Golub Capital BDC (GBDC) Upgraded at BidaskClub

BidaskClub upgraded shares of Golub Capital BDC (NASDAQ:GBDC) from a sell rating to a hold rating in a research note published on Friday.

Other equities analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Golub Capital BDC from a hold rating to a buy rating in a research report on Saturday, December 9th. Zacks Investment Research cut shares of Golub Capital BDC from a hold rating to a sell rating in a research report on Thursday, November 23rd. National Securities restated a neutral rating and set a $19.00 target price on shares of Golub Capital BDC in a research report on Wednesday, November 22nd. Finally, Keefe, Bruyette & Woods set a $20.00 target price on shares of Golub Capital BDC and gave the stock a hold rating in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $19.88.

Shares of Golub Capital BDC (GBDC) opened at $18.46 on Friday. The company has a market cap of $1,090.00, a PE ratio of 12.73, a P/E/G ratio of 1.45 and a beta of 0.67. Golub Capital BDC has a fifty-two week low of $18.06 and a fifty-two week high of $20.50. 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 (NASDAQ:GBDC) last released its quarterly earnings data on Monday, November 20th. The investment management company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates 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%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. analysts forecast that Golub Capital BDC will post 1.28 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Tuesday, December 12th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date is Monday, December 11th. Golub Capital BDC’s dividend payout ratio is presently 88.28%.

Several large investors have recently bought and sold shares of the company. Pinebridge Investments L.P. raised its position in shares of Golub Capital BDC by 0.6% in the second quarter. Pinebridge Investments L.P. now owns 14,582 shares of the investment management company’s stock valued at $279,000 after buying an additional 80 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Golub Capital BDC by 2.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 11,395 shares of the investment management company’s stock valued at $218,000 after buying an additional 298 shares during the last quarter. Evercore Wealth Management LLC raised its position in shares of Golub Capital BDC by 1.4% in the second quarter. Evercore Wealth Management LLC now owns 43,637 shares of the investment management company’s stock valued at $834,000 after buying an additional 597 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Golub Capital BDC by 1.3% in the second quarter. Parametric Portfolio Associates LLC now owns 48,591 shares of the investment management company’s stock valued at $220,000 after buying an additional 631 shares during the last quarter. Finally, Veritable L.P. raised its position in shares of Golub Capital BDC by 1.0% in the second quarter. Veritable L.P. now owns 73,146 shares of the investment management company’s stock valued at $1,399,000 after buying an additional 714 shares during the last quarter. 40.57% of the stock is owned by institutional investors and hedge funds.

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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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