Focus Partners Wealth Takes Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Focus Partners Wealth purchased a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 26,697 shares of the investment management company's stock, valued at approximately $405,000.

Other hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in shares of Golub Capital BDC by 60.6% in the 4th quarter. BNP Paribas Financial Markets now owns 138,198 shares of the investment management company's stock valued at $2,095,000 after buying an additional 52,155 shares during the period. Barclays PLC grew its stake in shares of Golub Capital BDC by 45.5% in the 3rd quarter. Barclays PLC now owns 190,132 shares of the investment management company's stock valued at $2,873,000 after buying an additional 59,443 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Golub Capital BDC by 30.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 115,058 shares of the investment management company's stock valued at $1,744,000 after buying an additional 26,764 shares during the period. Wealthspire Advisors LLC purchased a new stake in shares of Golub Capital BDC in the 4th quarter valued at approximately $296,000. Finally, Atria Investments Inc grew its stake in shares of 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 buying an additional 886,123 shares during the period. Hedge funds and other institutional investors own 42.38% of the company's stock.

Golub Capital BDC Trading Up 0.4%

Shares of GBDC stock traded up $0.06 during trading hours on Friday, hitting $14.95. The company had a trading volume of 673,086 shares, compared to its average volume of 1,456,775. The stock has a market capitalization of $3.98 billion, a PE ratio of 10.83 and a beta of 0.55. Golub Capital BDC, Inc. has a fifty-two week low of $12.68 and a fifty-two week high of $16.76. 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's fifty day moving average is $14.48 and its 200 day moving average is $15.04.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued 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). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. The business had revenue of $211.10 million during the quarter, compared to analysts' expectations of $223.89 million. During the same period in the prior year, the business earned $0.55 EPS. Research analysts expect 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 declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $0.39 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.56 annualized dividend and a yield of 10.43%. Golub Capital BDC's dividend payout ratio is presently 138.05%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GBDC. Wells Fargo & Company dropped their price target on shares of 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. Bank of America decreased their price objective on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating on the stock in a report on Monday, May 12th. Wall Street Zen upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $15.50.

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.