Adams Asset Advisors LLC Raises Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Adams Asset Advisors LLC boosted its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 29.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,190 shares of the investment management company’s stock after purchasing an additional 18,172 shares during the period. Adams Asset Advisors LLC’s holdings in Golub Capital BDC were worth $1,216,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GBDC. Nicholas Hoffman & Company LLC. raised its holdings in shares of Golub Capital BDC by 1.8% during the third quarter. Nicholas Hoffman & Company LLC. now owns 38,531 shares of the investment management company’s stock valued at $582,000 after acquiring an additional 664 shares in the last quarter. Neville Rodie & Shaw Inc. lifted its position in shares of Golub Capital BDC by 1.3% in the 3rd quarter. Neville Rodie & Shaw Inc. now owns 54,557 shares of the investment management company’s stock worth $824,000 after purchasing an additional 715 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of Golub Capital BDC by 1.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 71,988 shares of the investment management company’s stock valued at $1,101,000 after purchasing an additional 769 shares in the last quarter. Moors & Cabot Inc. raised its stake in Golub Capital BDC by 2.3% in the third quarter. Moors & Cabot Inc. now owns 38,143 shares of the investment management company’s stock worth $576,000 after buying an additional 875 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Golub Capital BDC by 3.4% in the second quarter. The Manufacturers Life Insurance Company now owns 35,382 shares of the investment management company’s stock worth $556,000 after buying an additional 1,150 shares during the period. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Down 0.1 %

Shares of GBDC traded down $0.01 during trading hours on Monday, hitting $14.89. The company had a trading volume of 977,513 shares, compared to its average volume of 1,136,177. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 10.56 and a beta of 0.53. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72. The firm has a fifty day moving average price of $15.25 and a 200-day moving average price of $15.19.

Golub Capital BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 9th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.48%. The ex-dividend date of this dividend was Monday, December 9th. Golub Capital BDC’s payout ratio is 110.64%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. Wells Fargo & Company dropped their target price 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.