Mackenzie Financial Corp Takes $499,000 Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Mackenzie Financial Corp bought a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 32,940 shares of the investment management company's stock, valued at approximately $499,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GBDC. LPL Financial LLC grew its stake in Golub Capital BDC by 16.1% during the 1st quarter. LPL Financial LLC now owns 424,266 shares of the investment management company's stock valued at $6,423,000 after purchasing an additional 58,907 shares during the last quarter. Texas Yale Capital Corp. lifted its holdings in shares of Golub Capital BDC by 10.8% during the first quarter. Texas Yale Capital Corp. now owns 173,139 shares of the investment management company's stock worth $2,621,000 after purchasing an additional 16,933 shares during the period. Allen Investment Management LLC boosted its position in Golub Capital BDC by 11.9% in the first quarter. Allen Investment Management LLC now owns 4,135,726 shares of the investment management company's stock valued at $62,615,000 after buying an additional 441,050 shares during the last quarter. Baillie Gifford & Co. boosted its position in Golub Capital BDC by 30.9% in the first quarter. Baillie Gifford & Co. now owns 548,319 shares of the investment management company's stock valued at $8,302,000 after buying an additional 129,461 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in Golub Capital BDC by 18.9% in the 1st quarter. Cetera Investment Advisers now owns 111,756 shares of the investment management company's stock worth $1,692,000 after buying an additional 17,758 shares during the period. Hedge funds and other institutional investors own 42.38% of the company's stock.

Analyst Ratings Changes

GBDC has been the subject of several research reports. Bank of America decreased their price objective on shares of Golub Capital BDC from $16.50 to $15.50 and set a "buy" rating for the company in a research note on Monday, May 12th. Wall Street Zen raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Wells Fargo & Company lowered their price target on shares of 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.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $14.73 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.37 and a quick ratio of 3.01. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 10.37 and a beta of 0.51. The firm's 50 day simple moving average is $14.93 and its 200-day simple moving average is $14.92. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $16.00.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The investment management company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. Golub Capital BDC had a net margin of 42.81% and a return on equity of 10.87%. The company had revenue of $218.34 million for the quarter, compared to analyst estimates of $215.47 million. During the same quarter last year, the business earned $0.39 earnings per share. Analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.56 dividend on an annualized basis and a yield of 10.6%. Golub Capital BDC's dividend payout ratio is presently 138.05%.

Insiders Place Their Bets

In other Golub Capital BDC news, Chairman Lawrence E. Golub acquired 6,059,971 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were bought at an average cost of $15.13 per share, with a total value of $91,687,361.23. Following the completion of the acquisition, the chairman owned 6,059,971 shares in the company, valued at approximately $91,687,361.23. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.60% of the company's stock.

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.

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