Golub Capital BDC, Inc. (NASDAQ:GBDC) Given Consensus Rating of "Moderate Buy" by Brokerages

Golub Capital BDC, Inc. (NASDAQ:GBDC - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the five brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $16.40.

GBDC has been the subject of a number of recent research reports. Wells Fargo & Company raised their price target on shares of 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 upgraded shares of Golub Capital BDC from a "neutral" rating to a "buy" rating and set a $17.00 target price for the company in a research report on Monday, March 25th. StockNews.com downgraded Golub Capital BDC from a "buy" rating to a "hold" rating in a research report on Friday, March 29th. Finally, Raymond James boosted their price objective on Golub Capital BDC from $16.00 to $16.50 and gave the company an "outperform" rating in a report on Tuesday, January 23rd.

Institutional Trading of Golub Capital BDC

A number of hedge funds have recently bought and sold shares of GBDC. JPMorgan Chase & Co. increased its stake in shares of Golub Capital BDC by 3.1% in the 1st quarter. JPMorgan Chase & Co. now owns 3,050,400 shares of the investment management company's stock worth $41,363,000 after acquiring an additional 92,007 shares during the last quarter. Sound Income Strategies LLC increased its position in Golub Capital BDC by 4.6% during the first quarter. Sound Income Strategies LLC now owns 2,661,937 shares of the investment management company's stock worth $44,268,000 after purchasing an additional 116,366 shares during the last quarter. Ares Management LLC increased its position in Golub Capital BDC by 23.3% during the first quarter. Ares Management LLC now owns 2,628,419 shares of the investment management company's stock worth $39,978,000 after purchasing an additional 497,391 shares during the last quarter. Van ECK Associates Corp raised its stake in Golub Capital BDC by 8.7% during the fourth quarter. Van ECK Associates Corp now owns 2,472,926 shares of the investment management company's stock worth $37,341,000 after purchasing an additional 197,681 shares during the period. Finally, Sage Mountain Advisors LLC boosted its holdings in Golub Capital BDC by 5.1% in the 4th quarter. Sage Mountain Advisors LLC now owns 2,172,722 shares of the investment management company's stock valued at $32,808,000 after purchasing an additional 106,411 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company's stock.

Golub Capital BDC Stock Up 1.3 %

Golub Capital BDC stock traded up $0.21 during midday trading on Friday, reaching $16.80. The company's stock had a trading volume of 729,977 shares, compared to its average volume of 864,212. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.15 and a quick ratio of 3.15. The stock has a market capitalization of $2.88 billion, a P/E ratio of 9.23 and a beta of 0.57. The stock's 50-day simple moving average is $16.10 and its 200-day simple moving average is $15.33. Golub Capital BDC has a 52-week low of $12.77 and a 52-week high of $16.83.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.01). The company had revenue of $164.77 million for the quarter, compared to analyst estimates of $160.93 million. Golub Capital BDC had a net margin of 48.94% and a return on equity of 12.53%. On average, sell-side analysts expect that Golub Capital BDC will post 1.95 EPS for the current year.

Golub Capital BDC Dividend Announcement

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

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.