Confluence Investment Management LLC Increases Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Confluence Investment Management LLC boosted its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 347,488 shares of the investment management company’s stock after acquiring an additional 1,875 shares during the quarter. Confluence Investment Management LLC owned 0.13% of Golub Capital BDC worth $5,268,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Van ECK Associates Corp raised its position in shares of Golub Capital BDC by 13.5% during the third quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company’s stock valued at $61,458,000 after buying an additional 475,196 shares during the last quarter. Sound Income Strategies LLC lifted its stake in Golub Capital BDC by 5.0% in the third quarter. Sound Income Strategies LLC now owns 2,882,861 shares of the investment management company’s stock worth $43,560,000 after purchasing an additional 137,813 shares during the last quarter. Northeast Financial Consultants Inc boosted its holdings in Golub Capital BDC by 25.9% during 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 during the period. Allen Investment Management LLC boosted its stake in shares of Golub Capital BDC by 6.9% during the second quarter. Allen Investment Management LLC now owns 2,246,793 shares of the investment management company’s stock valued at $35,297,000 after purchasing an additional 145,761 shares during the period. Finally, Partners Group Holding AG boosted its position 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 buying an additional 648,855 shares during the period. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $15.27 on Friday. The stock has a market cap of $4.04 billion, a P/E ratio of 10.83 and a beta of 0.54. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 1.15. The company has a 50-day moving average price of $15.28 and a 200 day moving average price of $15.22. Golub Capital BDC, Inc. has a 12-month low of $14.05 and a 12-month high of $17.72.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 9th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.22%. The ex-dividend date was Monday, December 9th. Golub Capital BDC’s dividend payout ratio (DPR) is 110.64%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Wells Fargo & Company cut 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 report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.40.

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.