BidaskClub upgraded shares of Golub Capital BDC (NASDAQ:GBDC) from a sell rating to a hold rating in a report released on Wednesday morning.
Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Golub Capital BDC from a hold rating to a buy rating and set a $21.00 target price on the stock in a research report on Monday, December 3rd. National Securities increased their target price on shares of Golub Capital BDC from $21.00 to $22.00 and gave the company a buy rating in a research report on Friday, November 30th.
Shares of GBDC traded up $0.10 during midday trading on Wednesday, reaching $18.18. The stock had a trading volume of 264,268 shares, compared to its average volume of 311,231. Golub Capital BDC has a 1-year low of $16.21 and a 1-year high of $19.89. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 6.94 and a beta of 0.60. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.87.
Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Wednesday, November 28th. The investment management company reported $0.32 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.32. The firm had revenue of $40.40 million for the quarter, compared to the consensus estimate of $38.74 million. Golub Capital BDC had a net margin of 53.87% and a return on equity of 8.02%. The company’s revenue was up 15.4% on a year-over-year basis. During the same period last year, the firm posted $0.32 EPS. On average, analysts predict that Golub Capital BDC will post 1.3 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 28th. Investors of record on Wednesday, December 12th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.04%. The ex-dividend date was Tuesday, December 11th. Golub Capital BDC’s dividend payout ratio (DPR) is 99.22%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sound Income Strategies LLC grew its position in Golub Capital BDC by 3.7% during the 4th quarter. Sound Income Strategies LLC now owns 592,959 shares of the investment management company’s stock worth $9,778,000 after purchasing an additional 21,010 shares during the last quarter. Confluence Investment Management LLC grew its position in Golub Capital BDC by 2.5% during the 4th quarter. Confluence Investment Management LLC now owns 687,538 shares of the investment management company’s stock worth $11,337,000 after purchasing an additional 16,801 shares during the last quarter. Neuberger Berman Group LLC grew its position in Golub Capital BDC by 1.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 49,799 shares of the investment management company’s stock worth $933,000 after purchasing an additional 658 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in Golub Capital BDC during the 3rd quarter worth $158,000. Finally, Legal & General Group Plc boosted its holdings in shares of Golub Capital BDC by 1.9% in the third quarter. Legal & General Group Plc now owns 241,182 shares of the investment management company’s stock valued at $4,525,000 after acquiring an additional 4,382 shares in the last quarter. 36.56% of the stock is currently owned by hedge funds and other institutional investors.
Golub Capital BDC Company Profile
Golub Capital BDC, Inc 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. The company seeks to invest in the United States.
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