Mandatum Life Insurance Co Ltd Increases Stock Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Mandatum Life Insurance Co Ltd increased its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,816 shares of the investment management company’s stock after buying an additional 1,997 shares during the quarter. Mandatum Life Insurance Co Ltd’s holdings in Golub Capital BDC were worth $619,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. HB Wealth Management LLC boosted its position in shares of Golub Capital BDC by 7.5% in the fourth quarter. HB Wealth Management LLC now owns 253,913 shares of the investment management company’s stock worth $3,849,000 after acquiring an additional 17,764 shares during the last quarter. Shikiar Asset Management Inc. boosted its holdings in shares of Golub Capital BDC by 1.5% in the 4th quarter. Shikiar Asset Management Inc. now owns 455,730 shares of the investment management company’s stock valued at $6,909,000 after purchasing an additional 6,650 shares during the last quarter. RDA Financial Network grew its stake in shares of Golub Capital BDC by 9.4% during the 4th quarter. RDA Financial Network now owns 34,312 shares of the investment management company’s stock valued at $520,000 after buying an additional 2,944 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Golub Capital BDC by 4.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 245,619 shares of the investment management company’s stock worth $3,724,000 after buying an additional 9,509 shares during the last quarter. Finally, Accurate Wealth Management LLC purchased a new position in shares of Golub Capital BDC in the 4th quarter worth $491,000. 42.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have 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 for the company in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.40.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $15.40 on Monday. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 4.73. Golub Capital BDC, Inc. has a 1-year low of $14.05 and a 1-year high of $17.72. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 10.92 and a beta of 0.53. The business has a 50-day moving average of $15.25 and a 200-day moving average of $15.17.

Golub Capital BDC Announces Dividend

The business also recently declared 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 yield of 10.13%. The ex-dividend date was Monday, December 9th. Golub Capital BDC’s dividend payout ratio is presently 110.64%.

Golub Capital BDC Company 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.