Golub Capital BDC (NASDAQ:GBDC) Price Target Raised to $15.50 at Wells Fargo & Company

Golub Capital BDC (NASDAQ:GBDC - Free Report) had its price objective increased by Wells Fargo & Company from $15.00 to $15.50 in a report issued on Tuesday, Benzinga reports. They currently have an equal weight rating on the investment management company's stock.

Several other equities research analysts have also weighed in on GBDC. Oppenheimer reiterated an "outperform" rating and issued a $17.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods lowered their price objective on shares of Golub Capital BDC from $17.50 to $16.50 and set an "outperform" rating for the company in a research report on Wednesday, August 7th. Finally, StockNews.com upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $16.50.

Golub Capital BDC Stock Down 1.0 %

NASDAQ GBDC traded down $0.16 during trading on Tuesday, reaching $15.35. The company's stock had a trading volume of 1,088,992 shares, compared to its average volume of 1,165,605. The stock has a market capitalization of $2.63 billion, a PE ratio of 7.56 and a beta of 0.53. Golub Capital BDC has a 1-year low of $14.05 and a 1-year high of $17.72. The business has a 50-day moving average price of $15.06 and a 200-day moving average price of $15.62. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 1.06.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The investment management company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.01). The firm had revenue of $171.27 million for the quarter, compared to the consensus estimate of $205.24 million. Golub Capital BDC had a net margin of 42.14% and a return on equity of 11.99%. During the same quarter last year, the company earned $0.44 earnings per share. On average, research analysts forecast that Golub Capital BDC will post 1.92 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.16%. The ex-dividend date of this dividend was Friday, August 30th. Golub Capital BDC's payout ratio is currently 76.85%.

Insiders Place Their Bets

In other news, Director Anita J. Rival acquired 26,000 shares of the stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $14.40 per share, for a total transaction of $374,400.00. Following the transaction, the director now directly owns 95,000 shares of the company's stock, valued at approximately $1,368,000. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Lawrence E. Golub acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was acquired at an average cost of $15.04 per share, for a total transaction of $300,800.00. Following the transaction, the chairman now directly owns 1,898,880 shares in the company, valued at $28,559,155.20. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anita J. Rival bought 26,000 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $14.40 per share, with a total value of $374,400.00. Following the acquisition, the director now owns 95,000 shares in the company, valued at approximately $1,368,000. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 146,000 shares of company stock valued at $2,159,400 over the last ninety days. 2.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Golub Capital BDC

A number of hedge funds have recently made changes to their positions in the stock. Hexagon Capital Partners LLC raised its holdings in Golub Capital BDC by 171.5% during the third quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company's stock worth $32,000 after buying an additional 1,355 shares during the last quarter. Allworth Financial LP raised its stake in shares of Golub Capital BDC by 135.6% in the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company's stock valued at $35,000 after buying an additional 1,347 shares during the period. Cove Street Capital LLC bought a new stake in Golub Capital BDC in the 2nd quarter valued at about $39,000. Quarry LP purchased a new stake in shares of Golub Capital BDC during the 2nd quarter valued at approximately $61,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Golub Capital BDC during the second quarter worth $71,000. 42.38% of the stock is currently owned by institutional investors.

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.