Blue Trust Inc. Acquires 1,921 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Blue Trust Inc. lifted its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 413.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,386 shares of the investment management company’s stock after acquiring an additional 1,921 shares during the period. Blue Trust Inc.’s holdings in Golub Capital BDC were worth $36,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Nicholas Hoffman & Company LLC. grew its position in shares of Golub Capital BDC by 1.8% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 38,531 shares of the investment management company’s stock worth $582,000 after purchasing an additional 664 shares in the last quarter. Sanctuary Advisors LLC grew its position in Golub Capital BDC by 1.1% during the third quarter. Sanctuary Advisors LLC now owns 71,988 shares of the investment management company’s stock worth $1,101,000 after buying an additional 769 shares in the last quarter. Moors & Cabot Inc. increased its stake in Golub Capital BDC by 2.3% during the 3rd quarter. Moors & Cabot Inc. now owns 38,143 shares of the investment management company’s stock worth $576,000 after acquiring an additional 875 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Golub Capital BDC by 3.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,382 shares of the investment management company’s stock valued at $556,000 after acquiring an additional 1,150 shares in the last quarter. Finally, First Affirmative Financial Network lifted its position in shares of Golub Capital BDC by 11.9% during the 3rd quarter. First Affirmative Financial Network now owns 12,155 shares of the investment management company’s stock valued at $184,000 after acquiring an additional 1,294 shares during the period. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Stock Up 0.8 %

Shares of NASDAQ GBDC opened at $15.55 on Monday. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72. The company has a debt-to-equity ratio of 1.22, a quick ratio of 4.73 and a current ratio of 2.94. The company’s 50 day moving average price is $15.29 and its 200-day moving average price is $15.15. The company has a market capitalization of $4.13 billion, a P/E ratio of 11.27 and a beta of 0.54.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results 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%. Equities analysts forecast that Golub Capital BDC, Inc. will post 1.62 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 10.03%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC’s dividend payout ratio is presently 113.04%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GBDC. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Wells Fargo & Company cut their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.38.

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.