Jump Financial LLC Acquires 91,400 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Jump Financial LLC lifted its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 719.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 104,100 shares of the investment management company's stock after acquiring an additional 91,400 shares during the quarter. Jump Financial LLC owned 0.06% of Golub Capital BDC worth $1,572,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Private Trust Co. NA boosted its position in Golub Capital BDC by 1,005.0% during the fourth quarter. Private Trust Co. NA now owns 2,199 shares of the investment management company's stock valued at $33,000 after buying an additional 2,000 shares during the period. Cary Street Partners Investment Advisory LLC purchased a new stake in Golub Capital BDC during the 4th quarter valued at about $151,000. Latitude Advisors LLC bought a new position in Golub Capital BDC during the 4th quarter worth approximately $152,000. Perigon Wealth Management LLC purchased a new position in Golub Capital BDC in the 4th quarter worth approximately $156,000. Finally, Kelleher Financial Advisors lifted its position in Golub Capital BDC by 16.2% in the third quarter. Kelleher Financial Advisors now owns 11,786 shares of the investment management company's stock valued at $173,000 after purchasing an additional 1,640 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company's stock.

Golub Capital BDC Stock Up 0.8 %

GBDC traded up $0.13 on Thursday, hitting $16.43. The company had a trading volume of 591,650 shares, compared to its average volume of 863,125. The stock has a fifty day simple moving average of $16.54 and a 200-day simple moving average of $15.67. The company has a debt-to-equity ratio of 1.26, a current ratio of 6.29 and a quick ratio of 6.29. The firm has a market capitalization of $2.82 billion, a P/E ratio of 8.09 and a beta of 0.55. Golub Capital BDC, Inc. has a 52-week low of $12.92 and a 52-week high of $17.72.

Golub Capital BDC Cuts Dividend

The company also recently declared a Variable dividend, which will be paid on Friday, June 14th. Investors of record on Thursday, May 16th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, May 15th. Golub Capital BDC's dividend payout ratio is presently 76.85%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Bank of America raised shares of Golub Capital BDC from a "neutral" rating to a "buy" rating and set a $17.00 target price on the stock in a research note on Monday, March 25th. StockNews.com downgraded shares of Golub Capital BDC from a "buy" rating to a "hold" rating in a research note on Friday, March 29th. Wells Fargo & Company raised their target price on Golub Capital BDC from $15.00 to $15.50 and gave the stock an "equal weight" rating in a research note on Monday, January 29th. Finally, Raymond James lowered Golub Capital BDC from an "outperform" rating to a "market perform" rating in a research report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $16.40.

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.