Barclays PLC Purchases 59,443 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Barclays PLC raised its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 45.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 190,132 shares of the investment management company’s stock after purchasing an additional 59,443 shares during the quarter. Barclays PLC owned 0.11% of Golub Capital BDC worth $2,873,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GBDC. Raymond James & Associates boosted its holdings in Golub Capital BDC by 5.5% in the 2nd quarter. Raymond James & Associates now owns 116,963 shares of the investment management company’s stock worth $1,837,000 after buying an additional 6,104 shares during the period. HB Wealth Management LLC grew its position in shares of Golub Capital BDC by 205.4% during the second quarter. HB Wealth Management LLC now owns 384,595 shares of the investment management company’s stock worth $6,042,000 after purchasing an additional 258,661 shares in the last quarter. TrueMark Investments LLC bought a new stake in Golub Capital BDC during the 2nd quarter valued at approximately $1,389,000. International Assets Investment Management LLC bought a new stake in Golub Capital BDC during the 2nd quarter valued at approximately $121,000. Finally, Legacy Advisors LLC purchased a new position in Golub Capital BDC in the 2nd quarter worth approximately $222,000. 42.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GBDC has been the topic of several recent analyst reports. Wells Fargo & Company reduced 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. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.40.

Golub Capital BDC Trading Up 1.7 %

GBDC stock opened at $15.33 on Wednesday. The firm has a market cap of $4.05 billion, a PE ratio of 10.87 and a beta of 0.54. The firm has a fifty day moving average price of $15.30 and a 200 day moving average price of $15.24. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 10.18%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 110.64%.

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.