Brokerages Set Golub Capital BDC, Inc. (GBDC) Target Price at $18.00
Golub Capital BDC, Inc. (NASDAQ:GBDC) has earned a consensus rating of “Hold” from the six brokerages that are covering the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $18.00.
A number of research firms recently commented on GBDC. National Securities reissued a “neutral” rating and issued a $18.00 target price on shares of Golub Capital BDC in a research note on Monday. Zacks Investment Research cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Friday, February 10th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Golub Capital BDC in a research note on Friday, February 10th. They noted that the move was a valuation call.
In other Golub Capital BDC news, Director John Thomas Baily purchased 5,500 shares of the business’s stock in a transaction on Monday, December 19th. The stock was acquired at an average cost of $18.14 per share, for a total transaction of $99,770.00. Following the completion of the transaction, the director now directly owns 29,072 shares in the company, valued at approximately $527,366.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David Golub sold 955,896 shares of the company’s stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of $18.52, for a total transaction of $17,703,193.92. Following the sale, the chief executive officer now owns 100,312 shares of the company’s stock, valued at $1,857,778.24. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Northeast Financial Consultants Inc purchased a new stake in Golub Capital BDC during the third quarter worth $201,000. Massey Quick & Co. LLC purchased a new stake in Golub Capital BDC during the fourth quarter worth $274,000. Sei Investments Co. raised its stake in Golub Capital BDC by 52.2% in the third quarter. Sei Investments Co. now owns 20,352 shares of the investment management company’s stock worth $378,000 after buying an additional 6,976 shares in the last quarter. M&T Bank Corp raised its stake in Golub Capital BDC by 7.7% in the third quarter. M&T Bank Corp now owns 20,960 shares of the investment management company’s stock worth $389,000 after buying an additional 1,500 shares in the last quarter. Finally, GenTrust LLC purchased a new stake in Golub Capital BDC during the fourth quarter worth $470,000. Institutional investors own 43.37% of the company’s stock.
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Golub Capital BDC (NASDAQ:GBDC) opened at 18.57 on Friday. The stock has a 50 day moving average price of $18.69 and a 200 day moving average price of $18.55. Golub Capital BDC has a 52-week low of $15.82 and a 52-week high of $19.76.
Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Wednesday, February 8th. The investment management company reported $0.32 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.32. The business had revenue of $33.85 million for the quarter, compared to analysts’ expectations of $35.22 million. Golub Capital BDC had a return on equity of 7.91% and a net margin of 51.48%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 earnings per share. On average, analysts anticipate that Golub Capital BDC will post $1.27 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Tuesday, March 7th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, March 3rd. This represents a $1.28 annualized dividend and a yield of 6.89%. Golub Capital BDC’s payout ratio is 100.79%.
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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