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

Golub Capital BDC, Inc. (NASDAQ:GBDCGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $16.38.

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

Read Our Latest Report on GBDC

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GBDC. Envestnet Asset Management Inc. increased its stake in shares of Golub Capital BDC by 15.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 261,076 shares of the investment management company’s stock valued at $4,102,000 after purchasing an additional 34,439 shares during the last quarter. ProShare Advisors LLC grew its position in Golub Capital BDC by 9.4% in the second quarter. ProShare Advisors LLC now owns 26,210 shares of the investment management company’s stock valued at $412,000 after acquiring an additional 2,262 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in Golub Capital BDC during the second quarter worth about $9,426,000. Edge Capital Group LLC lifted its holdings in shares of Golub Capital BDC by 42.5% in the second quarter. Edge Capital Group LLC now owns 634,313 shares of the investment management company’s stock worth $9,965,000 after acquiring an additional 189,208 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Golub Capital BDC in the second quarter worth about $5,845,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Price Performance

Shares of Golub Capital BDC stock opened at $15.47 on Friday. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 10.97 and a beta of 0.53. Golub Capital BDC has a twelve month low of $14.05 and a twelve month high of $17.72. The company has a 50-day simple moving average of $15.26 and a two-hundred day simple moving average of $15.17.

Golub Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 9th were given a dividend of $0.39 per share. The ex-dividend date was Monday, December 9th. This represents a $1.56 annualized dividend and a dividend yield of 10.08%. Golub Capital BDC’s dividend payout ratio is 110.64%.

Golub Capital BDC Company Profile

(Get Free Report

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.

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Analyst Recommendations for Golub Capital BDC (NASDAQ:GBDC)

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