The stock of Golub Capital BDC, Inc. (NASDAQ: GBDC) has decreased by -0.24 when compared to last closing price of 16.63.Despite this, the company has seen a loss of -0.66% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-05 that Golub Capital BDC had 55% growth in Investment Income and 49% growth in Net Investment Income in its fiscal year ending 9/30/23, and record Adjusted NII in the latest quarter ended 12/31/23. 76% of Golub Capital’s originations are to borrowers with under $100M in annual EBITDA. Golub Capital’s advisor income incentive fee and capital gain incentive fee fell from 20% to 15%, which will bolster 2024 earnings.
Is It Worth Investing in Golub Capital BDC, Inc. (NASDAQ: GBDC) Right Now?
The price-to-earnings ratio for Golub Capital BDC, Inc. (NASDAQ: GBDC) is 9.13x, which is above its average ratio. Moreover, the 36-month beta value for GBDC is 0.60. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for GBDC is 165.30M and currently, short sellers hold a 2.33% of that float. On April 19, 2024, GBDC’s average trading volume was 883.63K shares.
GBDC’s Market Performance
GBDC’s stock has seen a -0.66% decrease for the week, with a 4.93% rise in the past month and a 8.57% gain in the past quarter. The volatility ratio for the week is 1.25%, and the volatility levels for the past 30 days are at 1.16% for Golub Capital BDC, Inc.. The simple moving average for the past 20 days is 0.92% for GBDC’s stock, with a 11.70% simple moving average for the past 200 days.
Analysts’ Opinion of GBDC
Raymond James, on the other hand, stated in their research note that they expect to see GBDC reach a price target of $15.50. The rating they have provided for GBDC stocks is “Outperform” according to the report published on August 09th, 2023.
Wells Fargo gave a rating of “Equal Weight” to GBDC, setting the target price at $12.25 in the report published on April 18th of the previous year.
GBDC Trading at 3.70% from the 50-Day Moving Average
After a stumble in the market that brought GBDC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.40% of loss for the given period.
Volatility was left at 1.16%, however, over the last 30 days, the volatility rate increased by 1.25%, as shares surge +4.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.65% upper at present.
During the last 5 trading sessions, GBDC fell by -0.66%, which changed the moving average for the period of 200-days by +22.98% in comparison to the 20-day moving average, which settled at $16.48. In addition, Golub Capital BDC, Inc. saw 10.37% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GBDC starting from Rival Anita J., who purchase 8,000 shares at the price of $13.02 back on May 25 ’23. After this action, Rival Anita J. now owns 69,000 shares of Golub Capital BDC, Inc., valued at $104,160 using the latest closing price.
Stock Fundamentals for GBDC
Current profitability levels for the company are sitting at:
- 0.86 for the present operating margin
- 0.63 for the gross margin
The net margin for Golub Capital BDC, Inc. stands at 0.75. The total capital return value is set at 0.06. Equity return is now at value 12.20, with 5.40 for asset returns.
Based on Golub Capital BDC, Inc. (GBDC), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 1.39. The interest coverage ratio of the stock is 2.31.
Currently, EBITDA for the company is 292.77 million with net debt to EBITDA at 8.42. When we switch over and look at the enterprise to sales, we see a ratio of 14.13. The receivables turnover for the company is 7.58for trailing twelve months and the total asset turnover is 0.07.
Conclusion
To wrap up, the performance of Golub Capital BDC, Inc. (GBDC) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
