BidaskClub cut shares of Golub Capital BDC (NASDAQ:GBDC) from a hold rating to a sell rating in a report released on Thursday, January 4th.
GBDC has been the topic of several other research reports. Zacks Investment Research raised shares of Golub Capital BDC from a hold rating to a buy rating and set a $21.00 target price on the stock in a research note on Tuesday, October 3rd. Keefe, Bruyette & Woods set a $20.00 target price on shares of Golub Capital BDC and gave the company a hold rating in a research note on Friday, October 6th. National Securities reissued a neutral rating and set a $19.00 target price on shares of Golub Capital BDC in a research note on Wednesday, November 22nd. Finally, ValuEngine raised shares of Golub Capital BDC from a hold rating to a buy rating in a research note on Saturday, December 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $19.88.
Shares of Golub Capital BDC (GBDC) traded up $0.11 during trading hours on Thursday, reaching $18.02. 268,500 shares of the company traded hands, compared to its average volume of 328,288. The company has a market cap of $1,080.00, a P/E ratio of 12.43, a PEG ratio of 1.39 and a beta of 0.67. Golub Capital BDC has a 12-month low of $17.70 and a 12-month high of $20.50. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.56 and a current ratio of 3.56.
Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data on Monday, November 20th. The investment management company reported $0.32 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. The firm had revenue of $34.95 million for the quarter, compared to the consensus estimate of $36.78 million. Golub Capital BDC had a net margin of 58.06% and a return on equity of 7.90%. Golub Capital BDC’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm posted $0.32 EPS. sell-side analysts anticipate that Golub Capital BDC will post 1.28 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Tuesday, December 12th were paid a $0.32 dividend. The ex-dividend date was Monday, December 11th. This represents a $1.28 annualized dividend and a dividend yield of 7.10%. Golub Capital BDC’s dividend payout ratio is currently 88.28%.
Several institutional investors and hedge funds have recently made changes to their positions in GBDC. Macquarie Group Ltd. acquired a new position in shares of Golub Capital BDC in the 3rd quarter worth approximately $102,000. San Francisco Sentry Investment Group CA acquired a new position in shares of Golub Capital BDC in the third quarter worth about $134,000. Global X MANAGEMENT CO LLC boosted its holdings in shares of Golub Capital BDC by 48.4% in the third quarter. Global X MANAGEMENT CO LLC now owns 9,981 shares of the investment management company’s stock worth $188,000 after buying an additional 3,253 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of Golub Capital BDC in the third quarter worth about $194,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Golub Capital BDC by 219.3% in the second quarter. JPMorgan Chase & Co. now owns 11,042 shares of the investment management company’s stock worth $210,000 after buying an additional 7,584 shares during the period. 40.58% of the stock is currently owned by institutional investors.
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Golub Capital BDC Company Profile
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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