Golub Capital BDC (NASDAQ:GBDC) Upgraded at StockNews.com

StockNews.com upgraded shares of Golub Capital BDC (NASDAQ:GBDC) from a sell rating to a hold rating in a report issued on Wednesday.

Separately, Wells Fargo & Company decreased their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.38.

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $15.12 on Wednesday. Golub Capital BDC has a 12-month low of $14.05 and a 12-month high of $17.72. The stock has a market capitalization of $4.01 billion, a P/E ratio of 10.96 and a beta of 0.50. The firm’s 50-day moving average is $15.40 and its two-hundred day moving average is $15.25. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. Equities analysts predict that Golub Capital BDC will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.39 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.32%. Golub Capital BDC’s dividend payout ratio is currently 113.04%.

Institutional Trading of Golub Capital BDC

A number of hedge funds have recently made changes to their positions in the company. Wealthedge Investment Advisors LLC purchased a new stake in shares of Golub Capital BDC during the fourth quarter valued at approximately $814,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Golub Capital BDC in the fourth quarter worth $3,832,000. United Advisor Group LLC boosted its holdings in Golub Capital BDC by 9.5% in the fourth quarter. United Advisor Group LLC now owns 201,650 shares of the investment management company’s stock worth $3,057,000 after purchasing an additional 17,574 shares during the period. Castlekeep Investment Advisors LLC acquired a new position in Golub Capital BDC in the fourth quarter worth $1,235,000. Finally, Vise Technologies Inc. acquired a new position in Golub Capital BDC in the fourth quarter worth $243,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

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.