Golub Capital BDC (NASDAQ:GBDC) Sets New 52-Week High at $16.89

Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $16.89 and last traded at $16.88, with a volume of 174395 shares traded. The stock had previously closed at $16.80.

Analyst Ratings Changes

A number of brokerages recently issued reports on GBDC. Wells Fargo & Company increased their price objective on Golub Capital BDC from $15.00 to $15.50 and gave the stock an "equal weight" rating in a research report on Monday, January 29th. Bank of America raised Golub Capital BDC from a "neutral" rating to a "buy" rating and set a $17.00 target price on the stock in a research note on Monday, March 25th. StockNews.com cut Golub Capital BDC from a "buy" rating to a "hold" rating in a research note on Friday, March 29th. Finally, Raymond James raised their price objective on Golub Capital BDC from $16.00 to $16.50 and gave the company an "outperform" rating in a research note on Tuesday, January 23rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $16.40.

Golub Capital BDC Stock Up 1.8 %

The stock has a 50 day moving average price of $16.13 and a 200-day moving average price of $15.37. The stock has a market capitalization of $2.93 billion, a P/E ratio of 9.40 and a beta of 0.57. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.15 and a quick ratio of 3.15.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its earnings results on Monday, February 5th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). The business had revenue of $164.77 million during the quarter, compared to the consensus estimate of $160.93 million. Golub Capital BDC had a return on equity of 12.53% and a net margin of 48.94%. As a group, research analysts expect that Golub Capital BDC, Inc. will post 1.95 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently announced a Variable dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 15th were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. Golub Capital BDC's payout ratio is presently 85.71%.

Institutional Trading of Golub Capital BDC

Several large investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in Golub Capital BDC in the third quarter worth about $1,201,000. Riverbridge Partners LLC lifted its holdings in Golub Capital BDC by 16.1% in the third quarter. Riverbridge Partners LLC now owns 35,835 shares of the investment management company's stock worth $526,000 after buying an additional 4,959 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Golub Capital BDC by 0.9% in the third quarter. Commonwealth Equity Services LLC now owns 88,270 shares of the investment management company's stock worth $1,295,000 after buying an additional 816 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in Golub Capital BDC by 18.7% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 23,347 shares of the investment management company's stock worth $342,000 after buying an additional 3,676 shares during the period. Finally, Raymond James & Associates lifted its holdings in Golub Capital BDC by 3.5% in the third quarter. Raymond James & Associates now owns 39,988 shares of the investment management company's stock worth $587,000 after buying an additional 1,358 shares during the period. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Company Profile

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.