According to Zacks, “Golub Capital BDC Inc. is a business development company that principally invests in senior secured, unitranche, mezzanine and second lien loans of middle-market companies that are, in most cases, sponsored by private equity investors. The Company’s investment activities are managed by its investment adviser, GC Advisors LLC, an affiliate of Golub Capital. “
A number of other research firms have also recently commented on GBDC. Janney Montgomery Scott assumed coverage on shares of Golub Capital BDC in a report on Tuesday, September 20th. They issued a neutral rating and a $18.00 price target for the company. TheStreet upgraded shares of Golub Capital BDC from a hold rating to a buy rating in a report on Wednesday, August 10th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $17.83.
Shares of Golub Capital BDC (NASDAQ:GBDC) opened at 18.56 on Wednesday. Golub Capital BDC has a one year low of $14.80 and a one year high of $19.76. The stock has a 50 day moving average of $18.76 and a 200-day moving average of $18.00.
Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Wednesday, August 3rd. The investment management company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.03. Golub Capital BDC had a net margin of 57.18% and a return on equity of 7.75%. The company earned $32.10 million during the quarter, compared to analysts’ expectations of $33.01 million. During the same period in the prior year, the company posted $0.36 earnings per share. Golub Capital BDC’s revenue for the quarter was up 5.6% compared to the same quarter last year. Analysts predict that Golub Capital BDC will post $1.28 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Monday, September 5th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date of this dividend was Wednesday, August 31st. Golub Capital BDC’s payout ratio is 90.78%.
In related news, Director John Thomas Baily purchased 8,250 shares of Golub Capital BDC stock in a transaction on Monday, August 15th. The stock was acquired at an average cost of $18.35 per share, for a total transaction of $151,387.50. Following the completion of the acquisition, the director now owns 23,179 shares of the company’s stock, valued at approximately $425,334.65. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 2.50% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Emerald Acquisition Ltd. bought a new stake in Golub Capital BDC during the second quarter worth approximately $574,000. Front Barnett Associates LLC boosted its stake in Golub Capital BDC by 1.8% in the second quarter. Front Barnett Associates LLC now owns 17,155 shares of the investment management company’s stock worth $310,000 after buying an additional 300 shares during the last quarter. Pekin Singer Strauss Asset Management IL boosted its stake in Golub Capital BDC by 15.4% in the second quarter. Pekin Singer Strauss Asset Management IL now owns 20,595 shares of the investment management company’s stock worth $372,000 after buying an additional 2,751 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Golub Capital BDC by 8.8% in the second quarter. State of New Jersey Common Pension Fund D now owns 496,310 shares of the investment management company’s stock worth $8,968,000 after buying an additional 40,000 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Golub Capital BDC by 15,497.6% in the second quarter. Bank of New York Mellon Corp now owns 3,320,109 shares of the investment management company’s stock worth $59,994,000 after buying an additional 3,298,823 shares during the last quarter. Institutional investors and hedge funds own 42.47% of the company’s stock.
Golub Capital BDC Company Profile
Golub Capital BDC Inc is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation by investing primarily in senior secured, one stop, second lien and subordinated loans of, and warrants and minority equity securities in, United States middle market companies.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Golub Capital BDC Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golub Capital BDC Inc. and related companies with MarketBeat.com's FREE daily email newsletter.