Golub Capital BDC, Inc. (NASDAQ:GBDC) Receives $16.40 Average Price Target from Brokerages

Golub Capital BDC, Inc. (NASDAQ:GBDC) has been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $16.38.

GBDC has been the subject of a number of recent research reports. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Wells Fargo & Company cut their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 21st.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC opened at $15.58 on Friday. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 11.05 and a beta of 0.53. Golub Capital BDC has a 1 year low of $14.05 and a 1 year high of $17.72. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 1.15. The business has a fifty day simple moving average of $15.26 and a 200 day simple moving average of $15.16.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 9th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.01%. The ex-dividend date of this dividend was Monday, December 9th. Golub Capital BDC’s dividend payout ratio is 110.64%.

Institutional Investors Weigh In On Golub Capital BDC

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northeast Financial Consultants Inc raised its position in shares of Golub Capital BDC by 151.8% in the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after purchasing an additional 1,268,442 shares during the period. Millennium Management LLC grew its stake in Golub Capital BDC by 1,170.6% in the 2nd quarter. Millennium Management LLC now owns 786,569 shares of the investment management company’s stock valued at $12,357,000 after buying an additional 724,662 shares during the last quarter. Partners Group Holding AG raised its holdings in Golub Capital BDC by 48.2% in the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock worth $30,139,000 after acquiring an additional 648,855 shares during the period. 1832 Asset Management L.P. acquired a new position in Golub Capital BDC during the 2nd quarter worth $9,426,000. Finally, LGT Capital Partners LTD. bought a new stake in Golub Capital BDC during the third quarter valued at about $8,721,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

About Golub Capital BDC

Golub Capital BDC, Inc (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors.