Balyasny Asset Management L.P. Buys Shares of 158,404 Golub Capital BDC, Inc. (NASDAQ:GBDC)

Balyasny Asset Management L.P. purchased a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 158,404 shares of the investment management company's stock, valued at approximately $2,401,000. Balyasny Asset Management L.P. owned about 0.06% of Golub Capital BDC as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of GBDC. Bank of America Corp DE grew its holdings in shares of Golub Capital BDC by 77.8% in the fourth quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company's stock valued at $33,559,000 after purchasing an additional 968,525 shares during the period. Atria Investments Inc raised its position in Golub Capital BDC by 912.0% in the 4th quarter. Atria Investments Inc now owns 983,286 shares of the investment management company's stock valued at $14,907,000 after purchasing an additional 886,123 shares in the last quarter. Sage Mountain Advisors LLC raised its holdings in shares of Golub Capital BDC by 38.8% in the 4th quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company's stock valued at $38,043,000 after purchasing an additional 701,594 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Golub Capital BDC by 13.4% during 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 buying an additional 533,895 shares during the last quarter. Finally, OneAscent Wealth Management LLC purchased a new stake in Golub Capital BDC during the fourth quarter worth approximately $6,395,000. Institutional investors and hedge funds own 42.38% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GBDC. StockNews.com upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Bank of America reduced their price target on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating for the company in a research report on Monday. Keefe, Bruyette & Woods cut 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 research report on Tuesday, April 8th. Finally, Wells Fargo & Company reduced their price objective on Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $15.50.

Golub Capital BDC Stock Performance

Shares of NASDAQ GBDC traded up $0.10 during midday trading on Friday, reaching $15.04. 1,082,997 shares of the company traded hands, compared to its average volume of 1,448,597. The stock has a 50-day moving average price of $14.45 and a 200 day moving average price of $15.05. 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 company has a market cap of $4.01 billion, a price-to-earnings ratio of 10.90 and a beta of 0.55. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $16.76.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released 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). The firm had revenue of $211.10 million for the quarter, compared to analyst estimates of $223.89 million. Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. During the same quarter in the prior year, the firm earned $0.55 EPS. Sell-side analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, June 13th. This represents a $1.56 annualized dividend and a dividend yield of 10.37%. Golub Capital BDC's dividend payout ratio is presently 138.05%.

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.