and a one year high of $17.72. The stock has a 50-day moving average price of $15.42 and a two-hundred day moving average price of $15.26.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 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, sell-side analysts anticipate that Golub Capital BDC will post 1.6 EPS for the current fiscal 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 paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.79%. The ex-dividend date of this dividend is Monday, March 3rd. Golub Capital BDC's payout ratio is presently 113.04%.

About Golub Capital BDC

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.