Golub Capital BDC, Inc. (NASDAQ:GBDC) Plans Quarterly Dividend of $0.39

Golub Capital BDC, Inc. (NASDAQ:GBDC) declared a quarterly dividend on Friday, August 2nd, NASDAQ reports. Stockholders of record on Friday, August 30th will be given a dividend of 0.39 per share by the investment management company on Friday, September 27th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.37%. The ex-dividend date is Friday, August 30th.

Golub Capital BDC has a payout ratio of 86.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Golub Capital BDC to earn $1.81 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 86.2%.

Golub Capital BDC Trading Down 0.4 %

GBDC traded down $0.06 during trading on Wednesday, hitting $15.04. 722,498 shares of the company’s stock were exchanged, compared to its average volume of 1,111,188. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 1.26. Golub Capital BDC has a 1 year low of $13.95 and a 1 year high of $17.72. The stock has a 50 day moving average price of $15.28 and a 200 day moving average price of $15.92. The firm has a market cap of $2.58 billion, a P/E ratio of 7.44 and a beta of 0.52.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Monday, August 5th. The investment management company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Golub Capital BDC had a net margin of 53.05% and a return on equity of 13.03%. The company had revenue of $171.27 million for the quarter, compared to the consensus estimate of $205.24 million. During the same quarter last year, the company earned $0.44 earnings per share. As a group, analysts expect that Golub Capital BDC will post 1.95 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on GBDC. Oppenheimer reissued an “outperform” rating and set a $17.00 target price on shares of Golub Capital BDC in a report on Wednesday, August 7th. 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. Wells Fargo & Company reduced their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Golub Capital BDC has an average rating of “Moderate Buy” and a consensus target price of $16.40.

Insiders Place Their Bets

In other news, Director Anita J. Rival bought 26,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $14.40 per share, for a total transaction of $374,400.00. Following the completion of the acquisition, the director now directly owns 95,000 shares in the company, valued at approximately $1,368,000. The purchase was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Anita J. Rival purchased 26,000 shares of Golub Capital BDC stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $14.40 per share, with a total value of $374,400.00. Following the completion of the transaction, the director now directly owns 95,000 shares of the company’s stock, valued at $1,368,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Lawrence E. Golub acquired 88,748 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were acquired at an average cost of $16.03 per share, for a total transaction of $1,422,630.44. Following the transaction, the chairman now owns 1,357,628 shares of the company’s stock, valued at approximately $21,762,776.84. The disclosure for this purchase can be found here. Insiders bought a total of 667,015 shares of company stock worth $10,598,138 over the last ninety days. 2.70% of the stock is currently owned by company insiders.

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.