Keel Point LLC Makes New $574,000 Investment in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Keel Point LLC bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 37,843 shares of the investment management company's stock, valued at approximately $574,000.

A number of other hedge funds also recently added to or reduced their stakes in GBDC. Barclays PLC increased its stake in Golub Capital BDC by 45.5% in the third quarter. Barclays PLC now owns 190,132 shares of the investment management company's stock valued at $2,873,000 after purchasing an additional 59,443 shares during the last quarter. Eagle Bay Advisors LLC boosted its position in shares of Golub Capital BDC by 82.1% in the 4th quarter. Eagle Bay Advisors LLC now owns 183,602 shares of the investment management company's stock valued at $2,783,000 after purchasing an additional 82,787 shares during the period. Janney Montgomery Scott LLC increased its position in Golub Capital BDC by 30.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 115,058 shares of the investment management company's stock worth $1,744,000 after buying an additional 26,764 shares during the period. Wealthspire Advisors LLC purchased a new stake in Golub Capital BDC in the fourth quarter valued at approximately $296,000. Finally, Franklin Resources Inc. boosted its holdings in shares of Golub Capital BDC by 32.2% in the third quarter. Franklin Resources Inc. now owns 404,865 shares of the investment management company's stock valued at $6,134,000 after acquiring an additional 98,685 shares during the period. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GBDC has been the subject of several research reports. Wells Fargo & Company reduced 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 research report on Monday, April 28th. 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. Finally, StockNews.com cut Golub Capital BDC from a "hold" rating to a "sell" rating in a research 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. According to data from MarketBeat.com, Golub Capital BDC currently has a consensus rating of "Hold" and a consensus target price of $15.50.

Golub Capital BDC Stock Performance

NASDAQ GBDC traded up $0.27 during trading hours on Friday, hitting $14.33. 1,098,533 shares of the stock were exchanged, compared to its average volume of 1,430,620. Golub Capital BDC, Inc. has a 12-month low of $12.68 and a 12-month high of $17.12. The stock has a 50-day moving average of $14.57 and a 200 day moving average of $15.10. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 10.38 and a beta of 0.33. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22.

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 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%. As a group, equities research 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. Investors of record on Monday, March 3rd were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.89%. The ex-dividend date of this dividend was Monday, March 3rd. Golub Capital BDC's dividend payout ratio (DPR) is 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.