D. E. Shaw & Co. Inc. Buys 49,863 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

D. E. Shaw & Co. Inc. raised its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 52.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 144,749 shares of the investment management company's stock after buying an additional 49,863 shares during the period. D. E. Shaw & Co. Inc. owned about 0.05% of Golub Capital BDC worth $2,194,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. increased its stake 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 purchasing an additional 1,921 shares in the last quarter. Parkside Financial Bank & Trust increased its position 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 buying an additional 827 shares in the last quarter. Optiver Holding B.V. increased its position in Golub Capital BDC by 28.7% in the fourth quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock worth $47,000 after buying an additional 688 shares in the last quarter. Hurley Capital LLC bought a new position in shares of Golub Capital BDC in the fourth quarter worth about $50,000. Finally, Cornerstone Wealth Management LLC purchased a new position in shares of Golub Capital BDC during the 4th quarter valued at about $160,000. 42.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GBDC shares. Wells Fargo & Company cut 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 note on Monday, April 28th. Wall Street Zen upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Bank of America dropped 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. Finally, Keefe, Bruyette & Woods lowered their price objective on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.50.

Golub Capital BDC Price Performance

Shares of NASDAQ:GBDC traded up $0.06 during midday trading on Monday, reaching $14.95. 673,086 shares of the company were exchanged, compared to its average volume of 1,455,565. 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 business's fifty day moving average is $14.48 and its two-hundred day moving average is $15.04. Golub Capital BDC, Inc. has a one year low of $12.68 and a one year high of $16.76. The stock has a market cap of $3.98 billion, a PE ratio of 10.83 and a beta of 0.55.

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 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). The company had revenue of $211.10 million during the quarter, compared to analysts' expectations of $223.89 million. Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. During the same quarter in the previous year, the firm earned $0.55 EPS. As a group, analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share 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. Investors 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 10.43%. The ex-dividend date is Friday, June 13th. Golub Capital BDC's payout ratio is presently 138.05%.

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.