Bank of New York Mellon Corp Acquires 44,815 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Bank of New York Mellon Corp lifted its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 64.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 114,670 shares of the investment management company’s stock after acquiring an additional 44,815 shares during the quarter. Bank of New York Mellon Corp’s holdings in Golub Capital BDC were worth $1,738,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GBDC. Partners Group Holding AG boosted its stake in Golub Capital BDC by 48.2% in the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock valued at $30,139,000 after purchasing an additional 648,855 shares during the period. Northeast Financial Consultants Inc raised its holdings in Golub Capital BDC by 25.9% in the 3rd quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock valued at $40,016,000 after acquiring an additional 544,126 shares in the last quarter. Van ECK Associates Corp raised its holdings in Golub Capital BDC by 13.4% in the 4th quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock valued at $68,555,000 after acquiring an additional 533,895 shares in the last quarter. Bank of Montreal Can acquired a new position in Golub Capital BDC in the 3rd quarter valued at $3,486,000. Finally, Anchor Investment Management LLC raised its holdings in shares of Golub Capital BDC by 195.0% during the 3rd quarter. Anchor Investment Management LLC now owns 274,115 shares of the investment management company’s stock worth $4,142,000 after buying an additional 181,210 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $16.38.

Golub Capital BDC Price Performance

Shares of GBDC opened at $15.12 on Friday. The business has a 50-day simple moving average of $15.40 and a two-hundred day simple moving average of $15.25. Golub Capital BDC, Inc. has a 12-month low of $14.05 and a 12-month high of $17.72. The stock has a market cap of $4.01 billion, a PE ratio of 10.96 and a beta of 0.50. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 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%. Analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a $0.39 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.56 annualized dividend and a yield of 10.32%. Golub Capital BDC’s payout ratio is currently 113.04%.

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.