Analysts Set Golub Capital BDC, Inc. (NASDAQ:GBDC) PT at $14.38

Golub Capital BDC, Inc. (NASDAQ:GBDC) has earned an average rating of “Buy” from the five brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $14.3750.

Several brokerages have recently issued reports on GBDC. Capital One Financial set a $15.00 target price on Golub Capital BDC in a research report on Thursday, January 15th. Keefe, Bruyette & Woods reduced their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Wells Fargo & Company decreased their price objective on shares of Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Golub Capital BDC in a research report on Friday, March 27th. Finally, Wall Street Zen cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, March 15th.

Institutional Trading of Golub Capital BDC

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Golub Capital BDC by 5.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,548,553 shares of the investment management company’s stock valued at $34,890,000 after purchasing an additional 125,881 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Golub Capital BDC by 1,321.2% in the third quarter. GSA Capital Partners LLP now owns 157,976 shares of the investment management company’s stock worth $2,163,000 after buying an additional 146,860 shares in the last quarter. AlphaQuest LLC raised its position in shares of Golub Capital BDC by 2,542.0% in the third quarter. AlphaQuest LLC now owns 128,984 shares of the investment management company’s stock worth $1,766,000 after buying an additional 124,102 shares in the last quarter. HighTower Advisors LLC boosted its stake in Golub Capital BDC by 279.4% during the third quarter. HighTower Advisors LLC now owns 2,529,267 shares of the investment management company’s stock valued at $34,626,000 after buying an additional 1,862,632 shares during the period. Finally, Generali Asset Management SPA SGR boosted its stake in Golub Capital BDC by 4.7% during the third quarter. Generali Asset Management SPA SGR now owns 2,630,739 shares of the investment management company’s stock valued at $36,015,000 after buying an additional 118,034 shares during the period. 42.38% of the stock is owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Performance

Shares of Golub Capital BDC stock opened at $12.70 on Thursday. The business has a 50-day moving average price of $12.54 and a two-hundred day moving average price of $13.38. Golub Capital BDC has a 1-year low of $11.77 and a 1-year high of $15.63. The company has a market cap of $3.34 billion, a P/E ratio of 10.16 and a beta of 0.40. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.25.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.The business had revenue of $110.18 million during the quarter, compared to analyst estimates of $208.89 million. During the same period in the prior year, the firm posted $0.42 EPS. As a group, analysts anticipate that Golub Capital BDC will post 1.6 EPS for the current year.

Golub Capital BDC Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Friday, March 13th were paid a $0.33 dividend. The ex-dividend date was Friday, March 13th. This represents a $1.32 annualized dividend and a yield of 10.4%. Golub Capital BDC’s dividend payout ratio is presently 105.60%.

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.