Envestnet Portfolio Solutions Inc. Makes New Investment in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Envestnet Portfolio Solutions Inc. bought a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,694 shares of the investment management company’s stock, valued at approximately $223,000.

A number of other large investors have also made changes to their positions in GBDC. Blue Trust Inc. increased its stake in 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 worth $36,000 after purchasing an additional 1,921 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Golub Capital BDC by 36.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock valued at $47,000 after buying an additional 827 shares during the period. Cornerstone Wealth Management LLC bought a new stake in shares of Golub Capital BDC during the fourth quarter worth $160,000. Empowered Funds LLC acquired a new stake in shares of Golub Capital BDC during the fourth quarter worth $173,000. Finally, Avantax Advisory Services Inc. bought a new stake in Golub Capital BDC in the 4th quarter valued at $179,000. Institutional investors own 42.38% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $16.17.

Golub Capital BDC Price Performance

Shares of GBDC opened at $15.25 on Friday. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The firm has a market capitalization of $4.05 billion, a PE ratio of 11.05 and a beta of 0.50. The company’s 50-day moving average is $15.40 and its 200-day moving average is $15.27. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. Equities analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were issued a $0.39 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.23%. Golub Capital BDC’s dividend payout ratio (DPR) is currently 113.04%.

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.