Golub Capital BDC (NASDAQ:GBDC) Upgraded at StockNews.com

StockNews.com upgraded shares of Golub Capital BDC (NASDAQ:GBDC) from a sell rating to a hold rating in a research note released on Monday morning.

Separately, Wells Fargo & Company dropped their target price 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 Thursday, November 21st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $16.38.

Golub Capital BDC Stock Down 0.4 %

Shares of GBDC stock opened at $14.58 on Monday. Golub Capital BDC has a one year low of $14.05 and a one year high of $17.72. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94. The stock has a fifty day moving average price of $15.44 and a 200 day moving average price of $15.26. The stock has a market cap of $3.87 billion, a P/E ratio of 10.57 and a beta of 0.50.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. Analysts predict that Golub Capital BDC will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.39 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 10.70%. Golub Capital BDC’s payout ratio is currently 113.04%.

Hedge Funds Weigh In On Golub Capital BDC

Several institutional investors have recently made changes to their positions in the stock. Castlekeep Investment Advisors LLC bought a new stake in shares of Golub Capital BDC in the 4th quarter worth $19,145,000. Millennium Management LLC grew its holdings in Golub Capital BDC by 168.0% during the 4th quarter. Millennium Management LLC now owns 1,909,304 shares of the investment management company’s stock valued at $28,945,000 after buying an additional 1,196,800 shares in the last quarter. Bank of America Corp DE grew its position in shares of Golub Capital BDC by 77.8% during the 4th quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company’s stock valued at $33,559,000 after purchasing an additional 968,525 shares in the last quarter. Atria Investments Inc increased its position in shares of Golub Capital BDC by 912.0% in the fourth quarter. Atria Investments Inc now owns 983,286 shares of the investment management company’s stock worth $14,907,000 after purchasing an additional 886,123 shares during the last quarter. Finally, Sage Mountain Advisors LLC increased its stake in Golub Capital BDC by 38.8% in the fourth quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company’s stock valued at $38,043,000 after acquiring an additional 701,594 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.