BNP Paribas Financial Markets Buys 52,155 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

BNP Paribas Financial Markets lifted its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 60.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 138,198 shares of the investment management company's stock after buying an additional 52,155 shares during the period. BNP Paribas Financial Markets owned approximately 0.05% of Golub Capital BDC worth $2,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings in shares of Golub Capital BDC by 16.6% in the fourth quarter. Ameriprise Financial Inc. now owns 66,378 shares of the investment management company's stock worth $1,006,000 after buying an additional 9,429 shares during the last quarter. Ancora Advisors LLC raised its position in Golub Capital BDC by 12.9% in the fourth quarter. Ancora Advisors LLC now owns 11,491 shares of the investment management company's stock worth $174,000 after acquiring an additional 1,310 shares during the period. AXA S.A. purchased a new position in shares of Golub Capital BDC during the 4th quarter worth $275,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Golub Capital BDC during the 4th quarter valued at $753,000. Finally, Keel Point LLC bought a new stake in shares of Golub Capital BDC during the 4th quarter valued at $574,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com raised Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Keefe, Bruyette & Woods decreased their price objective on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company lowered 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. Finally, Bank of America reduced their target price on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating for the company in a report on Monday, May 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $15.50.

Golub Capital BDC Price Performance

Shares of GBDC traded down $0.29 during trading hours on Wednesday, reaching $14.89. 1,157,556 shares of the stock traded hands, compared to its average volume of 1,455,575. The company has a market cap of $3.97 billion, a P/E ratio of 10.79 and a beta of 0.55. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22. The company's 50-day moving average price is $14.48 and its two-hundred day moving average price is $15.04. 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 announced its quarterly earnings data on Monday, May 5th. The investment management company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). The business had revenue of $211.10 million during the quarter, compared to analysts' expectations 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 previous year, the firm earned $0.55 earnings per share. On average, analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

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 issued a $0.39 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.56 dividend on an annualized basis and a yield of 10.48%. Golub Capital BDC's dividend payout ratio is presently 138.05%.

Golub Capital BDC Company 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.