Golub Capital BDC Inc. (GBDC) Upgraded by Zacks Investment Research to Hold
According to Zacks, “Golub Capital BDC Inc. is a business development company that principally invests in senior secured, unitranche, mezzanine and second lien loans of middle-market companies that are, in most cases, sponsored by private equity investors. The Company’s investment activities are managed by its investment adviser, GC Advisors LLC, an affiliate of Golub Capital. “
GBDC has been the subject of a number of other reports. Janney Montgomery Scott initiated coverage on shares of Golub Capital BDC in a report on Tuesday, September 20th. They issued a neutral rating and a $18.00 price objective for the company. TheStreet upgraded shares of Golub Capital BDC from a hold rating to a buy rating in a report on Wednesday, August 10th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $17.83.
Golub Capital BDC (NASDAQ:GBDC) traded down 0.27% during mid-day trading on Wednesday, reaching $18.55. The company had a trading volume of 2,443 shares. The company’s 50-day moving average is $18.78 and its 200-day moving average is $17.98. Golub Capital BDC has a one year low of $14.80 and a one year high of $19.76.
Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Wednesday, August 3rd. The investment management company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Golub Capital BDC had a net margin of 57.18% and a return on equity of 7.75%. The company earned $32.10 million during the quarter, compared to analyst estimates of $33.01 million. During the same period in the previous year, the business earned $0.36 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities analysts forecast that Golub Capital BDC will post $1.28 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Monday, September 5th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date was Wednesday, August 31st. Golub Capital BDC’s dividend payout ratio (DPR) is presently 90.78%.
In related news, Director John Thomas Baily bought 8,250 shares of the business’s stock in a transaction on Monday, August 15th. The stock was acquired at an average price of $18.35 per share, with a total value of $151,387.50. Following the transaction, the director now owns 23,179 shares in the company, valued at approximately $425,334.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.50% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the stock. Commonwealth Equity Services Inc increased its stake in shares of Golub Capital BDC by 2.5% in the first quarter. Commonwealth Equity Services Inc now owns 39,028 shares of the investment management company’s stock worth $676,000 after buying an additional 951 shares during the last quarter. BlackRock Group LTD increased its stake in shares of Golub Capital BDC by 7.3% in the first quarter. BlackRock Group LTD now owns 240,558 shares of the investment management company’s stock worth $4,164,000 after buying an additional 16,287 shares during the last quarter. Berkeley Capital Partners LLC acquired a new stake in shares of Golub Capital BDC during the first quarter worth about $640,000. UBS Group AG increased its stake in shares of Golub Capital BDC by 2.1% in the first quarter. UBS Group AG now owns 1,281,784 shares of the investment management company’s stock worth $22,188,000 after buying an additional 25,806 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Golub Capital BDC by 26.3% in the first quarter. Legal & General Group Plc now owns 99,432 shares of the investment management company’s stock worth $1,720,000 after buying an additional 20,696 shares during the last quarter. 42.47% of the stock is owned by hedge funds and other institutional investors.
About Golub Capital BDC
Golub Capital BDC Inc is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured, one stop, second lien and subordinated loans of, and warrants and minority equity securities in, United States middle market companies.
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