Millennium Management LLC Grows Stock Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Millennium Management LLC increased its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 168.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,909,304 shares of the investment management company's stock after purchasing an additional 1,196,800 shares during the quarter. Millennium Management LLC owned approximately 0.72% of Golub Capital BDC worth $28,945,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on GBDC. Wall Street Zen raised Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Bank of America reduced their price objective on Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating on the stock in a research note on Monday, May 12th. Wells Fargo & Company decreased their price objective on Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Finally, Keefe, Bruyette & Woods lowered their target price on 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. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Golub Capital BDC presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.50.

Golub Capital BDC Price Performance

Shares of Golub Capital BDC stock remained flat at $14.89 during trading hours on Thursday. 1,021,774 shares of the stock were exchanged, compared to its average volume of 1,456,785. The business's 50 day simple moving average is $14.48 and its 200 day simple moving average is $15.04. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. The stock has a market cap of $3.97 billion, a PE ratio of 10.79 and a beta of 0.55. Golub Capital BDC, Inc. has a 12-month low of $12.68 and a 12-month high of $16.76.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released 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 return on equity of 11.18% and a net margin of 39.63%. The company had revenue of $211.10 million during the quarter, compared to analysts' expectations of $223.89 million. During the same quarter in the prior year, the business posted $0.55 EPS. As a group, sell-side analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 10.48%. The ex-dividend date of this dividend is Friday, June 13th. Golub Capital BDC's dividend payout ratio is currently 138.05%.

Golub Capital BDC 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.