BNP Paribas Financial Markets Grows Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

BNP Paribas Financial Markets increased its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 517.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 86,043 shares of the investment management company’s stock after acquiring an additional 72,117 shares during the period. BNP Paribas Financial Markets owned approximately 0.05% of Golub Capital BDC worth $1,300,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its holdings in shares of Golub Capital BDC by 13.5% in the third quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company’s stock valued at $61,458,000 after purchasing an additional 475,196 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of Golub Capital BDC by 5.0% in the 3rd quarter. Sound Income Strategies LLC now owns 2,882,861 shares of the investment management company’s stock valued at $43,560,000 after purchasing an additional 137,813 shares during the last quarter. Allen Investment Management LLC lifted its holdings in Golub Capital BDC by 6.9% during the 2nd quarter. Allen Investment Management LLC now owns 2,246,793 shares of the investment management company’s stock worth $35,297,000 after buying an additional 145,761 shares during the last quarter. Northeast Financial Consultants Inc boosted its position in shares of Golub Capital BDC by 151.8% during the 2nd quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock worth $33,057,000 after acquiring an additional 1,268,442 shares in the last quarter. Finally, Partners Group Holding AG boosted its position in shares of Golub Capital BDC by 48.2% during the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock worth $30,139,000 after acquiring an additional 648,855 shares in the last quarter. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Performance

Shares of GBDC opened at $15.14 on Tuesday. The stock has a market capitalization of $4.00 billion, a PE ratio of 10.74 and a beta of 0.54. Golub Capital BDC, Inc. has a 12-month low of $14.05 and a 12-month high of $17.72. The business’s fifty day moving average price is $15.32 and its 200 day moving average price is $15.33. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 4.73.

Golub Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be paid a $0.39 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.56 annualized dividend and a dividend yield of 10.30%. Golub Capital BDC’s payout ratio is currently 110.64%.

Wall Street Analyst Weigh In

GBDC has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, November 21st. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.40.

About Golub Capital BDC

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.