Golub Capital BDC (NASDAQ:GBDC) Price Target Cut to $15.50

Golub Capital BDC (NASDAQ:GBDC) had its target price decreased by Wells Fargo & Company from $17.00 to $15.50 in a report released on Friday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the investment management company’s stock.

Other equities analysts have also issued research reports about the stock. StockNews.com lowered shares of Golub Capital BDC from a buy rating to a hold rating in a research report on Wednesday, July 24th. Raymond James lowered shares of Golub Capital BDC from an outperform rating to a market perform rating in a research report on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Golub Capital BDC has an average rating of Moderate Buy and an average target price of $16.40.

Golub Capital BDC Stock Down 0.1 %

Shares of NASDAQ GBDC opened at $15.44 on Friday. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.26. Golub Capital BDC has a 52 week low of $13.78 and a 52 week high of $17.72. The firm has a 50-day moving average price of $15.85 and a 200 day moving average price of $16.01. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 7.61 and a beta of 0.52.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Monday, May 6th. The investment management company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $164.23 million during the quarter, compared to analyst estimates of $163.61 million. Golub Capital BDC had a net margin of 53.05% and a return on equity of 13.03%. Equities research analysts anticipate that Golub Capital BDC will post 1.95 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently announced a None dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 16th will be issued a $0.05 dividend. The ex-dividend date is Friday, August 16th. Golub Capital BDC’s payout ratio is 76.85%.

Insider Activity at Golub Capital BDC

In related news, CEO David Golub bought 450,000 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was purchased at an average cost of $16.03 per share, for a total transaction of $7,213,500.00. Following the completion of the acquisition, the chief executive officer now owns 1,718,880 shares in the company, valued at $27,553,646.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Golub Capital BDC news, CEO David Golub acquired 450,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was bought at an average cost of $16.03 per share, for a total transaction of $7,213,500.00. Following the completion of the purchase, the chief executive officer now directly owns 1,718,880 shares in the company, valued at $27,553,646.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Lawrence E. Golub acquired 88,748 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were acquired at an average price of $16.03 per share, with a total value of $1,422,630.44. Following the completion of the purchase, the chairman now owns 1,357,628 shares of the company’s stock, valued at $21,762,776.84. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 601,015 shares of company stock worth $9,636,138. 2.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Golub Capital BDC

Several institutional investors have recently bought and sold shares of the business. Neville Rodie & Shaw Inc. lifted its position in shares of Golub Capital BDC by 1.2% during the first quarter. Neville Rodie & Shaw Inc. now owns 53,842 shares of the investment management company’s stock worth $895,000 after purchasing an additional 622 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Golub Capital BDC by 4.3% during 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 in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in Golub Capital BDC by 3.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 33,077 shares of the investment management company’s stock valued at $550,000 after acquiring an additional 970 shares in the last quarter. Onyx Bridge Wealth Group LLC raised its holdings in Golub Capital BDC by 2.6% in the second quarter. Onyx Bridge Wealth Group LLC now owns 44,944 shares of the investment management company’s stock valued at $706,000 after acquiring an additional 1,123 shares in the last quarter. Finally, Albion Financial Group UT raised its holdings in shares of Golub Capital BDC by 1.1% during the second quarter. Albion Financial Group UT now owns 113,631 shares of the investment management company’s stock worth $1,785,000 after purchasing an additional 1,182 shares during the period. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

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.