Raymond James Financial Inc. Buys New Shares in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Raymond James Financial Inc. bought a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 294,838 shares of the investment management company's stock, valued at approximately $4,470,000. Raymond James Financial Inc. owned 0.11% of Golub Capital BDC as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Van ECK Associates Corp grew its stake in Golub Capital BDC by 13.4% during the fourth quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company's stock worth $68,555,000 after buying an additional 533,895 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Golub Capital BDC by 6.0% in the 4th quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company's stock valued at $46,320,000 after purchasing an additional 172,519 shares in the last quarter. Sage Mountain Advisors LLC increased its stake in shares of Golub Capital BDC by 38.8% in the 4th quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company's stock valued at $38,043,000 after purchasing an additional 701,594 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Golub Capital BDC by 2.1% during the 4th quarter. JPMorgan Chase & Co. now owns 2,385,828 shares of the investment management company's stock worth $36,169,000 after buying an additional 49,519 shares in the last quarter. Finally, Atria Investments Inc lifted its position in shares of Golub Capital BDC by 912.0% during the 4th quarter. Atria Investments Inc now owns 983,286 shares of the investment management company's stock worth $14,907,000 after buying an additional 886,123 shares during the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GBDC. 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. Wells Fargo & Company cut their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday. Finally, StockNews.com downgraded 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 issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $15.50.

Golub Capital BDC Trading Down 0.3 %

NASDAQ GBDC traded down $0.05 during trading hours on Thursday, reaching $14.28. The company's stock had a trading volume of 266,122 shares, compared to its average volume of 1,577,744. The firm has a fifty day simple moving average of $14.63 and a 200-day simple moving average of $15.12. 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, Inc. has a 52 week low of $12.68 and a 52 week high of $17.12. The stock has a market cap of $3.79 billion, a P/E ratio of 10.35 and a beta of 0.33.

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 earnings per share (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%. Equities analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal 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 dividend on an annualized basis and a dividend 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

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.