Golub Capital BDC Inc (GBDC) Receives Consensus Rating of “Hold” from Brokerages

Shares of Golub Capital BDC Inc (NASDAQ:GBDC) have received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $19.50.

A number of equities analysts have recently weighed in on GBDC shares. ValuEngine raised Golub Capital BDC from a “hold” rating to a “buy” rating in a research report on Saturday, December 9th. Zacks Investment Research lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday, November 23rd. National Securities reaffirmed a “neutral” rating and set a $19.00 target price on shares of Golub Capital BDC in a research report on Wednesday, November 22nd. Keefe, Bruyette & Woods set a $20.00 target price on Golub Capital BDC and gave the stock a “hold” rating in a research report on Friday, October 6th. Finally, BidaskClub raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd.

Institutional investors have recently made changes to their positions in the company. Atlantic Trust Group LLC grew its stake in shares of Golub Capital BDC by 388.8% during the 3rd quarter. Atlantic Trust Group LLC now owns 138,334 shares of the investment management company’s stock worth $2,603,000 after acquiring an additional 110,034 shares during the period. GSA Capital Partners LLP boosted its stake in Golub Capital BDC by 84.2% in the 3rd quarter. GSA Capital Partners LLP now owns 34,277 shares of the investment management company’s stock worth $645,000 after purchasing an additional 15,669 shares during the period. Neuberger Berman Group LLC bought a new position in Golub Capital BDC in the 3rd quarter worth about $261,000. California Public Employees Retirement System boosted its stake in Golub Capital BDC by 29.7% in the 3rd quarter. California Public Employees Retirement System now owns 39,301 shares of the investment management company’s stock worth $740,000 after purchasing an additional 9,001 shares during the period. Finally, First Republic Investment Management Inc. boosted its stake in Golub Capital BDC by 9.2% in the 3rd quarter. First Republic Investment Management Inc. now owns 265,425 shares of the investment management company’s stock worth $4,995,000 after purchasing an additional 22,395 shares during the period. 40.58% of the stock is owned by hedge funds and other institutional investors.

Golub Capital BDC (GBDC) traded up $0.11 during trading on Friday, hitting $18.02. The company’s stock had a trading volume of 268,500 shares, compared to its average volume of 328,288. The company has a market cap of $1,080.00, a PE ratio of 12.43, a price-to-earnings-growth ratio of 1.39 and a beta of 0.67. Golub Capital BDC has a 52-week low of $17.70 and a 52-week high of $20.50. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.56 and a quick ratio of 3.56.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Monday, November 20th. The investment management company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. The firm had revenue of $34.95 million for the quarter, compared to analysts’ expectations of $36.78 million. Golub Capital BDC had a return on equity of 7.90% and a net margin of 58.06%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 EPS. sell-side analysts expect that Golub Capital BDC will post 1.28 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Tuesday, December 12th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 7.10%. The ex-dividend date of this dividend was Monday, December 11th. Golub Capital BDC’s dividend payout ratio is presently 88.28%.

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Golub Capital BDC Company Profile

Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.

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