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

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) have received an average rating of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $16.40.

A number of analysts recently weighed in on GBDC shares. Keefe, Bruyette & Woods decreased their target price on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday. Oppenheimer reissued an “outperform” rating and set a $17.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company decreased their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 21st.

Insider Buying and Selling at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 20,000 shares of Golub Capital BDC stock in a transaction on Thursday, September 5th. The shares were acquired at an average cost of $14.91 per share, for a total transaction of $298,200.00. Following the completion of the transaction, the chairman now directly owns 1,998,880 shares of the company’s stock, valued at approximately $29,803,300.80. The trade was a 1.01 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Golub Capital BDC

A number of institutional investors have recently made changes to their positions in GBDC. Tidal Investments LLC lifted its stake in Golub Capital BDC by 7.3% in the first quarter. Tidal Investments LLC now owns 65,932 shares of the investment management company’s stock worth $1,096,000 after purchasing an additional 4,471 shares during the last quarter. Virtu Financial LLC purchased a new stake in Golub Capital BDC during the 1st quarter valued at about $257,000. Cetera Advisors LLC purchased a new stake in Golub Capital BDC during the 1st quarter valued at about $995,000. Boston Partners bought a new position in Golub Capital BDC during the 1st quarter worth approximately $12,126,000. Finally, Confluence Investment Management LLC lifted its position in Golub Capital BDC by 1.5% in the second quarter. Confluence Investment Management LLC now owns 336,119 shares of the investment management company’s stock valued at $5,280,000 after purchasing an additional 4,835 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Trading Up 1.7 %

Shares of GBDC opened at $15.67 on Friday. Golub Capital BDC has a twelve month low of $14.05 and a twelve month high of $17.72. The stock has a market cap of $4.14 billion, a PE ratio of 11.11 and a beta of 0.54. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15. The business’s 50-day moving average price is $15.24 and its 200-day moving average price is $15.39.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 9th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.56 dividend on an annualized basis and a yield of 9.96%. Golub Capital BDC’s dividend payout ratio is presently 110.64%.

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.