Analysts Set Golub Capital BDC, Inc. (NASDAQ:GBDC) Target Price at $16.38

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

GBDC has been the topic of a number of analyst reports. Wells Fargo & Company decreased their price objective on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 21st. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Monday.

Institutional Trading of Golub Capital BDC

Institutional investors and hedge funds have recently modified their holdings of the business. Partners Group Holding AG increased its position in shares of Golub Capital BDC by 48.2% in the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock worth $30,139,000 after purchasing an additional 648,855 shares during the last quarter. Barclays PLC grew its stake in Golub Capital BDC by 45.5% in the 3rd quarter. Barclays PLC now owns 190,132 shares of the investment management company’s stock worth $2,873,000 after buying an additional 59,443 shares in the last quarter. Eagle Bay Advisors LLC increased its holdings in shares of Golub Capital BDC by 82.1% in the 4th quarter. Eagle Bay Advisors LLC now owns 183,602 shares of the investment management company’s stock worth $2,783,000 after buying an additional 82,787 shares during the last quarter. BBR Partners LLC purchased a new stake in shares of Golub Capital BDC during the 3rd quarter valued at $655,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Golub Capital BDC by 30.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 115,058 shares of the investment management company’s stock worth $1,744,000 after acquiring an additional 26,764 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

GBDC opened at $14.58 on Monday. The firm has a 50-day moving average price of $15.44 and a 200-day moving average price of $15.26. Golub Capital BDC has a twelve month low of $14.05 and a twelve month high of $17.72. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 10.57 and a beta of 0.50.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. Equities analysts expect that Golub Capital BDC will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 10.70%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC’s payout ratio is 113.04%.

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.