The Manufacturers Life Insurance Company Has $909,000 Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

The Manufacturers Life Insurance Company increased its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 70.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,162 shares of the investment management company’s stock after acquiring an additional 24,780 shares during the period. The Manufacturers Life Insurance Company’s holdings in Golub Capital BDC were worth $909,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC bought a new position in shares of Golub Capital BDC in the second quarter valued at approximately $328,000. TCW Group Inc. raised its holdings in shares of Golub Capital BDC by 63.0% in the second quarter. TCW Group Inc. now owns 430,702 shares of the investment management company’s stock valued at $6,766,000 after purchasing an additional 166,480 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Golub Capital BDC by 3.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 639,923 shares of the investment management company’s stock valued at $10,053,000 after purchasing an additional 18,615 shares in the last quarter. Raymond James & Associates boosted its holdings in Golub Capital BDC by 5.5% during the second quarter. Raymond James & Associates now owns 116,963 shares of the investment management company’s stock worth $1,837,000 after purchasing an additional 6,104 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in Golub Capital BDC by 18.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 207,285 shares of the investment management company’s stock worth $3,256,000 after purchasing an additional 31,696 shares during the last quarter. Institutional investors own 42.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on GBDC shares. Wells Fargo & Company dropped 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 research report on Thursday, November 21st. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report 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, Golub Capital BDC currently has an average rating of “Moderate Buy” and a consensus target price of $16.40.

Golub Capital BDC Price Performance

NASDAQ GBDC opened at $15.03 on Friday. The company has a market cap of $3.97 billion, a PE ratio of 10.66 and a beta of 0.54. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15. The firm’s 50-day simple moving average is $15.33 and its two-hundred day simple moving average is $15.32. Golub Capital BDC, Inc. has a 52 week low of $14.05 and a 52 week high of $17.72.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 9th will be given a $0.39 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.38%. Golub Capital BDC’s dividend payout ratio (DPR) is currently 110.64%.

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.