Golub Capital BDC, Inc. (NASDAQ:GBDC) Given Average Rating of “Buy” by Brokerages

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have been assigned an average recommendation of “Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $14.3750.

Several research analysts have weighed in on the stock. Lucid Cap Mkts raised shares of Golub Capital BDC to a “strong-buy” rating in a report on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Golub Capital BDC in a report on Friday, March 27th. Wall Street Zen cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Sunday, March 15th. Keefe, Bruyette & Woods lowered their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Finally, Wells Fargo & Company lowered their price target on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, February 6th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Comprehensive Money Management Services LLC grew its position in shares of Golub Capital BDC by 7.8% during the 3rd quarter. Comprehensive Money Management Services LLC now owns 12,500 shares of the investment management company’s stock worth $171,000 after purchasing an additional 900 shares in the last quarter. Colton Groome Financial Advisors LLC grew its position in shares of Golub Capital BDC by 9.0% during the 3rd quarter. Colton Groome Financial Advisors LLC now owns 11,078 shares of the investment management company’s stock worth $152,000 after purchasing an additional 913 shares in the last quarter. Anchor Investment Management LLC grew its position in shares of Golub Capital BDC by 0.4% during the 2nd quarter. Anchor Investment Management LLC now owns 280,435 shares of the investment management company’s stock worth $4,108,000 after purchasing an additional 1,012 shares in the last quarter. Truist Financial Corp grew its position in shares of Golub Capital BDC by 5.6% during the 3rd quarter. Truist Financial Corp now owns 19,603 shares of the investment management company’s stock worth $268,000 after purchasing an additional 1,035 shares in the last quarter. Finally, Keel Point LLC grew its position in shares of Golub Capital BDC by 2.7% during the 2nd quarter. Keel Point LLC now owns 39,845 shares of the investment management company’s stock worth $584,000 after purchasing an additional 1,039 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Trading Down 1.5%

Shares of Golub Capital BDC stock opened at $12.64 on Thursday. The business has a fifty day simple moving average of $12.49 and a two-hundred day simple moving average of $13.35. Golub Capital BDC has a 1 year low of $11.77 and a 1 year high of $15.63. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 10.11 and a beta of 0.40. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.24 and a quick ratio of 2.24.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.The business had revenue of $110.18 million during the quarter, compared to the consensus estimate of $208.89 million. During the same quarter last year, the firm posted $0.42 EPS. Research analysts forecast that Golub Capital BDC will post 1.6 EPS for the current year.

Golub Capital BDC Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 13th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date was Friday, March 13th. Golub Capital BDC’s dividend payout ratio is presently 105.60%.

About Golub Capital BDC

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.