Golub Capital BDC, Inc. (NASDAQ:GBDC) Receives $14.38 Consensus Price Target from Analysts

Golub Capital BDC, Inc. (NASDAQ:GBDC) has been given a consensus rating of “Buy” by the five analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $14.3750.

Several equities research analysts recently weighed in on GBDC shares. Lucid Cap Mkts raised Golub Capital BDC to a “strong-buy” rating in a report on Thursday, January 15th. Wells Fargo & Company lowered their target price on Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Wall Street Zen downgraded Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Sunday. Capital One Financial set a $15.00 price target on Golub Capital BDC in a research note on Thursday, January 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Golub Capital BDC in a report on Monday, December 29th.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC opened at $11.97 on Friday. Golub Capital BDC has a one year low of $11.77 and a one year high of $15.63. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.24 and a quick ratio of 2.24. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 9.58 and a beta of 0.45. The firm has a 50 day simple moving average of $12.91 and a 200 day simple moving average of $13.61.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.38. The firm had revenue of $110.18 million for the quarter, compared to analysts’ expectations of $208.89 million. Golub Capital BDC had a net margin of 38.57% and a return on equity of 10.37%. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Research analysts predict that Golub Capital BDC will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 11.0%. The ex-dividend date of this dividend is Friday, March 13th. Golub Capital BDC’s payout ratio is presently 124.80%.

Hedge Funds Weigh In On Golub Capital BDC

Several institutional investors and hedge funds have recently added to or reduced their stakes in GBDC. Alpine Global Management LLC raised its stake in shares of Golub Capital BDC by 487.1% during the fourth quarter. Alpine Global Management LLC now owns 155,588 shares of the investment management company’s stock valued at $2,111,000 after acquiring an additional 129,088 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of Golub Capital BDC by 39.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 249,360 shares of the investment management company’s stock worth $3,384,000 after purchasing an additional 70,011 shares during the last quarter. Onyx Bridge Wealth Group LLC grew its stake in shares of Golub Capital BDC by 3.2% in the fourth quarter. Onyx Bridge Wealth Group LLC now owns 127,055 shares of the investment management company’s stock worth $1,724,000 after purchasing an additional 3,895 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in Golub Capital BDC in the fourth quarter valued at $1,412,000. Finally, Coastal Bridge Advisors LLC acquired a new stake in Golub Capital BDC in the fourth quarter valued at $6,760,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

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.