Proficio Capital Partners LLC Makes New $787,000 Investment in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Proficio Capital Partners LLC purchased a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 51,923 shares of the investment management company’s stock, valued at approximately $787,000.

Several other institutional investors and hedge funds have also bought and sold shares of GBDC. Partners Group Holding AG grew its holdings in Golub Capital BDC by 48.2% in the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock worth $30,139,000 after purchasing an additional 648,855 shares during the last quarter. LGT Capital Partners LTD. purchased a new position in Golub Capital BDC in the third quarter worth $8,721,000. Northeast Financial Consultants Inc grew its holdings in shares of Golub Capital BDC by 25.9% during the third quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock valued at $40,016,000 after buying an additional 544,126 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Golub Capital BDC by 13.4% during the fourth quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock valued at $68,555,000 after buying an additional 533,895 shares during the last quarter. Finally, First National Trust Co purchased a new stake in shares of Golub Capital BDC during the third quarter valued at $3,992,000. 42.38% of the stock is owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Up 1.5 %

Shares of NASDAQ GBDC opened at $15.03 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94. The company has a market capitalization of $3.99 billion, a P/E ratio of 10.89 and a beta of 0.50. The company has a 50 day simple moving average of $15.45 and a 200-day simple moving average of $15.26. Golub Capital BDC, Inc. has a 1 year low of $14.05 and a 1 year 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 predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.39 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.56 annualized dividend and a dividend yield of 10.38%. Golub Capital BDC’s dividend payout ratio (DPR) is currently 113.04%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GBDC. Wells Fargo & Company decreased 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 downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.38.

Golub Capital BDC Company 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.