Golub Capital BDC (GBDC) Hits New 12-Month Low at $18.05

Golub Capital BDC Inc (NASDAQ:GBDC)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $18.05 and last traded at $18.09, with a volume of 404000 shares. The stock had previously closed at $18.20.

A number of equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. 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 lowered 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $19.88.

The stock has a market cap of $1,070.00, a P/E ratio of 12.41, a PEG ratio of 1.42 and a beta of 0.67. The company has a quick ratio of 3.56, a current ratio of 3.56 and a debt-to-equity ratio of 0.81.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Monday, November 20th. The investment management company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $34.95 million during the quarter, compared to the consensus estimate of $36.78 million. Golub Capital BDC had a return on equity of 7.90% and a net margin of 58.06%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 EPS. analysts anticipate that Golub Capital BDC Inc will post 1.28 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Tuesday, December 12th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 7.12%. The ex-dividend date was Monday, December 11th. Golub Capital BDC’s payout ratio is 88.28%.

Hedge funds have recently made changes to their positions in the stock. Muzinich & Co. Inc. grew its holdings in Golub Capital BDC by 19.7% in the 2nd 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 period. Wells Fargo & Company MN grew its holdings in Golub Capital BDC by 15.7% in the 3rd quarter. Wells Fargo & Company MN now owns 1,460,439 shares of the investment management company’s stock valued at $27,486,000 after buying an additional 198,503 shares during the period. Atlantic Trust Group LLC grew its holdings in Golub Capital BDC by 388.8% in the 3rd quarter. Atlantic Trust Group LLC now owns 138,334 shares of the investment management company’s stock valued at $2,603,000 after buying an additional 110,034 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its holdings in Golub Capital BDC by 34.7% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 305,734 shares of the investment management company’s stock valued at $5,753,000 after buying an additional 78,720 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH purchased a new stake in Golub Capital BDC in the 2nd quarter valued at about $992,000. 40.57% of the stock is owned by hedge funds and other institutional investors.

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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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