Golub Capital BDC, Inc. (NASDAQ:GBDC) Stock Position Lifted by Franklin Resources Inc.

Franklin Resources Inc. boosted its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 71.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 694,587 shares of the investment management company's stock after acquiring an additional 289,722 shares during the quarter. Franklin Resources Inc. owned 0.26% of Golub Capital BDC worth $10,530,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in GBDC. Blue Trust Inc. raised its stake in 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 acquiring an additional 1,921 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Golub Capital BDC by 36.1% during the fourth 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. Cornerstone Wealth Management LLC purchased a new position in Golub Capital BDC in the 4th quarter valued at $160,000. Empowered Funds LLC acquired a new position in Golub Capital BDC in the 4th quarter valued at $173,000. Finally, Avantax Advisory Services Inc. purchased a new position in Golub Capital BDC during the 4th quarter worth $179,000. Hedge funds and other institutional investors own 42.38% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods cut their target price on 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 investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $15.83.

Golub Capital BDC Trading Up 0.4 %

Shares of GBDC traded up $0.05 during mid-day trading on Monday, hitting $13.73. The company had a trading volume of 330,826 shares, compared to its average volume of 1,386,331. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $17.72. 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 business's 50-day simple moving average is $15.05 and its 200-day simple moving average is $15.20. The stock has a market cap of $3.65 billion, a PE ratio of 9.95 and a beta of 0.33.

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

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 11.36%. The ex-dividend date was Monday, March 3rd. Golub Capital BDC's dividend payout ratio is currently 113.04%.

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.