Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 11.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 372,363 shares of the investment management company's stock after purchasing an additional 36,776 shares during the period. Envestnet Asset Management Inc. owned approximately 0.14% of Golub Capital BDC worth $5,645,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of GBDC. Blue Trust Inc. increased its position in Golub Capital BDC by 413.1% in the 4th quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company's stock valued at $36,000 after acquiring an additional 1,921 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Golub Capital BDC by 36.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock valued at $47,000 after purchasing an additional 827 shares during the period. Cornerstone Wealth Management LLC purchased a new stake in shares of Golub Capital BDC during the fourth quarter worth approximately $160,000. Empowered Funds LLC acquired a new stake in shares of Golub Capital BDC during the fourth quarter worth $173,000. Finally, Avantax Advisory Services Inc. purchased a new position in Golub Capital BDC in the 4th quarter valued at $179,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Price Performance

Shares of GBDC traded down $0.02 during trading hours on Friday, reaching $14.44. The company had a trading volume of 1,358,828 shares, compared to its average volume of 1,420,155. 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 12-month low of $12.68 and a 12-month high of $17.72. The firm has a 50 day simple moving average of $14.72 and a 200-day simple moving average of $15.13. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 10.46 and a beta of 0.33.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. Research analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.80%. The ex-dividend date of this dividend was Monday, March 3rd. Golub Capital BDC's dividend payout ratio (DPR) is 113.04%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GBDC shares. Keefe, Bruyette & Woods reduced their target price on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. StockNews.com lowered Golub Capital BDC from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Golub Capital BDC presently has a consensus rating of "Hold" and a consensus price target of $15.83.

About Golub Capital BDC

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.