Analysts Set Golub Capital BDC, Inc. (NASDAQ:GBDC) Price Target at $16.40

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $16.40.

Several equities analysts have recently issued reports on the company. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Wells Fargo & Company reduced 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. Oppenheimer restated an “outperform” rating and issued a $17.00 price objective on shares of Golub Capital BDC in a report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GBDC. SG Americas Securities LLC purchased a new stake in shares of Golub Capital BDC during the first quarter worth about $878,000. Baillie Gifford & Co. raised its holdings in shares of Golub Capital BDC by 37.5% in the first quarter. Baillie Gifford & Co. now owns 307,486 shares of the investment management company’s stock worth $5,113,000 after buying an additional 83,787 shares during the last quarter. Abundance Wealth Counselors lifted its stake in shares of Golub Capital BDC by 289.2% during the second quarter. Abundance Wealth Counselors now owns 187,345 shares of the investment management company’s stock worth $2,943,000 after buying an additional 139,212 shares during the period. TCW Group Inc. grew its holdings in shares of Golub Capital BDC by 63.0% during the second quarter. TCW Group Inc. now owns 430,702 shares of the investment management company’s stock valued at $6,766,000 after buying an additional 166,480 shares during the last quarter. Finally, Sound Income Strategies LLC raised its stake in Golub Capital BDC by 4.6% in the 1st quarter. Sound Income Strategies LLC now owns 2,661,937 shares of the investment management company’s stock worth $44,268,000 after acquiring an additional 116,366 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors.

Golub Capital BDC Trading Up 0.6 %

NASDAQ GBDC opened at $15.24 on Friday. 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 stock’s 50-day simple moving average is $14.88 and its two-hundred day simple moving average is $15.70. Golub Capital BDC has a twelve month low of $14.02 and a twelve month high of $17.72. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 7.51 and a beta of 0.53.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Monday, August 5th. The investment management company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). Golub Capital BDC had a net margin of 42.14% and a return on equity of 11.99%. The business had revenue of $171.27 million for the quarter, compared to the consensus estimate of $205.24 million. During the same period in the prior year, the business posted $0.44 EPS. Research analysts forecast that Golub Capital BDC will post 1.92 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.56 dividend on an annualized basis and a yield of 10.24%. Golub Capital BDC’s dividend payout ratio is presently 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.