Golub Capital BDC (NASDAQ:GBDC) Upgraded at StockNews.com

StockNews.com upgraded shares of Golub Capital BDC (NASDAQ:GBDC) from a sell rating to a hold rating in a report released on Friday morning.

A number of other brokerages have also commented on GBDC. Keefe, Bruyette & Woods cut their price objective on shares of Golub Capital BDC from $17.50 to $16.50 and set an outperform rating on the stock in a research report on Wednesday, August 7th. Oppenheimer reissued an outperform rating and issued a $17.00 price objective on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company cut their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an equal weight rating on the stock in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $16.40.

Golub Capital BDC Stock Down 0.2 %

Golub Capital BDC stock opened at $14.89 on Friday. The stock has a market capitalization of $2.55 billion, a PE ratio of 7.33 and a beta of 0.53. Golub Capital BDC has a twelve month low of $13.95 and a twelve month high of $17.72. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 1.06. The company has a 50 day moving average of $14.98 and a 200-day moving average of $15.82.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Monday, August 5th. The investment management company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $171.27 million during the quarter, compared to analyst estimates of $205.24 million. Golub Capital BDC had a net margin of 42.14% and a return on equity of 11.99%. During the same quarter last year, the company earned $0.44 EPS. On average, equities research 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 disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.48%. The ex-dividend date is Friday, August 30th. Golub Capital BDC’s payout ratio is presently 76.85%.

Insider Activity

In related news, CEO David Golub acquired 20,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were bought at an average cost of $14.68 per share, with a total value of $293,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,738,880 shares of the company’s stock, valued at $25,526,758.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other Golub Capital BDC news, CEO David Golub purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average cost of $14.68 per share, for a total transaction of $293,600.00. Following the completion of the purchase, the chief executive officer now owns 1,738,880 shares of the company’s stock, valued at approximately $25,526,758.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Anita J. Rival purchased 26,000 shares of the firm’s stock in a transaction that occurred 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 purchase, the director now directly owns 95,000 shares of the company’s stock, valued at approximately $1,368,000. The disclosure for this purchase can be found here. Insiders have purchased 146,000 shares of company stock valued at $2,159,400 over the last ninety days. 2.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Golub Capital BDC

Large investors have recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new stake in Golub Capital BDC during the first quarter worth about $38,000. Cove Street Capital LLC acquired a new stake in Golub Capital BDC during the second quarter worth about $39,000. Nomura Asset Management Co. Ltd. grew its stake in Golub Capital BDC by 77.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,463 shares of the investment management company’s stock worth $52,000 after buying an additional 1,508 shares in the last quarter. Quarry LP acquired a new stake in shares of Golub Capital BDC in the 2nd quarter valued at approximately $61,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Golub Capital BDC in the 2nd quarter valued at approximately $71,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

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.