Key Points
- Director Lawrence Golub sold 1,676,387 GBDC shares at an average price of $13.06, generating approximately $21.9 million in proceeds.
- Golub Capital BDC reported quarterly EPS of $0.34, slightly exceeding estimates, and declared a $0.33 quarterly dividend, equivalent to a 10.0% annualized yield.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $13.90; institutional investors and hedge funds own 42.38% of the stock.
Golub Capital BDC, Inc. (NASDAQ:GBDC - Get Free Report) Director Lawrence Golub sold 1,676,387 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $13.06, for a total transaction of $21,893,614.22. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Golub Capital BDC Stock Performance
Shares of GBDC stock opened at $13.18 on Wednesday. The company's fifty day simple moving average is $12.88 and its 200-day simple moving average is $12.84. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.22. The firm has a market cap of $3.42 billion, a PE ratio of 20.28 and a beta of 0.39. Golub Capital BDC, Inc. has a 12 month low of $11.77 and a 12 month high of $14.93.
Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its earnings results on Monday, August 3rd. The investment management company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. The business had revenue of $98.53 million during the quarter, compared to the consensus estimate of $189.91 million. Golub Capital BDC had a net margin of 21.45% and a return on equity of 9.91%. During the same quarter last year, the firm earned $0.39 earnings per share. Equities research analysts expect that Golub Capital BDC, Inc. will post 1.36 EPS for the current fiscal year.
Golub Capital BDC Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date is Monday, September 14th. Golub Capital BDC's dividend payout ratio is currently 203.08%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on GBDC shares. Oppenheimer reiterated an "outperform" rating and set a $14.00 target price on shares of Golub Capital BDC in a report on Wednesday, May 6th. Royal Bank Of Canada decreased their price target on Golub Capital BDC from $15.00 to $14.00 and set an "outperform" rating for the company in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Golub Capital BDC in a research report on Wednesday, June 24th. Keefe, Bruyette & Woods dropped their price objective on Golub Capital BDC from $14.00 to $13.50 and set an "outperform" rating on the stock in a research note on Wednesday, August 5th. Finally, Wall Street Zen raised Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Golub Capital BDC currently has a consensus rating of "Moderate Buy" and an average price target of $13.90.
Get Our Latest Stock Report on GBDC
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. Allworth Financial LP bought a new stake in shares of Golub Capital BDC in the 2nd quarter valued at about $25,000. Main Street Group LTD bought a new position in Golub Capital BDC during the first quarter worth about $47,000. Fifth Third Bancorp acquired a new position in Golub Capital BDC during the first quarter worth approximately $68,000. Trust Co. of Vermont bought a new stake in Golub Capital BDC in the second quarter valued at approximately $77,000. Finally, Advisory Services Network LLC bought a new stake in Golub Capital BDC in the third quarter valued at approximately $77,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.
Golub Capital BDC Company Profile
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Get Free Report)
Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.
The company's core business activities center on originating and managing bespoke financing arrangements for U.S.
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