Northeast Financial Consultants Inc Decreases Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Northeast Financial Consultants Inc reduced its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,567,820 shares of the investment management company's stock after selling 80,501 shares during the quarter. Golub Capital BDC makes up approximately 1.6% of Northeast Financial Consultants Inc's investment portfolio, making the stock its 14th largest position. Northeast Financial Consultants Inc owned about 0.97% of Golub Capital BDC worth $38,928,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new stake in Golub Capital BDC during the fourth quarter worth about $19,145,000. Millennium Management LLC boosted its stake in shares of Golub Capital BDC by 168.0% in the 4th quarter. Millennium Management LLC now owns 1,909,304 shares of the investment management company's stock worth $28,945,000 after buying an additional 1,196,800 shares during the last quarter. Bank of America Corp DE raised its holdings in Golub Capital BDC by 77.8% during the 4th quarter. Bank of America Corp DE now owns 2,213,622 shares of the investment management company's stock valued at $33,559,000 after acquiring an additional 968,525 shares during the period. Atria Investments Inc boosted its position in Golub Capital BDC by 912.0% during the fourth 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. Finally, Sage Mountain Advisors LLC raised its holdings in Golub Capital BDC by 38.8% in the fourth quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company's stock worth $38,043,000 after purchasing an additional 701,594 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company's stock.

Golub Capital BDC Price Performance

Shares of GBDC traded down $0.01 on Monday, reaching $15.04. The stock had a trading volume of 259,551 shares, compared to its average volume of 1,451,689. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $4.01 billion, a PE ratio of 10.90 and a beta of 0.55. The firm has a 50-day moving average of $14.45 and a 200 day moving average of $15.04. Golub Capital BDC, Inc. has a twelve month low of $12.68 and a twelve month high of $16.76.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share (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 business had revenue of $211.10 million during the quarter, compared to analyst estimates of $223.89 million. During the same period last year, the company earned $0.55 EPS. Sell-side analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The business also recently disclosed 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 10.38%. Golub Capital BDC's payout ratio is currently 138.05%.

Analysts Set New Price Targets

GBDC has been the topic of a number of research reports. Wells Fargo & Company reduced their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Keefe, Bruyette & Woods lowered their price target on shares of 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. Bank of America lowered 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 research note on Monday, May 12th. Finally, StockNews.com raised Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.