Golub Capital BDC, Inc. (NASDAQ:GBDC) has been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $18.83.
GBDC has been the topic of several recent analyst reports. National Securities reissued a “neutral” rating and set a $19.00 price target on shares of Golub Capital BDC in a research report on Monday, June 12th. BidaskClub raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $19.50 price target on shares of Golub Capital BDC in a research report on Tuesday, July 25th.
In other news, Director William M. Iv Webster bought 5,000 shares of the stock in a transaction on Friday, September 1st. The shares were purchased at an average price of $18.46 per share, for a total transaction of $92,300.00. Following the completion of the purchase, the director now directly owns 136,514 shares of the company’s stock, valued at approximately $2,520,048.44. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.40% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Global X Management Co. LLC grew its stake in Golub Capital BDC by 50.4% in the first quarter. Global X Management Co. LLC now owns 6,728 shares of the investment management company’s stock valued at $134,000 after purchasing an additional 2,254 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Golub Capital BDC by 219.3% in the second 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 in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Golub Capital BDC by 2.7% in the second 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 in the last quarter. Parametric Portfolio Associates LLC grew its stake in Golub Capital BDC by 1.3% in the second 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 in the last quarter. Finally, IHT Wealth Management LLC grew its stake in Golub Capital BDC by 22.7% in the first 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 in the last quarter. Hedge funds and other institutional investors own 41.62% of the company’s stock.
Shares of Golub Capital BDC (GBDC) traded down 0.11% during mid-day trading on Friday, reaching $18.42. The company’s stock had a trading volume of 134,106 shares. Golub Capital BDC has a 52-week low of $17.34 and a 52-week high of $20.50. The firm’s 50 day moving average is $19.07 and its 200-day moving average is $19.52.
Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Monday, August 7th. The investment management company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $35.40 million for the quarter, compared to analyst estimates of $35.11 million. Golub Capital BDC had a return on equity of 7.86% and a net margin of 53.62%. Golub Capital BDC’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 earnings per share. Analysts predict that Golub Capital BDC will post $1.25 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 6th will be paid a $0.32 dividend. The ex-dividend date is Friday, September 1st. This represents a $1.28 dividend on an annualized basis and a yield of 6.95%. Golub Capital BDC’s dividend payout ratio (DPR) is currently 96.24%.
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About Golub Capital BDC
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.
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