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

Golub Capital BDC, Inc. (NASDAQ:GBDC) has been given a consensus rating of “Moderate Buy” by the seven analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $13.90.

GBDC has been the topic of several recent research reports. Wall Street Zen raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Golub Capital BDC in a research report on Wednesday, June 24th. Zacks Research raised Golub Capital BDC from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Royal Bank Of Canada reduced their price target on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Golub Capital BDC from $14.00 to $13.50 and set an “outperform” rating for the company in a report on Wednesday, August 5th.

Insider Activity

In other news, Director Lawrence E. Golub sold 1,676,387 shares of Golub Capital BDC stock in a transaction on Friday, August 7th. The shares were sold at an average price of $13.06, for a total transaction of $21,893,614.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GBDC. HighTower Advisors LLC grew its position in shares of Golub Capital BDC by 4.2% in the 2nd quarter. HighTower Advisors LLC now owns 7,345,885 shares of the investment management company’s stock valued at $94,615,000 after buying an additional 299,240 shares during the last quarter. HB Wealth Management LLC raised its position in shares of Golub Capital BDC by 20.2% during the second quarter. HB Wealth Management LLC now owns 179,528 shares of the investment management company’s stock worth $2,312,000 after acquiring an additional 30,187 shares during the last quarter. Compass Financial Management LLC acquired a new position in shares of Golub Capital BDC in the second quarter worth approximately $559,000. Headlands Technologies LLC boosted its holdings in Golub Capital BDC by 179.1% in the second quarter. Headlands Technologies LLC now owns 91,617 shares of the investment management company’s stock valued at $1,180,000 after acquiring an additional 58,794 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in Golub Capital BDC by 11.0% during the 2nd quarter. Van ECK Associates Corp now owns 4,710,275 shares of the investment management company’s stock valued at $60,668,000 after purchasing an additional 466,249 shares during the period. 42.38% of the stock is owned by institutional investors and hedge funds.

Golub Capital BDC Price Performance

GBDC stock opened at $13.03 on Monday. The company has a 50 day simple moving average of $12.95 and a 200 day simple moving average of $12.84. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 20.05 and a beta of 0.39. Golub Capital BDC has a 1 year low of $11.77 and a 1 year high of $14.93. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.33 and a quick ratio of 1.33.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $98.53 million for the quarter, compared to analyst estimates of $189.91 million. Golub Capital BDC had a net margin of 21.45% and a return on equity of 9.91%. During the same quarter last year, the business posted $0.39 earnings per share. Research analysts anticipate that Golub Capital BDC will post 1.36 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, September 14th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 10.1%. The ex-dividend date is Monday, September 14th. Golub Capital BDC’s dividend payout ratio is 203.08%.

Golub Capital BDC Company Profile

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.