Arnhold LLC grew its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,412,589 shares of the investment management company's stock after buying an additional 32,500 shares during the quarter. Golub Capital BDC accounts for 2.1% of Arnhold LLC's investment portfolio, making the stock its 14th largest position. Arnhold LLC owned about 0.53% of Golub Capital BDC worth $21,415,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in GBDC. Blue Trust Inc. lifted its position in shares of Golub Capital BDC by 413.1% during the fourth quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company's stock worth $36,000 after purchasing an additional 1,921 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Golub Capital BDC by 36.1% in the 4th 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 last quarter. Hurley Capital LLC purchased a new position in Golub Capital BDC during the 4th quarter worth $50,000. Cornerstone Wealth Management LLC acquired a new position in Golub Capital BDC in the fourth quarter valued at $160,000. Finally, Empowered Funds LLC purchased a new stake in shares of Golub Capital BDC in the fourth quarter valued at about $173,000. Institutional investors and hedge funds own 42.38% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research 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 report on Tuesday, April 8th. Wells Fargo & Company cut their price target on shares of Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday. Finally, StockNews.com cut shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $15.50.
Read Our Latest Analysis on GBDC
Golub Capital BDC Price Performance
Shares of GBDC stock traded down $0.03 during trading hours on Wednesday, hitting $14.27. The company's stock had a trading volume of 466,632 shares, compared to its average volume of 1,420,080. The business has a fifty day moving average of $14.66 and a 200-day moving average of $15.12. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of 10.34 and a beta of 0.33. Golub Capital BDC, Inc. has a twelve month low of $12.68 and a twelve month high of $17.72. 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 (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 EPS 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%. As a group, equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.
Golub Capital BDC Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.93%. The ex-dividend date was Monday, March 3rd. Golub Capital BDC's dividend payout ratio is currently 113.04%.
About Golub Capital BDC
(
Free Report)
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.
Recommended Stories
Before you consider Golub Capital BDC, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Golub Capital BDC wasn't on the list.
While Golub Capital BDC currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
