Golub Capital BDC, Inc. (NASDAQ:GBDC) Receives $16.40 Consensus Price Target from Analysts

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have earned an average rating of “Moderate Buy” from the five research firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $16.40.

Several equities analysts have recently weighed in on GBDC shares. Wells Fargo & Company decreased their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 21st. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th.

Golub Capital BDC Trading Down 0.7 %

Shares of Golub Capital BDC stock opened at $15.25 on Wednesday. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 1.15. Golub Capital BDC has a twelve month low of $14.05 and a twelve month high of $17.72. The firm has a market capitalization of $4.03 billion, a PE ratio of 10.82 and a beta of 0.54. The firm’s 50-day moving average price is $15.30 and its 200 day moving average price is $15.24.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 9th were issued a $0.39 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.56 annualized dividend and a dividend yield of 10.23%. Golub Capital BDC’s dividend payout ratio is presently 110.64%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Partners Group Holding AG raised its position in shares of Golub Capital BDC by 48.2% during the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock valued at $30,139,000 after buying an additional 648,855 shares during the period. Northeast Financial Consultants Inc raised its position in Golub Capital BDC by 151.8% in the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after purchasing an additional 1,268,442 shares during the period. BBR Partners LLC acquired a new position in shares of Golub Capital BDC in the 3rd quarter valued at $655,000. MQS Management LLC purchased a new position in shares of Golub Capital BDC during the 2nd quarter worth $575,000. Finally, Edge Capital Group LLC increased its position in shares of Golub Capital BDC by 42.5% during the 2nd quarter. Edge Capital Group LLC now owns 634,313 shares of the investment management company’s stock worth $9,965,000 after purchasing an additional 189,208 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

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.