Golub Capital BDC (NASDAQ:GBDC) Upgraded at StockNews.com

StockNews.com upgraded shares of Golub Capital BDC (NASDAQ:GBDC) from a sell rating to a hold rating in a research note issued to investors on Friday morning.

A number of other brokerages also recently weighed in on GBDC. Oppenheimer reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Wells Fargo & Company dropped their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods reduced their price objective on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.40.

Golub Capital BDC Stock Performance

Golub Capital BDC stock opened at $15.67 on Friday. The stock has a 50-day simple moving average of $15.26 and a 200 day simple moving average of $15.38. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 11.11 and a beta of 0.54. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15. Golub Capital BDC has a 12-month low of $14.05 and a 12-month high of $17.72.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 9th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.96%. The ex-dividend date is Monday, December 9th. Golub Capital BDC’s dividend payout ratio (DPR) is 110.64%.

Insider Activity at Golub Capital BDC

In related news, CEO David Golub acquired 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average price of $14.91 per share, for a total transaction of $298,200.00. Following the completion of the acquisition, the chief executive officer now owns 1,958,880 shares of the company’s stock, valued at $29,206,900.80. This trade represents a 1.03 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Golub Capital BDC

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC raised its position in shares of Golub Capital BDC by 171.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock valued at $32,000 after acquiring an additional 1,355 shares during the period. Allworth Financial LP boosted its position in shares of Golub Capital BDC by 135.6% during the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock worth $35,000 after purchasing an additional 1,347 shares in the last quarter. Cove Street Capital LLC acquired a new position in shares of Golub Capital BDC in the 2nd quarter valued at $39,000. Quarry LP acquired a new position in shares of Golub Capital BDC in the 2nd quarter valued at $61,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Golub Capital BDC in the 2nd quarter valued at $71,000. 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.