Axa S.A. Makes New Investment in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Axa S.A. purchased a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,138 shares of the investment management company's stock, valued at approximately $275,000.

Several other institutional investors and hedge funds have also made changes to their positions in GBDC. Van ECK Associates Corp raised its stake 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 worth $68,555,000 after acquiring an additional 533,895 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of Golub Capital BDC by 6.0% in the fourth quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company's stock valued at $46,320,000 after purchasing an additional 172,519 shares during the period. Sage Mountain Advisors LLC raised its stake in shares of Golub Capital BDC by 38.8% in the fourth quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company's stock worth $38,043,000 after purchasing an additional 701,594 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Golub Capital BDC by 2.1% during the fourth quarter. JPMorgan Chase & Co. now owns 2,385,828 shares of the investment management company's stock worth $36,169,000 after purchasing an additional 49,519 shares during the period. Finally, Arnhold LLC boosted its position in Golub Capital BDC by 2.4% in the fourth quarter. Arnhold LLC now owns 1,412,589 shares of the investment management company's stock valued at $21,415,000 after buying an additional 32,500 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on GBDC shares. Wells Fargo & Company reduced their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Keefe, Bruyette & Woods reduced their target price on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Finally, StockNews.com raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $14.49 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 10.50 and a beta of 0.55. The firm's 50 day simple moving average is $14.45 and its 200-day simple moving average is $15.06. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.89.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. The firm had revenue of $211.10 million for the quarter, compared to analysts' expectations of $223.89 million. During the same period last year, the company posted $0.55 earnings per share. Analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $0.39 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.56 annualized dividend and a dividend yield of 10.77%. Golub Capital BDC's dividend payout ratio is presently 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.

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