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. It typically invests in diversified consumer services, automobiles, healthcare technology, insurance, health care equipment and supplies, hotels, restaurants and leisure, healthcare providers and services, IT services and specialty retails. It seeks to invest in the United States. It primarily invests in first lien traditional senior debt, first lien one stop, junior debt and equity, senior secured, one stop, unitranche, second lien, subordinated and mezzanine loans of middle-market companies, and warrants.
Golub Capital BDC Trading Up 0.8 %
GBDC Stock traded up $0.11 during mid-day trading on Tuesday, hitting $14.25. 483,643 shares of the company were exchanged, compared to its average volume of 882,179. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $2.44 billion, a P/E ratio of 11.22 and a beta of 0.59. The business has a fifty day simple moving average of $13.54 and a 200-day simple moving average of $14.56. Golub Capital BDC has a 12-month low of $12.62 and a 12-month high of $16.23.
Golub Capital BDC Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Friday, September 2nd will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 8.42%. The ex-dividend date is Thursday, September 1st. Golub Capital BDC's dividend payout ratio (DPR) is presently 94.49%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on GBDC shares. TheStreet lowered shares of Golub Capital BDC from a "b-" rating to a "c" rating in a report on Wednesday, June 1st. Wells Fargo & Company upped their price objective on shares of Golub Capital BDC from $17.00 to $17.50 and gave the company an "overweight" rating in a report on Monday, April 25th.