StockNews.com upgraded shares of Golub Capital BDC (NASDAQ:GBDC - Free Report) from a sell rating to a hold rating in a report published on Friday.
Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company dropped their target price on shares of 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. Keefe, Bruyette & Woods decreased their price target on shares of Golub Capital BDC from $17.50 to $16.50 and set an "outperform" rating for the company in a research note on Wednesday, August 7th. Finally, 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $16.40.
Get Our Latest Stock Analysis on Golub Capital BDC
Golub Capital BDC Stock Up 1.8 %
NASDAQ GBDC traded up $0.27 during trading hours on Friday, hitting $15.67. The company's stock had a trading volume of 930,260 shares, compared to its average volume of 1,173,339. Golub Capital BDC has a 52 week low of $14.05 and a 52 week high of $17.72. The company's 50-day simple moving average is $15.24 and its two-hundred day simple moving average is $15.39. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $4.14 billion, a PE ratio of 10.99 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. Investors of record on Monday, December 9th will be paid a $0.39 dividend. The ex-dividend date of this dividend 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 is 110.64%.
Insider Activity at Golub Capital BDC
In other Golub Capital BDC news, Chairman Lawrence E. Golub acquired 20,000 shares of Golub Capital BDC 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 purchase, the chairman now owns 1,998,880 shares of the company's stock, valued at approximately $29,803,300.80. This represents a 1.01 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. grew its position in shares of Golub Capital BDC by 32.2% during the 3rd quarter. Franklin Resources Inc. now owns 404,865 shares of the investment management company's stock valued at $6,134,000 after purchasing an additional 98,685 shares in the last quarter. Tidal Investments LLC grew its position in shares of Golub Capital BDC by 4.1% during the 3rd quarter. Tidal Investments LLC now owns 76,160 shares of the investment management company's stock valued at $1,151,000 after purchasing an additional 2,991 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Golub Capital BDC during the 3rd quarter valued at $1,533,000. Sanctuary Advisors LLC grew its position 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. Finally, Anchor Investment Management LLC grew its position in shares of Golub Capital BDC by 195.0% during the 3rd quarter. Anchor Investment Management LLC now owns 274,115 shares of the investment management company's stock valued at $4,142,000 after purchasing an additional 181,210 shares in the last quarter. 42.38% of the stock is currently owned by hedge funds and other institutional investors.
About Golub Capital BDC
(
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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.
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