Rockefeller Capital Management L.P. Has $43.26 Million Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Rockefeller Capital Management L.P. reduced its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,853,451 shares of the investment management company's stock after selling 219,772 shares during the quarter. Rockefeller Capital Management L.P. owned about 1.07% of Golub Capital BDC worth $43,258,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. increased its stake 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. Parkside Financial Bank & Trust lifted its holdings in Golub Capital BDC by 36.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock valued at $47,000 after buying an additional 827 shares during the period. Hurley Capital LLC acquired a new stake in Golub Capital BDC during the 4th quarter worth $50,000. Cornerstone Wealth Management LLC acquired a new position in shares of Golub Capital BDC in the 4th quarter valued at $160,000. Finally, Empowered Funds LLC bought a new position in shares of Golub Capital BDC in the 4th quarter worth $173,000. Institutional investors and hedge funds own 42.38% of the company's stock.

Wall Street Analysts Forecast Growth

GBDC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price objective on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a report on Tuesday, April 8th. StockNews.com downgraded shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $15.83.

Golub Capital BDC Stock Up 2.6 %

Shares of GBDC traded up $0.36 on Friday, hitting $14.13. The company's stock had a trading volume of 1,258,379 shares, compared to its average volume of 1,405,961. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 10.24 and a beta of 0.33. The firm's fifty day moving average price is $14.92 and its 200-day moving average price is $15.17. Golub Capital BDC, Inc. has a fifty-two week low of $12.68 and a fifty-two week high of $17.72.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings data 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 return on equity of 11.18% and a net margin of 39.63%. On average, equities research analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.56 annualized dividend and a dividend yield of 11.04%. 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.