Cary Street Partners Financial LLC Takes $312,000 Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Cary Street Partners Financial LLC bought a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,548 shares of the investment management company's stock, valued at approximately $312,000.

A number of other hedge funds have also made changes to their positions in the company. Barclays PLC grew its position in shares of Golub Capital BDC by 45.5% in the third quarter. Barclays PLC now owns 190,132 shares of the investment management company's stock valued at $2,873,000 after purchasing an additional 59,443 shares in the last quarter. Eagle Bay Advisors LLC grew its position in shares of Golub Capital BDC by 82.1% in the fourth quarter. Eagle Bay Advisors LLC now owns 183,602 shares of the investment management company's stock valued at $2,783,000 after purchasing an additional 82,787 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Golub Capital BDC by 30.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 115,058 shares of the investment management company's stock valued at $1,744,000 after purchasing an additional 26,764 shares in the last quarter. Wealthspire Advisors LLC purchased a new position in Golub Capital BDC in the fourth quarter worth approximately $296,000. Finally, Franklin Resources Inc. grew its position in Golub Capital BDC by 32.2% in the third quarter. Franklin Resources Inc. now owns 404,865 shares of the investment management company's stock worth $6,134,000 after acquiring an additional 98,685 shares during the period. Institutional investors and hedge funds own 42.38% of the company's stock.

Golub Capital BDC Trading Up 0.1%

NASDAQ:GBDC traded up $0.01 during trading hours on Wednesday, reaching $14.88. 1,061,216 shares of the stock were exchanged, compared to its average volume of 1,449,101. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The business has a 50-day moving average of $14.45 and a two-hundred day moving average of $15.05. Golub Capital BDC, Inc. has a twelve month low of $12.68 and a twelve month high of $16.76. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 10.78 and a beta of 0.55.

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 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 analyst estimates of $223.89 million. During the same quarter last year, the company earned $0.55 earnings per share. On average, equities analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.48%. The ex-dividend date is Friday, June 13th. Golub Capital BDC's dividend payout ratio (DPR) is 138.05%.

Wall Street Analyst Weigh In

GBDC has been the subject of several analyst reports. Keefe, Bruyette & Woods lowered their price objective on 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. StockNews.com upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Wells Fargo & Company lowered their price objective on 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. Finally, Bank of America lowered their price objective on Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating for the company in a research report on Monday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $15.50.

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.