Avantax Advisory Services Inc. Invests $179,000 in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Avantax Advisory Services Inc. acquired a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,817 shares of the investment management company’s stock, valued at approximately $179,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Citigroup Inc. grew its position in Golub Capital BDC by 1.7% in the 3rd quarter. Citigroup Inc. now owns 342,728 shares of the investment management company’s stock worth $5,179,000 after purchasing an additional 5,612 shares during the last quarter. Bank of Montreal Can bought a new position in Golub Capital BDC during the third quarter valued at about $3,486,000. The Manufacturers Life Insurance Company raised its holdings in Golub Capital BDC by 70.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 60,162 shares of the investment management company’s stock valued at $909,000 after acquiring an additional 24,780 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of Golub Capital BDC by 12.6% in the 3rd quarter. D.A. Davidson & CO. now owns 251,132 shares of the investment management company’s stock worth $3,795,000 after acquiring an additional 28,031 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of Golub Capital BDC by 517.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 86,043 shares of the investment management company’s stock worth $1,300,000 after purchasing an additional 72,117 shares in the last quarter. Institutional investors own 42.38% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.17.

Golub Capital BDC Stock Performance

NASDAQ:GBDC opened at $15.37 on Friday. 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 firm has a 50-day moving average price of $15.40 and a 200 day moving average price of $15.26. The firm has a market capitalization of $4.08 billion, a PE ratio of 11.14 and a beta of 0.50. Golub Capital BDC, Inc. has a 12-month low of $14.05 and a 12-month high of $17.72.

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

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.15%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC’s payout ratio is 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.