Golub Capital BDC (NASDAQ:GBDC) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of Golub Capital BDC (NASDAQ:GBDC) from a sell rating to a hold rating in a research note published on Thursday.

A number of other analysts have also recently weighed in on GBDC. Wells Fargo & Company dropped their price target on 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 reiterated an outperform rating and set a $17.00 price target on shares of Golub Capital BDC in a research report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods dropped their price target on 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Golub Capital BDC presently has a consensus rating of Moderate Buy and a consensus price target of $16.40.

Golub Capital BDC Trading Up 0.2 %

Shares of NASDAQ GBDC opened at $15.09 on Thursday. The stock’s 50 day moving average price is $14.86 and its two-hundred day moving average price is $15.72. Golub Capital BDC has a 52-week low of $14.02 and a 52-week high of $17.72. The stock has a market capitalization of $2.59 billion, a P/E ratio of 7.43 and a beta of 0.53. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 1.06.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Monday, August 5th. The investment management company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $171.27 million for the quarter, compared to analyst estimates of $205.24 million. Golub Capital BDC had a return on equity of 11.99% and a net margin of 42.14%. During the same quarter in the previous year, the company posted $0.44 earnings per share. On average, analysts anticipate that Golub Capital BDC will post 1.92 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 10.34%. The ex-dividend date of this dividend was Friday, August 30th. Golub Capital BDC’s dividend payout ratio (DPR) is 76.85%.

Insider Buying and Selling

In other Golub Capital BDC news, CEO David Golub acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average cost of $14.68 per share, with a total value of $293,600.00. Following the acquisition, the chief executive officer now directly owns 1,738,880 shares of the company’s stock, valued at $25,526,758.40. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO David Golub purchased 20,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was purchased at an average cost of $14.68 per share, with a total value of $293,600.00. Following the purchase, the chief executive officer now owns 1,738,880 shares in the company, valued at $25,526,758.40. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anita J. Rival purchased 26,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were purchased at an average cost of $14.40 per share, with a total value of $374,400.00. Following the completion of the purchase, the director now owns 95,000 shares in the company, valued at $1,368,000. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 146,000 shares of company stock valued at $2,159,400 in the last three months. 2.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Golub Capital BDC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GBDC. Van ECK Associates Corp boosted its stake in shares of Golub Capital BDC by 22.3% during the 2nd quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company’s stock worth $55,190,000 after acquiring an additional 640,866 shares in the last quarter. Sound Income Strategies LLC boosted its stake in shares of Golub Capital BDC by 5.0% during the 3rd quarter. Sound Income Strategies LLC now owns 2,882,861 shares of the investment management company’s stock worth $43,560,000 after acquiring an additional 137,813 shares in the last quarter. Allen Investment Management LLC boosted its stake in shares of Golub Capital BDC by 6.9% during the 2nd quarter. Allen Investment Management LLC now owns 2,246,793 shares of the investment management company’s stock worth $35,297,000 after acquiring an additional 145,761 shares in the last quarter. Northeast Financial Consultants Inc boosted its stake in shares of Golub Capital BDC by 151.8% during the 2nd quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock worth $33,057,000 after acquiring an additional 1,268,442 shares in the last quarter. Finally, Arnhold LLC boosted its stake in shares of Golub Capital BDC by 0.8% during the 2nd quarter. Arnhold LLC now owns 1,319,200 shares of the investment management company’s stock worth $20,725,000 after acquiring an additional 11,000 shares in the last quarter. 42.38% of the stock is owned by institutional investors.

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.