Golub Capital BDC, Inc. (NASDAQ:GBDC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Golub Capital BDC, Inc. (NASDAQ:GBDC) has been given an average recommendation of “Moderate Buy” by the five brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $16.40.

A number of analysts recently commented on the stock. StockNews.com cut shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Raymond James lowered Golub Capital BDC from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Finally, Wells Fargo & Company reduced their target price on Golub Capital BDC from $17.00 to $15.50 and set an “equal weight” rating on the stock in a report on Friday, July 26th.

Golub Capital BDC Stock Performance

GBDC stock opened at $14.73 on Friday. The business’s fifty day moving average is $15.76 and its 200-day moving average is $16.01. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 1.26. The company has a market cap of $2.53 billion, a P/E ratio of 7.26 and a beta of 0.52. Golub Capital BDC has a twelve month low of $13.78 and a twelve month high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Monday, May 6th. The investment management company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates 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 forecast that Golub Capital BDC will post 1.95 EPS for the current year.

Golub Capital BDC Dividend Announcement

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

Insider Buying and Selling at Golub Capital BDC

In other news, Chairman Lawrence E. Golub purchased 62,267 shares of the company’s stock in a transaction on Friday, June 7th. The shares were purchased at an average price of $16.06 per share, with a total value of $1,000,008.02. Following the purchase, the chairman now directly owns 1,268,880 shares of the company’s stock, valued at approximately $20,378,212.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Chairman Lawrence E. Golub purchased 62,267 shares of the company’s stock in a transaction on Friday, June 7th. The shares were purchased at an average price of $16.06 per share, with a total value of $1,000,008.02. Following the purchase, the chairman now directly owns 1,268,880 shares of the company’s stock, valued at approximately $20,378,212.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David Golub purchased 450,000 shares of the company’s stock in a transaction 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 purchase, the chief executive officer now directly owns 1,718,880 shares in the company, valued at $27,553,646.40. The disclosure for this purchase can be found here. Insiders have bought 601,015 shares of company stock valued at $9,636,138 in the last 90 days. 2.70% of the stock is currently owned by company insiders.

Institutional Trading of Golub Capital BDC

A number of hedge funds and other institutional investors have recently modified their holdings of GBDC. Private Trust Co. NA increased its position in shares of Golub Capital BDC by 1,005.0% in the fourth quarter. Private Trust Co. NA now owns 2,199 shares of the investment management company’s stock valued at $33,000 after acquiring an additional 2,000 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Golub Capital BDC in the first quarter valued at about $38,000. Cove Street Capital LLC acquired a new stake in shares of Golub Capital BDC in the second quarter valued at about $39,000. Nomura Asset Management Co. Ltd. increased its position in shares of Golub Capital BDC by 77.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 3,463 shares of the investment management company’s stock valued at $52,000 after acquiring an additional 1,508 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Golub Capital BDC by 39.1% in the first quarter. BNP Paribas Financial Markets now owns 6,898 shares of the investment management company’s stock valued at $115,000 after acquiring an additional 1,940 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

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.