D.A. Davidson & CO. Raises Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

D.A. Davidson & CO. lifted its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 12.6% during the third quarter, Holdings Channel reports. The institutional investor owned 251,132 shares of the investment management company’s stock after buying an additional 28,031 shares during the quarter. D.A. Davidson & CO.’s holdings in Golub Capital BDC were worth $3,795,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp grew its position in Golub Capital BDC by 13.5% during the 3rd quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company’s stock worth $61,458,000 after purchasing an additional 475,196 shares during the last quarter. Sound Income Strategies LLC grew its position in Golub Capital BDC by 5.0% during the 3rd quarter. Sound Income Strategies LLC now owns 2,882,861 shares of the investment management company’s stock worth $43,560,000 after purchasing an additional 137,813 shares during the last quarter. Allen Investment Management LLC grew its position in Golub Capital BDC by 6.9% during the 2nd quarter. Allen Investment Management LLC now owns 2,246,793 shares of the investment management company’s stock worth $35,297,000 after purchasing an additional 145,761 shares during the last quarter. Northeast Financial Consultants Inc grew its position in Golub Capital BDC by 151.8% during the 2nd quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock worth $33,057,000 after purchasing an additional 1,268,442 shares during the last quarter. Finally, Arnhold LLC grew its position in Golub Capital BDC by 0.8% during the 2nd quarter. Arnhold LLC now owns 1,319,200 shares of the investment management company’s stock worth $20,725,000 after purchasing an additional 11,000 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Performance

GBDC opened at $15.49 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 4.73. The firm has a fifty day moving average price of $15.23 and a 200 day moving average price of $15.39. Golub Capital BDC, Inc. has a 1 year low of $14.05 and a 1 year high of $17.72. The stock has a market cap of $2.66 billion, a P/E ratio of 10.99 and a beta of 0.54.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.07%. The ex-dividend date of this dividend is Monday, December 9th. Golub Capital BDC’s dividend payout ratio is presently 110.64%.

Analyst Ratings Changes

Several research firms have recently commented on GBDC. Wells Fargo & Company dropped their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, November 21st. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday. Oppenheimer reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Golub Capital BDC in a report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Golub Capital BDC from $17.50 to $16.50 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Golub Capital BDC has a consensus rating of “Moderate Buy” and an average price target of $16.40.

Insiders Place Their Bets

In related news, Chairman Lawrence E. Golub acquired 20,000 shares of Golub Capital BDC stock in a transaction on Thursday, September 5th. The stock was bought at an average cost of $14.91 per share, for a total transaction of $298,200.00. Following the completion of the transaction, the chairman now owns 1,998,880 shares of the company’s stock, valued at approximately $29,803,300.80. The trade was a 1.01 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.01% of the stock is currently owned by company insiders.

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.