Van ECK Associates Corp Has $37.34 Million Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Van ECK Associates Corp grew its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 8.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,472,926 shares of the investment management company's stock after purchasing an additional 197,681 shares during the period. Van ECK Associates Corp owned approximately 1.46% of Golub Capital BDC worth $37,341,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new position in Golub Capital BDC in the 3rd quarter valued at approximately $1,201,000. Commonwealth Equity Services LLC raised its holdings in shares of Golub Capital BDC by 0.9% during the third quarter. Commonwealth Equity Services LLC now owns 88,270 shares of the investment management company's stock worth $1,295,000 after acquiring an additional 816 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Golub Capital BDC by 18.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 23,347 shares of the investment management company's stock valued at $342,000 after purchasing an additional 3,676 shares during the last quarter. Raymond James & Associates grew its stake in Golub Capital BDC by 3.5% in the third quarter. Raymond James & Associates now owns 39,988 shares of the investment management company's stock valued at $587,000 after purchasing an additional 1,358 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in Golub Capital BDC by 19.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 17,546 shares of the investment management company's stock worth $257,000 after purchasing an additional 2,909 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wells Fargo & Company increased their price objective on Golub Capital BDC from $15.00 to $15.50 and gave the stock an "equal weight" rating in a report on Monday, January 29th. StockNews.com downgraded shares of Golub Capital BDC from a "buy" rating to a "hold" rating in a report on Friday, March 29th. Raymond James upped their price objective on shares of Golub Capital BDC from $16.00 to $16.50 and gave the stock an "outperform" rating in a report on Tuesday, January 23rd. Finally, Bank of America upgraded Golub Capital BDC from a "neutral" rating to a "buy" rating and set a $17.00 target price on the stock in a report on Monday, March 25th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Golub Capital BDC presently has an average rating of "Moderate Buy" and an average target price of $16.40.

Golub Capital BDC Stock Performance

NASDAQ:GBDC traded down $0.39 during midday trading on Wednesday, reaching $16.98. The stock had a trading volume of 864,304 shares, compared to its average volume of 863,205. The stock has a market capitalization of $2.91 billion, a P/E ratio of 9.54 and a beta of 0.57. Golub Capital BDC, Inc. has a 1-year low of $12.77 and a 1-year high of $17.72. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.15 and a quick ratio of 3.15. The firm's fifty day simple moving average is $16.32 and its 200-day simple moving average is $15.49.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). Golub Capital BDC had a net margin of 48.94% and a return on equity of 12.53%. The business had revenue of $164.77 million during the quarter, compared to analyst estimates of $160.93 million. On average, equities research analysts forecast that Golub Capital BDC, Inc. will post 1.95 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Thursday, May 2nd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 9.19%. The ex-dividend date of this dividend is Wednesday, May 1st. Golub Capital BDC's dividend payout ratio is currently 85.71%.

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.