Golub Capital BDC, Inc. (NASDAQ:GBDC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Golub Capital BDC, Inc. (NASDAQ:GBDC) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $16.40.

GBDC has been the topic of several research analyst reports. Keefe, Bruyette & Woods lowered their price objective on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Oppenheimer reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Golub Capital BDC in a research note on Wednesday, August 7th. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Wells Fargo & Company lowered 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 note on Wednesday, August 7th.

Insider Transactions at Golub Capital BDC

In other news, Chairman Lawrence E. Golub acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average price of $14.91 per share, with a total value of $298,200.00. Following the completion of the acquisition, the chairman now owns 1,998,880 shares of the company’s stock, valued at $29,803,300.80. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Golub Capital BDC news, Director Anita J. Rival purchased 26,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $14.40 per share, with a total value of $374,400.00. Following the purchase, the director now directly owns 95,000 shares in the company, valued at approximately $1,368,000. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Lawrence E. Golub bought 20,000 shares of the stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of $14.91 per share, with a total value of $298,200.00. Following the purchase, the chairman now owns 1,998,880 shares of the company’s stock, valued at $29,803,300.80. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 146,000 shares of company stock worth $2,159,400 in the last quarter. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Golub Capital BDC

Several institutional investors and hedge funds have recently modified their holdings of the company. Onyx Bridge Wealth Group LLC grew its position in Golub Capital BDC by 36.1% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 61,157 shares of the investment management company’s stock valued at $924,000 after acquiring an additional 16,213 shares in the last quarter. Naviter Wealth LLC grew its holdings in shares of Golub Capital BDC by 26.5% in the third quarter. Naviter Wealth LLC now owns 220,359 shares of the investment management company’s stock valued at $3,330,000 after purchasing an additional 46,145 shares in the last quarter. Amplius Wealth Advisors LLC increased its stake in Golub Capital BDC by 8.7% during the 3rd quarter. Amplius Wealth Advisors LLC now owns 48,224 shares of the investment management company’s stock worth $729,000 after buying an additional 3,841 shares during the period. Creative Planning increased its stake in Golub Capital BDC by 1,156.5% during the 3rd quarter. Creative Planning now owns 182,095 shares of the investment management company’s stock worth $2,751,000 after buying an additional 167,603 shares during the period. Finally, Redhawk Wealth Advisors Inc. lifted its holdings in Golub Capital BDC by 10.6% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 53,234 shares of the investment management company’s stock worth $804,000 after buying an additional 5,105 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Up 0.6 %

Golub Capital BDC stock opened at $15.44 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01. The stock has a market capitalization of $2.65 billion, a PE ratio of 7.61 and a beta of 0.53. The business has a 50 day simple moving average of $14.92 and a 200-day simple moving average of $15.69. Golub Capital BDC has a 12 month low of $14.02 and a 12 month high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Monday, August 5th. The investment management company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Golub Capital BDC had a return on equity of 11.99% and a net margin of 42.14%. The company had revenue of $171.27 million for the quarter, compared to analyst estimates of $205.24 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. On average, analysts anticipate that Golub Capital BDC will post 1.92 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.10%. The ex-dividend date was Friday, August 30th. Golub Capital BDC’s payout ratio is currently 76.85%.

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.