ExodusPoint Capital Management LP Takes $1.23 Million Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

ExodusPoint Capital Management LP purchased a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 80,775 shares of the investment management company's stock, valued at approximately $1,225,000.

Several other institutional investors and hedge funds have also bought and sold shares of GBDC. Blue Trust Inc. raised its position in shares of Golub Capital BDC by 413.1% in the 4th quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company's stock worth $36,000 after acquiring an additional 1,921 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Golub Capital BDC by 36.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock worth $47,000 after purchasing an additional 827 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new position in Golub Capital BDC during the fourth quarter valued at $160,000. Empowered Funds LLC purchased a new position in Golub Capital BDC during the fourth quarter valued at $173,000. Finally, Avantax Advisory Services Inc. bought a new stake in shares of Golub Capital BDC during the 4th quarter valued at $179,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Up 2.2 %

Shares of NASDAQ:GBDC traded up $0.30 on Tuesday, hitting $14.01. 445,499 shares of the company traded hands, compared to its average volume of 1,389,740. The company has a market cap of $3.72 billion, a PE ratio of 10.15 and a beta of 0.33. The stock has a 50 day simple moving average of $15.01 and a 200-day simple moving average of $15.19. Golub Capital BDC, Inc. has a 52 week low of $12.68 and a 52 week high of $17.72. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. As a group, research analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.39 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.56 annualized dividend and a yield of 11.14%. Golub Capital BDC's dividend payout ratio is 113.04%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GBDC. Keefe, Bruyette & Woods lowered their price target 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. StockNews.com downgraded shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.83.

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.