GSA Capital Partners LLP Increases Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

GSA Capital Partners LLP lifted its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 9.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,217 shares of the investment management company’s stock after purchasing an additional 1,685 shares during the quarter. GSA Capital Partners LLP’s holdings in Golub Capital BDC were worth $290,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 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 purchasing an additional 1,355 shares during the last quarter. Allworth Financial LP raised its position in Golub Capital BDC by 135.6% during the 3rd quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock worth $35,000 after buying an additional 1,347 shares during the last quarter. Cove Street Capital LLC purchased a new position in Golub Capital BDC during the 2nd quarter worth approximately $39,000. Quarry LP purchased a new position in Golub Capital BDC during the 2nd quarter worth approximately $61,000. Finally, Brown Brothers Harriman & Co. purchased a new position in Golub Capital BDC during the 2nd quarter worth approximately $71,000. 42.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Chairman Lawrence E. Golub purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were purchased at an average price of $15.04 per share, with a total value of $300,800.00. Following the purchase, the chairman now owns 1,898,880 shares of the company’s stock, valued at $28,559,155.20. The trade was a 1.06 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought a total of 80,000 shares of company stock valued at $1,197,400 in the last three months. 2.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GBDC shares. Keefe, Bruyette & Woods reduced their price target on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. StockNews.com lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday. Wells Fargo & Company reduced their price target 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. Finally, Oppenheimer reissued an “outperform” rating and set a $17.00 price target on shares of Golub Capital BDC in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Golub Capital BDC currently has an average rating of “Hold” and a consensus target price of $16.40.

Golub Capital BDC Price Performance

NASDAQ:GBDC opened at $15.30 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 5.01 and a quick ratio of 5.01. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 10.86 and a beta of 0.54. The company has a 50 day moving average price of $15.19 and a 200-day moving average price of $15.44. Golub Capital BDC, Inc. has a 1-year low of $14.05 and a 1-year high of $17.72.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 9th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 10.20%. The ex-dividend date of this dividend is Monday, December 9th. Golub Capital BDC’s dividend payout ratio (DPR) is 110.64%.

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.