BidaskClub lowered shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) from a sell rating to a strong sell rating in a research report released on Tuesday morning.

A number of other analysts have also commented on the company. Zacks Investment Research raised Golub Capital BDC from a hold rating to a buy rating and set a $22.00 target price for the company in a report on Wednesday, April 12th. National Securities lifted their target price on Golub Capital BDC from $18.00 to $19.00 and gave the stock a neutral rating in a report on Thursday, April 13th. Raymond James Financial, Inc. reissued a market perform rating on shares of Golub Capital BDC in a report on Wednesday, May 10th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods reissued a hold rating and issued a $19.50 target price on shares of Golub Capital BDC in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $19.60.

Shares of Golub Capital BDC (GBDC) traded down 0.05% on Tuesday, reaching $19.04. The company’s stock had a trading volume of 112,172 shares. The stock has a 50-day moving average of $19.38 and a 200 day moving average of $19.51. Golub Capital BDC has a 52-week low of $17.34 and a 52-week high of $20.50.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Monday, August 7th. The investment management company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. The business had revenue of $35.40 million during the quarter, compared to analyst estimates of $35.11 million. Golub Capital BDC had a return on equity of 7.86% and a net margin of 53.62%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 EPS. On average, analysts predict that Golub Capital BDC will post $1.25 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 6th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 6.72%. The ex-dividend date of this dividend is Friday, September 1st. Golub Capital BDC’s payout ratio is currently 96.24%.

Hedge funds have recently modified their holdings of the company. Veritable L.P. raised its stake 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. Muzinich & Co. Inc. raised its stake in shares of Golub Capital BDC by 19.7% in the second quarter. Muzinich & Co. Inc. now owns 2,692,260 shares of the investment management company’s stock valued at $51,476,000 after buying an additional 443,945 shares during the last quarter. Evercore Wealth Management LLC raised its stake 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. Massey Quick & Co. LLC raised its stake in shares of Golub Capital BDC by 33.8% in the second quarter. Massey Quick & Co. LLC now owns 20,444 shares of the investment management company’s stock valued at $391,000 after buying an additional 5,169 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake 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. 45.36% of the stock is owned by institutional investors.

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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