Brokerages Set Golub Capital BDC, Inc. (NASDAQ:GBDC) PT at $16.40

Golub Capital BDC, Inc. (NASDAQ:GBDC) has received an average rating of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $16.40.

A number of brokerages have recently weighed in on GBDC. Wells Fargo & Company increased their price target on Golub Capital BDC from $15.00 to $15.50 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. StockNews.com lowered Golub Capital BDC from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Bank of America raised Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Monday, March 25th. Finally, Raymond James increased their price objective on Golub Capital BDC from $16.00 to $16.50 and gave the stock an “outperform” rating in a report on Tuesday, January 23rd.

Golub Capital BDC Stock Up 0.6 %

Shares of Golub Capital BDC stock opened at $17.21 on Friday. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.20. The business’s 50 day simple moving average is $16.13 and its 200-day simple moving average is $15.37. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 9.46 and a beta of 0.57. Golub Capital BDC has a twelve month low of $12.77 and a twelve month high of $17.27.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Monday, February 5th. The investment management company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The company had revenue of $164.77 million for the quarter, compared to analyst estimates of $160.93 million. Golub Capital BDC had a return on equity of 12.53% and a net margin of 48.94%. Equities research analysts forecast that Golub Capital BDC will post 1.95 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Thursday, May 2nd will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 9.06%. The ex-dividend date is Wednesday, May 1st. Golub Capital BDC’s payout ratio is currently 85.71%.

Hedge Funds Weigh In On Golub Capital BDC

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC lifted its position in shares of Golub Capital BDC by 4.6% during the 1st quarter. Sound Income Strategies LLC now owns 2,661,937 shares of the investment management company’s stock valued at $44,268,000 after acquiring an additional 116,366 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Golub Capital BDC by 8.7% in the fourth quarter. Van ECK Associates Corp now owns 2,472,926 shares of the investment management company’s stock valued at $37,341,000 after purchasing an additional 197,681 shares in the last quarter. Sage Mountain Advisors LLC lifted its holdings in shares of Golub Capital BDC by 5.1% in the fourth quarter. Sage Mountain Advisors LLC now owns 2,172,722 shares of the investment management company’s stock valued at $32,808,000 after purchasing an additional 106,411 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Golub Capital BDC by 4,797.5% in the fourth quarter. Cerity Partners LLC now owns 1,740,391 shares of the investment management company’s stock valued at $26,280,000 after purchasing an additional 1,704,855 shares in the last quarter. Finally, Arnhold LLC boosted its position in Golub Capital BDC by 0.3% during the third quarter. Arnhold LLC now owns 1,510,811 shares of the investment management company’s stock valued at $22,164,000 after purchasing an additional 4,000 shares during the last quarter. 42.38% of the stock is 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.