Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE raised its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 77.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,213,622 shares of the investment management company's stock after acquiring an additional 968,525 shares during the period. Bank of America Corp DE owned approximately 0.83% of Golub Capital BDC worth $33,559,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of 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 buying an additional 1,921 shares during the period. Optiver Holding B.V. grew its position in Golub Capital BDC by 28.7% in the 4th quarter. Optiver Holding B.V. now owns 3,087 shares of the investment management company's stock valued at $47,000 after acquiring an additional 688 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in 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. Hurley Capital LLC acquired a new stake in shares of Golub Capital BDC during the fourth quarter worth about $50,000. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of Golub Capital BDC during the fourth quarter worth about $160,000. 42.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GBDC shares. Bank of America cut their target price 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. Wells Fargo & Company cut their price objective on 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. StockNews.com upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods lowered 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Golub Capital BDC currently has an average rating of "Moderate Buy" and an average price target of $15.50.

Golub Capital BDC Stock Down 0.1%

Shares of GBDC traded down $0.02 during midday trading on Thursday, reaching $14.88. The stock had a trading volume of 187,500 shares, compared to its average volume of 1,453,848. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 10.76 and a beta of 0.55. The company's fifty day simple moving average is $14.48 and its two-hundred day simple moving average is $15.04. Golub Capital BDC, Inc. has a 1-year low of $12.68 and a 1-year high of $16.76. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). The business had revenue of $211.10 million for the quarter, compared to analysts' expectations of $223.89 million. Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. During the same period last year, the firm earned $0.55 earnings per share. Equities 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 firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 10.49%. The ex-dividend date of this dividend is Friday, June 13th. Golub Capital BDC's dividend payout ratio (DPR) is 138.05%.

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.