Golub Capital BDC (GBDC) Lifted to Buy at ValuEngine
ValuEngine upgraded shares of Golub Capital BDC (NASDAQ:GBDC) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.
A number of other analysts have also recently issued reports on GBDC. Zacks Investment Research upgraded Golub Capital BDC from a hold rating to a buy rating and set a $21.00 target price for the company in a report on Tuesday, October 3rd. Keefe, Bruyette & Woods set a $20.00 target price on Golub Capital BDC and gave the stock a hold rating in a report on Friday, October 6th. Finally, National Securities reiterated a neutral rating and set a $19.00 target price on shares of Golub Capital BDC in a report on Wednesday, November 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $19.88.
Shares of Golub Capital BDC (NASDAQ:GBDC) opened at $18.84 on Friday. The company has a current ratio of 3.56, a quick ratio of 3.56 and a debt-to-equity ratio of 0.81. Golub Capital BDC has a fifty-two week low of $17.87 and a fifty-two week high of $20.50. The stock has a market capitalization of $1,120.00, a PE ratio of 14.69, a PEG ratio of 1.50 and a beta of 0.67.
Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results on Monday, November 20th. The investment management company reported $0.32 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.32. Golub Capital BDC had a return on equity of 7.90% and a net margin of 58.06%. The business had revenue of $34.95 million during the quarter, compared to analysts’ expectations of $36.78 million. During the same quarter in the previous year, the business earned $0.32 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. research analysts expect that Golub Capital BDC will post 1.28 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Tuesday, December 12th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 6.79%. The ex-dividend date of this dividend is Monday, December 11th. Golub Capital BDC’s dividend payout ratio is presently 88.28%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. purchased a new position in Golub Capital BDC in the 3rd quarter worth approximately $102,000. San Francisco Sentry Investment Group CA purchased a new position in Golub Capital BDC in the 3rd quarter worth approximately $134,000. Global X MANAGEMENT CO LLC boosted its holdings in Golub Capital BDC by 48.4% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 9,981 shares of the investment management company’s stock worth $188,000 after acquiring an additional 3,253 shares during the period. Cullen Frost Bankers Inc. purchased a new position in Golub Capital BDC in the 3rd quarter worth approximately $194,000. Finally, JPMorgan Chase & Co. boosted its holdings in Golub Capital BDC by 219.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 11,042 shares of the investment management company’s stock worth $210,000 after acquiring an additional 7,584 shares during the period. Hedge funds and other institutional investors own 40.76% of the company’s stock.
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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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