Golub Capital BDC, Inc. (NASDAQ:GBDC) Receives Average Rating of “Moderate Buy” from Analysts

Golub Capital BDC, Inc. (NASDAQ:GBDC) has earned an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $16.40.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GBDC. Northeast Financial Consultants Inc grew its position in shares of Golub Capital BDC by 151.8% during 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 in the last quarter. Millennium Management LLC lifted its holdings in shares of 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 acquiring an additional 724,662 shares during the last quarter. Partners Group Holding AG lifted its holdings in shares of 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 valued at $30,139,000 after acquiring an additional 648,855 shares during the last quarter. 1832 Asset Management L.P. bought a new position in shares of Golub Capital BDC in the 2nd quarter valued at about $9,426,000. Finally, LGT Capital Partners LTD. bought a new position in shares of Golub Capital BDC in the 3rd quarter valued at about $8,721,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

NASDAQ GBDC opened at $15.40 on Friday. The business’s fifty day moving average price is $15.25 and its 200-day moving average price is $15.18. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 10.92 and a beta of 0.53. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 4.73. Golub Capital BDC has a 1-year low of $14.05 and a 1-year high of $17.72.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 10.13%. Golub Capital BDC’s payout ratio is 110.64%.

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.