Golub Capital BDC, Inc. (NASDAQ:GBDC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Golub Capital BDC, Inc. (NASDAQ:GBDC) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $16.40.

Several equities research analysts recently issued reports on the company. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Wells Fargo & Company dropped their price objective on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 21st.

Golub Capital BDC Stock Performance

NASDAQ GBDC opened at $15.25 on Wednesday. The firm has a 50-day moving average price of $15.30 and a two-hundred day moving average price of $15.23. Golub Capital BDC has a 12-month low of $14.05 and a 12-month high of $17.72. The company has a market capitalization of $4.03 billion, a P/E ratio of 10.82 and a beta of 0.54. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 9th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.56 annualized dividend and a yield of 10.23%. Golub Capital BDC’s dividend payout ratio is currently 110.64%.

Institutional Trading of Golub Capital BDC

Several institutional investors and hedge funds have recently modified their holdings of GBDC. Hexagon Capital Partners LLC increased its position in Golub Capital BDC by 171.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock worth $32,000 after purchasing an additional 1,355 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Golub Capital BDC by 135.6% in the 3rd quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock valued at $35,000 after acquiring an additional 1,347 shares during the last quarter. Quarry LP acquired a new stake in shares of Golub Capital BDC during the 2nd quarter valued at $61,000. Brown Brothers Harriman & Co. bought a new stake in Golub Capital BDC during the 2nd quarter worth $71,000. Finally, International Assets Investment Management LLC acquired a new position in Golub Capital BDC in the 2nd quarter worth about $121,000. 42.38% of the stock is currently owned by institutional investors.

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.