Keefe, Bruyette & Woods Analysts Give Golub Capital BDC, Inc. (GBDC) a $20.00 Price Target
Keefe, Bruyette & Woods set a $20.00 target price on Golub Capital BDC, Inc. (NASDAQ:GBDC) in a research note published on Friday morning. The firm currently has a hold rating on the investment management company’s stock.
GBDC has been the subject of several other research reports. National Securities restated a neutral rating and issued a $19.00 target price on shares of Golub Capital BDC in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Golub Capital BDC from a hold rating to a buy rating and set a $21.00 price objective for the company in a report on Tuesday, October 3rd. Finally, BidaskClub lowered shares of Golub Capital BDC from a hold rating to a sell rating in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Golub Capital BDC presently has a consensus rating of Hold and an average price target of $19.88.
Golub Capital BDC (NASDAQ GBDC) opened at 18.82 on Friday. The firm has a 50 day moving average of $18.69 and a 200-day moving average of $19.44. Golub Capital BDC has a 52-week low of $17.34 and a 52-week high of $20.50.
Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Monday, August 7th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The firm had revenue of $35.40 million during the quarter, compared to analyst estimates of $35.11 million. Golub Capital BDC had a net margin of 53.62% and a return on equity of 7.86%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business earned $0.35 EPS. On average, equities analysts forecast that Golub Capital BDC will post $1.25 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Wednesday, September 6th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $1.28 dividend on an annualized basis and a yield of 6.80%. Golub Capital BDC’s payout ratio is 96.24%.
In related news, Director William M. Iv Webster acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was bought at an average price of $18.46 per share, for a total transaction of $92,300.00. Following the acquisition, the director now directly owns 136,514 shares of the company’s stock, valued at approximately $2,520,048.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Global X Management Co. LLC lifted its holdings in Golub Capital BDC by 50.4% during the 1st quarter. Global X Management Co. LLC now owns 6,728 shares of the investment management company’s stock valued at $134,000 after buying an additional 2,254 shares in the last quarter. JPMorgan Chase & Co. increased its position in Golub Capital BDC by 219.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,042 shares of the investment management company’s stock valued at $210,000 after purchasing an additional 7,584 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Golub Capital BDC by 2.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 11,395 shares of the investment management company’s stock valued at $218,000 after purchasing an additional 298 shares during the period. Parametric Portfolio Associates LLC increased its position in Golub Capital BDC by 1.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 48,591 shares of the investment management company’s stock valued at $220,000 after purchasing an additional 631 shares during the period. Finally, IHT Wealth Management LLC increased its position in Golub Capital BDC by 22.7% during the 1st quarter. IHT Wealth Management LLC now owns 12,420 shares of the investment management company’s stock valued at $246,000 after purchasing an additional 2,300 shares during the period. Institutional investors own 41.58% of the company’s stock.
Golub Capital BDC Company Profile
Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.
Receive News & Stock Ratings for Golub Capital BDC Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golub Capital BDC Inc. and related stocks with our FREE daily email newsletter.