Golub Capital BDC (NASDAQ:GBDC) Stock Rating Upgraded by Bank of America

Bank of America upgraded shares of Golub Capital BDC (NASDAQ:GBDC) from a neutral rating to a buy rating in a report published on Monday, Marketbeat.com reports. They currently have $17.00 price target on the investment management company’s stock.

A number of other research analysts also recently issued reports on the company. Raymond James boosted their price objective on Golub Capital BDC from $16.00 to $16.50 and gave the company an outperform rating in a research note on Tuesday, January 23rd. StockNews.com downgraded shares of Golub Capital BDC from a buy rating to a hold rating in a research report on Wednesday, March 20th. Finally, Wells Fargo & Company raised their price target on shares of Golub Capital BDC from $15.00 to $15.50 and gave the stock an equal weight rating in a report on Monday, January 29th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Golub Capital BDC has a consensus rating of Moderate Buy and an average target price of $16.40.

Golub Capital BDC Stock Up 0.4 %

Shares of NASDAQ:GBDC opened at $16.35 on Monday. The business has a fifty day simple moving average of $15.69 and a 200 day simple moving average of $15.07. Golub Capital BDC has a 12-month low of $12.77 and a 12-month high of $16.43. The firm has a market cap of $2.79 billion, a P/E ratio of 8.98 and a beta of 0.57. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.20.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Monday, February 5th. The investment management company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The company had revenue of $164.77 million during the quarter, compared to analyst estimates of $160.93 million. Golub Capital BDC had a return on equity of 12.53% and a net margin of 48.94%. Analysts predict that Golub Capital BDC will post 1.93 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The company also recently announced a Variable dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 15th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. Golub Capital BDC’s dividend payout ratio is currently 85.71%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GBDC. Quadrature Capital Ltd lifted its position in Golub Capital BDC by 64.4% in the 4th quarter. Quadrature Capital Ltd now owns 24,188 shares of the investment management company’s stock valued at $365,000 after acquiring an additional 9,472 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Golub Capital BDC by 223.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,000 shares of the investment management company’s stock worth $211,000 after purchasing an additional 9,676 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Golub Capital BDC by 4.3% in the fourth quarter. Chicago Partners Investment Group LLC now owns 18,575 shares of the investment management company’s stock worth $286,000 after purchasing an additional 771 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Golub Capital BDC by 7.4% in the fourth quarter. Legal & General Group Plc now owns 1,331,892 shares of the investment management company’s stock valued at $20,118,000 after purchasing an additional 91,443 shares in the last quarter. Finally, Freedom Investment Management Inc. boosted its position in shares of Golub Capital BDC by 6.0% during the fourth quarter. Freedom Investment Management Inc. now owns 22,573 shares of the investment management company’s stock valued at $341,000 after buying an additional 1,286 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

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.