Truist Financial Corp Buys 20,101 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Truist Financial Corp raised its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 172.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,788 shares of the investment management company’s stock after purchasing an additional 20,101 shares during the period. Truist Financial Corp’s holdings in Golub Capital BDC were worth $482,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of Golub Capital BDC by 413.1% during the 4th quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company’s stock valued at $36,000 after purchasing an additional 1,921 shares during the last quarter. Cary Street Partners Asset Management LLC bought a new position in shares of Golub Capital BDC during the 3rd quarter valued at about $151,000. Cornerstone Wealth Management LLC bought a new position in shares of Golub Capital BDC during the 4th quarter valued at about $160,000. Oppenheimer & Co. Inc. bought a new position in shares of Golub Capital BDC during the 3rd quarter valued at about $162,000. Finally, Empowered Funds LLC bought a new position in shares of Golub Capital BDC during the 4th quarter valued at about $173,000. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Down 3.0 %

Shares of NASDAQ GBDC opened at $15.20 on Tuesday. The firm’s 50-day moving average price is $15.47 and its 200-day moving average price is $15.26. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 11.01 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.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. On average, equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 10.26%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC’s dividend payout ratio (DPR) is currently 113.04%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on GBDC shares. Wells Fargo & Company dropped their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 21st. StockNews.com cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.38.

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.