26,697 Shares in Golub Capital BDC, Inc. (NASDAQ:GBDC) Purchased by Focus Partners Wealth

Focus Partners Wealth acquired 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 filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,697 shares of the investment management company's stock, valued at approximately $405,000.

A number of other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of Golub Capital BDC by 413.1% during the 4th quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company's stock valued at $36,000 after purchasing an additional 1,921 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Golub Capital BDC by 36.1% in the 4th 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 during the period. Optiver Holding B.V. boosted its holdings in shares of 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 during the last quarter. Hurley Capital LLC bought a new stake in Golub Capital BDC during the fourth quarter valued at approximately $50,000. Finally, Cornerstone Wealth Management LLC bought a new stake in Golub Capital BDC during the fourth quarter valued at approximately $160,000. Institutional investors own 42.38% of the company's stock.

Wall Street Analysts Forecast Growth

GBDC has been the topic of several recent research reports. Keefe, Bruyette & Woods decreased their price target on shares of 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. Bank of America decreased their target price on 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 raised Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Wells Fargo & Company reduced their price target 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. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.50.

Golub Capital BDC Stock Performance

NASDAQ GBDC traded up $0.06 on Monday, reaching $14.95. 673,086 shares of the stock 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. Golub Capital BDC, Inc. has a one year low of $12.68 and a one year high of $16.76. The firm has a market capitalization of $3.98 billion, a PE ratio of 10.83 and a beta of 0.55. The company's 50-day simple moving average is $14.48 and its two-hundred day simple moving average is $15.04.

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). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. The firm had revenue of $211.10 million for the quarter, compared to the consensus estimate of $223.89 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. Analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS 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 paid a $0.39 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.56 dividend on an annualized basis and a yield of 10.43%. Golub Capital BDC's 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.