Golub Capital BDC (NASDAQ:GBDC) PT Lowered to $16.50 at Keefe, Bruyette & Woods

Golub Capital BDC (NASDAQ:GBDC) had its price target cut by Keefe, Bruyette & Woods from $17.50 to $16.50 in a report released on Wednesday, MarketBeat Ratings reports. They currently have an outperform rating on the investment management company’s stock.

A number of other research firms have also recently commented on GBDC. Raymond James cut shares of Golub Capital BDC from an outperform rating to a market perform rating in a research note on Wednesday, May 8th. Wells Fargo & Company dropped their price target on shares of Golub Capital BDC from $17.00 to $15.50 and set an equal weight rating for the company in a research note on Friday, July 26th. Finally, StockNews.com cut shares of Golub Capital BDC from a buy rating to a hold rating in a research note on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $16.40.

Golub Capital BDC Trading Up 0.1 %

Shares of NASDAQ:GBDC traded up $0.01 during trading on Wednesday, hitting $14.40. The company had a trading volume of 1,412,616 shares, compared to its average volume of 1,080,645. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 7.09 and a beta of 0.52. The company has a debt-to-equity ratio of 1.26, a current ratio of 6.29 and a quick ratio of 6.29. The company has a fifty day simple moving average of $15.57 and a two-hundred day simple moving average of $15.97. Golub Capital BDC has a one year low of $13.95 and a one year high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings results on Monday, August 5th. The investment management company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Golub Capital BDC had a return on equity of 13.03% and a net margin of 53.05%. The company had revenue of $171.27 million during the quarter, compared to the consensus estimate of $205.24 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. As a group, equities analysts forecast that Golub Capital BDC will post 1.95 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be given a $0.39 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.56 annualized dividend and a yield of 10.83%. Golub Capital BDC’s dividend payout ratio (DPR) is 76.85%.

Insider Buying and Selling at Golub Capital BDC

In related news, CEO David Golub acquired 450,000 shares of the stock in a transaction on Tuesday, June 11th. The stock was bought at an average cost of $16.03 per share, with a total value of $7,213,500.00. Following the transaction, the chief executive officer now directly owns 1,718,880 shares in the company, valued at $27,553,646.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Chairman Lawrence E. Golub acquired 62,267 shares of the stock in a transaction on Friday, June 7th. The stock was bought at an average cost of $16.06 per share, with a total value of $1,000,008.02. Following the transaction, the chairman now directly owns 1,268,880 shares in the company, valued at $20,378,212.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Golub purchased 450,000 shares of the stock in a transaction dated Tuesday, June 11th. The stock was acquired at an average cost of $16.03 per share, with a total value of $7,213,500.00. Following the transaction, the chief executive officer now directly owns 1,718,880 shares in the company, valued at approximately $27,553,646.40. The disclosure for this purchase can be found here. Insiders purchased a total of 601,015 shares of company stock valued at $9,636,138 in the last three months. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Golub Capital BDC

Several hedge funds have recently modified their holdings of GBDC. Cerity Partners LLC lifted its position in shares of Golub Capital BDC by 4,797.5% in the 4th quarter. Cerity Partners LLC now owns 1,740,391 shares of the investment management company’s stock worth $26,280,000 after purchasing an additional 1,704,855 shares during the period. Boston Partners purchased a new stake in shares of Golub Capital BDC in the 1st quarter worth approximately $12,126,000. Van ECK Associates Corp lifted its position in shares of Golub Capital BDC by 22.3% in the 2nd quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company’s stock worth $55,190,000 after purchasing an additional 640,866 shares during the period. Allen Investment Management LLC lifted its position in shares of Golub Capital BDC by 29.6% in the 1st quarter. Allen Investment Management LLC now owns 2,101,032 shares of the investment management company’s stock worth $34,940,000 after purchasing an additional 479,339 shares during the period. Finally, Confluence Investment Management LLC purchased a new stake in shares of Golub Capital BDC in the 1st quarter worth approximately $5,509,000. 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.