Keefe, Bruyette & Woods Lowers Golub Capital BDC (NASDAQ:GBDC) Price Target to $15.50

Golub Capital BDC (NASDAQ:GBDC - Free Report) had its target price decreased by Keefe, Bruyette & Woods from $16.50 to $15.50 in a research note published on Tuesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the investment management company's stock.

Separately, StockNews.com lowered shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $15.83.

Golub Capital BDC Trading Up 0.3 %

Shares of NASDAQ GBDC traded up $0.04 during midday trading on Tuesday, reaching $13.68. The company had a trading volume of 2,626,725 shares, compared to its average volume of 1,387,532. The firm's fifty day moving average price is $15.05 and its 200-day moving average price is $15.20. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. Golub Capital BDC has a one year low of $12.68 and a one year high of $17.72. The stock has a market cap of $3.63 billion, a PE ratio of 9.91 and a beta of 0.33.

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 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%. On average, equities research analysts anticipate that Golub Capital BDC will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 11.40%. The ex-dividend date of this dividend was Monday, March 3rd. Golub Capital BDC's payout ratio is currently 113.04%.

Institutional Investors Weigh In On Golub Capital BDC

A number of large investors have recently modified their holdings of GBDC. Castlekeep Investment Advisors LLC purchased a new stake in Golub Capital BDC in the fourth quarter worth about $19,145,000. Millennium Management LLC raised its position in shares of Golub Capital BDC by 168.0% in the 4th quarter. Millennium Management LLC now owns 1,909,304 shares of the investment management company's stock worth $28,945,000 after acquiring an additional 1,196,800 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Golub Capital BDC by 77.8% in the 4th quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company's stock valued at $33,559,000 after purchasing an additional 968,525 shares during the period. Atria Investments Inc boosted its position in shares of Golub Capital BDC by 912.0% during the fourth quarter. Atria Investments Inc now owns 983,286 shares of the investment management company's stock valued at $14,907,000 after purchasing an additional 886,123 shares in the last quarter. Finally, Sage Mountain Advisors LLC grew its stake in Golub Capital BDC by 38.8% in the fourth quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company's stock worth $38,043,000 after purchasing an additional 701,594 shares during the period. 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.