Kingswood Wealth Advisors LLC Takes $375,000 Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Kingswood Wealth Advisors LLC bought a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,733 shares of the investment management company’s stock, valued at approximately $375,000.

A number of other institutional investors have also recently modified their holdings of GBDC. Partners Group Holding AG lifted its position in shares of Golub Capital BDC by 48.2% during the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock worth $30,139,000 after buying an additional 648,855 shares during the last quarter. Barclays PLC lifted its position in shares of Golub Capital BDC by 45.5% during the 3rd quarter. Barclays PLC now owns 190,132 shares of the investment management company’s stock worth $2,873,000 after buying an additional 59,443 shares during the last quarter. Eagle Bay Advisors LLC lifted its position in shares of Golub Capital BDC by 82.1% during the 4th quarter. Eagle Bay Advisors LLC now owns 183,602 shares of the investment management company’s stock worth $2,783,000 after buying an additional 82,787 shares during the last quarter. BBR Partners LLC bought a new stake in shares of Golub Capital BDC during the 3rd quarter worth $655,000. Finally, Franklin Resources Inc. lifted its position in shares of Golub Capital BDC by 32.2% during the 3rd quarter. Franklin Resources Inc. now owns 404,865 shares of the investment management company’s stock worth $6,134,000 after buying an additional 98,685 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GBDC. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. Wells Fargo & Company lowered their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently 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 $15.64 on Friday. Golub Capital BDC, Inc. has a 12-month low of $14.05 and a 12-month high of $17.72. The business has a 50-day simple moving average of $15.28 and a two-hundred day simple moving average of $15.16. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15. The stock has a market cap of $4.13 billion, a PE ratio of 11.09 and a beta of 0.53.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 9th were paid a $0.39 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.56 annualized dividend and a dividend yield of 9.97%. Golub Capital BDC’s payout ratio is 110.64%.

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.