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

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Get Free Report) have earned an average recommendation of "Moderate Buy" from the five brokerages that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $16.50.

Several equities research analysts have recently issued reports on the stock. 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. StockNews.com raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Thursday, October 10th. Oppenheimer reaffirmed an "outperform" rating and set a $17.00 price objective on shares of Golub Capital BDC in a report on Wednesday, August 7th. Finally, Wells Fargo & Company lifted their price objective on shares of Golub Capital BDC from $15.00 to $15.50 and gave the stock an "equal weight" rating in a report on Tuesday, October 29th.

Golub Capital BDC Trading Up 0.5 %

Shares of Golub Capital BDC stock traded up $0.07 during trading on Tuesday, hitting $15.00. The company's stock had a trading volume of 869,100 shares, compared to its average volume of 1,162,245. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01. Golub Capital BDC has a 52 week low of $14.05 and a 52 week high of $17.72. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 9.05 and a beta of 0.54. The stock has a 50-day moving average price of $15.07 and a two-hundred day moving average price of $15.58.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings data 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 company had revenue of $171.27 million for the quarter, compared to the consensus estimate of $205.24 million. Golub Capital BDC had a return on equity of 11.99% and a net margin of 42.14%. During the same period last year, the company earned $0.44 EPS. Equities research analysts anticipate that Golub Capital BDC will post 1.92 EPS for the current fiscal year.

Insider Activity

In other news, Director Anita J. Rival purchased 26,000 shares of the company's stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the completion of the transaction, the director now directly owns 95,000 shares in the company, valued at $1,368,000. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Golub Capital BDC news, Director Anita J. Rival acquired 26,000 shares of the stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $14.40 per share, for a total transaction of $374,400.00. Following the completion of the transaction, the director now directly owns 95,000 shares of the company's stock, valued at $1,368,000. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Golub bought 20,000 shares of Golub Capital BDC stock in a transaction dated Monday, August 19th. The stock was purchased at an average cost of $14.70 per share, for a total transaction of $294,000.00. Following the purchase, the chief executive officer now owns 1,758,880 shares of the company's stock, valued at approximately $25,855,536. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 146,000 shares of company stock valued at $2,159,400 over the last three months. Insiders own 0.01% of the company's stock.

Institutional Trading of Golub Capital BDC

A number of institutional investors have recently modified their holdings of the company. Northeast Financial Consultants Inc lifted its stake in Golub Capital BDC by 151.8% during the 2nd quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company's stock valued at $33,057,000 after acquiring an additional 1,268,442 shares during the period. Millennium Management LLC grew its holdings in shares of Golub Capital BDC by 1,170.6% in the second quarter. Millennium Management LLC now owns 786,569 shares of the investment management company's stock valued at $12,357,000 after purchasing an additional 724,662 shares during the period. Boston Partners purchased a new position in Golub Capital BDC during the first quarter worth about $12,126,000. Van ECK Associates Corp lifted its position in shares of Golub Capital BDC by 22.3% during the second quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company's stock worth $55,190,000 after purchasing an additional 640,866 shares in the last quarter. Finally, 1832 Asset Management L.P. acquired a new stake in shares of Golub Capital BDC during the second quarter worth about $9,426,000. 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.