Golub Capital BDC Inc (NASDAQ:GBDC)‘s stock had its “hold” rating restated by research analysts at Keefe, Bruyette & Woods in a research report issued on Tuesday. They presently have a $19.00 price target on the investment management company’s stock. Keefe, Bruyette & Woods’ price target points to a potential downside of 1.04% from the company’s current price.
Several other equities analysts also recently weighed in on GBDC. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Golub Capital BDC in a report on Friday, February 10th. They noted that the move was a valuation call. National Securities restated a “neutral” rating and issued a $18.00 price objective on shares of Golub Capital BDC in a research report on Monday, February 13th. Finally, Zacks Investment Research upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Tuesday, January 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $18.33.
Shares of Golub Capital BDC (NASDAQ:GBDC) opened at 19.42 on Tuesday. The company has a 50-day moving average of $18.97 and a 200 day moving average of $18.57. Golub Capital BDC has a 12 month low of $16.70 and a 12 month high of $19.76.
Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Wednesday, February 8th. The investment management company reported $0.32 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. Golub Capital BDC had a net margin of 51.48% and a return on equity of 7.91%. The company had revenue of $33.85 million for the quarter, compared to the consensus estimate of $35.22 million. During the same quarter in the prior year, the company earned $0.29 EPS. Golub Capital BDC’s quarterly revenue was down 1.9% on a year-over-year basis. Analysts forecast that Golub Capital BDC will post $1.27 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Tuesday, March 7th will be given a $0.32 dividend. The ex-dividend date is Friday, March 3rd. This represents a $1.28 annualized dividend and a yield of 6.67%. Golub Capital BDC’s dividend payout ratio is presently 100.79%.
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In other Golub Capital BDC news, CEO David Golub sold 955,896 shares of the company’s stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $18.52, for a total value of $17,703,193.92. Following the sale, the chief executive officer now owns 100,312 shares in the company, valued at approximately $1,857,778.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.40% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. Muzinich & Co. Inc. raised its stake in Golub Capital BDC by 91.8% in the third quarter. Muzinich & Co. Inc. now owns 1,114,602 shares of the investment management company’s stock valued at $20,698,000 after buying an additional 533,414 shares in the last quarter. Clough Capital Partners L P raised its stake in Golub Capital BDC by 22.8% in the fourth quarter. Clough Capital Partners L P now owns 898,466 shares of the investment management company’s stock valued at $16,523,000 after buying an additional 166,709 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in Golub Capital BDC by 27.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 631,310 shares of the investment management company’s stock valued at $11,723,000 after buying an additional 135,000 shares in the last quarter. Guggenheim Capital LLC raised its stake in Golub Capital BDC by 28.6% in the fourth quarter. Guggenheim Capital LLC now owns 472,896 shares of the investment management company’s stock valued at $8,697,000 after buying an additional 105,053 shares in the last quarter. Finally, UBS Group AG raised its stake in Golub Capital BDC by 7.3% in the third quarter. UBS Group AG now owns 1,323,035 shares of the investment management company’s stock valued at $24,569,000 after buying an additional 90,016 shares in the last quarter. Institutional investors and hedge funds own 43.37% of the company’s stock.
About Golub Capital BDC
Golub Capital BDC, Inc is an externally managed, non-diversified, closed-end, management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured and one stop loans of the United States middle-market companies.
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