Golub Capital BDC, Inc. (NASDAQ:GBDC) Stock Position Increased by Citigroup Inc.

Citigroup Inc. boosted its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 1.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 342,728 shares of the investment management company’s stock after buying an additional 5,612 shares during the quarter. Citigroup Inc. owned 0.20% of Golub Capital BDC worth $5,179,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Abundance Wealth Counselors increased its holdings in shares of Golub Capital BDC by 289.2% in the second quarter. Abundance Wealth Counselors now owns 187,345 shares of the investment management company’s stock valued at $2,943,000 after buying an additional 139,212 shares in the last quarter. TCW Group Inc. raised its position in shares of Golub Capital BDC by 63.0% during the second quarter. TCW Group Inc. now owns 430,702 shares of the investment management company’s stock worth $6,766,000 after purchasing an additional 166,480 shares during the period. Cetera Advisors LLC acquired a new stake in shares of Golub Capital BDC during the first quarter worth $995,000. Northeast Financial Consultants Inc lifted its holdings in shares of Golub Capital BDC by 151.8% during the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after purchasing an additional 1,268,442 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its position in shares of Golub Capital BDC by 64.5% in the 2nd quarter. Baillie Gifford & Co. now owns 505,959 shares of the investment management company’s stock valued at $7,949,000 after purchasing an additional 198,473 shares during the period. 42.38% of the stock is owned by institutional investors and hedge funds.

Golub Capital BDC Trading Down 0.5 %

Shares of GBDC opened at $15.59 on Tuesday. The stock has a fifty day moving average price of $15.26 and a two-hundred day moving average price of $15.37. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 11.09 and a beta of 0.54. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 9th will be issued a $0.39 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.56 annualized dividend and a yield of 10.01%. Golub Capital BDC’s dividend payout ratio is currently 110.64%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 21st. Oppenheimer reiterated an “outperform” rating and set a $17.00 price target on shares of Golub Capital BDC in a report on Wednesday, August 7th. Keefe, Bruyette & Woods reduced their price objective on Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Golub Capital BDC has an average rating of “Moderate Buy” and a consensus price target of $16.40.

Insider Transactions at Golub Capital BDC

In related news, Chairman Lawrence E. Golub purchased 20,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of $14.91 per share, with a total value of $298,200.00. Following the completion of the purchase, the chairman now owns 1,998,880 shares in the company, valued at $29,803,300.80. This represents a 1.01 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Golub Capital BDC 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.