Golub Capital BDC Inc (NASDAQ:GBDC) has earned an average recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $11.75.
GBDC has been the topic of several research reports. BidaskClub upgraded Golub Capital BDC from a “hold” rating to a “buy” rating in a research report on Friday, May 29th. Zacks Investment Research downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Friday, May 15th. Wells Fargo & Co dropped their target price on Golub Capital BDC from $19.50 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, March 25th. Bank of America reissued a “neutral” rating and issued a $11.50 target price (down from $13.50) on shares of Golub Capital BDC in a report on Wednesday, May 13th. Finally, ValuEngine downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd.
Shares of GBDC traded down $0.61 during mid-day trading on Monday, hitting $11.74. 31,814 shares of the company’s stock traded hands, compared to its average volume of 1,078,589. The company has a quick ratio of 3.79, a current ratio of 3.79 and a debt-to-equity ratio of 1.20. Golub Capital BDC has a 1 year low of $9.08 and a 1 year high of $19.14. The firm has a market capitalization of $1.65 billion, a P/E ratio of -5.77 and a beta of 0.58. The business’s 50-day moving average price is $11.21 and its 200-day moving average price is $15.19.
Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Monday, May 11th. The investment management company reported $0.33 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. Golub Capital BDC had a positive return on equity of 6.59% and a negative net margin of 96.69%. The firm had revenue of $75.12 million for the quarter, compared to analysts’ expectations of $84.58 million. During the same period in the previous year, the firm earned $0.31 earnings per share. Sell-side analysts anticipate that Golub Capital BDC will post 1 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Tuesday, June 9th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 9.88%. The ex-dividend date is Monday, June 8th. Golub Capital BDC’s dividend payout ratio is currently 91.34%.
Several hedge funds have recently bought and sold shares of GBDC. HighTower Advisors LLC increased its position in Golub Capital BDC by 10.5% during the first quarter. HighTower Advisors LLC now owns 584,347 shares of the investment management company’s stock valued at $7,347,000 after acquiring an additional 55,577 shares during the last quarter. Griffin Asset Management Inc. purchased a new stake in Golub Capital BDC during the first quarter valued at $305,000. RiverNorth Capital Management LLC increased its position in Golub Capital BDC by 2,098.9% in the first quarter. RiverNorth Capital Management LLC now owns 1,330,677 shares of the investment management company’s stock worth $16,713,000 after buying an additional 1,270,162 shares in the last quarter. Advisor Group Holdings Inc. purchased a new stake in Golub Capital BDC in the first quarter worth about $218,000. Finally, Caxton Associates LP purchased a new stake in Golub Capital BDC in the first quarter worth about $204,000. Hedge funds and other institutional investors own 41.63% of the company’s stock.
Golub Capital BDC Company Profile
Golub Capital BDC, Inc 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. The company seeks to invest in the United States.
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