Private Advisor Group LLC Grows Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Private Advisor Group LLC grew its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 28.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,637 shares of the investment management company’s stock after purchasing an additional 7,291 shares during the period. Private Advisor Group LLC’s holdings in Golub Capital BDC were worth $495,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GBDC. Blue Trust Inc. grew its position in Golub Capital BDC by 413.1% in the fourth quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company’s stock worth $36,000 after acquiring an additional 1,921 shares in the last quarter. Cary Street Partners Asset Management LLC purchased a new position in Golub Capital BDC in the third quarter worth $151,000. Cornerstone Wealth Management LLC purchased a new position in Golub Capital BDC in the fourth quarter worth $160,000. Oppenheimer & Co. Inc. purchased a new position in Golub Capital BDC in the third quarter worth $162,000. Finally, Empowered Funds LLC purchased a new position in Golub Capital BDC in the fourth quarter worth $173,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GBDC. 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 for the company in a research report on Thursday, November 21st. StockNews.com lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. One investment 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $16.38.

Golub Capital BDC Stock Performance

Golub Capital BDC stock opened at $15.20 on Tuesday. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $4.04 billion, a PE ratio of 11.01 and a beta of 0.54. The firm has a fifty day simple moving average of $15.47 and a two-hundred day simple moving average of $15.26. Golub Capital BDC, Inc. has a twelve month low of $14.05 and a twelve month high of $17.72.

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

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.26%. The ex-dividend date of this dividend is Monday, March 3rd. Golub Capital BDC’s dividend payout ratio is presently 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.