Haven Private LLC Acquires New Shares in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Haven Private LLC acquired a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 32,313 shares of the investment management company’s stock, valued at approximately $490,000.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. increased its position 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 in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Golub Capital BDC by 36.1% in the 4th 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 in the last quarter. Cornerstone Wealth Management LLC bought a new stake in shares of Golub Capital BDC in the 4th quarter valued at $160,000. Oppenheimer & Co. Inc. bought a new stake in shares of Golub Capital BDC in the 3rd quarter valued at $162,000. Finally, Empowered Funds LLC bought a new stake in shares of Golub Capital BDC in the 4th quarter valued at $173,000. Institutional investors own 42.38% of the company’s stock.

Analyst Ratings Changes

GBDC has been the subject of a number of research reports. Wells Fargo & Company lowered their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 21st. StockNews.com cut Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $16.38.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $14.81 on Friday. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 10.73 and a beta of 0.54. The business has a 50-day moving average of $15.47 and a 200-day moving average of $15.26. 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 fifty-two week low of $14.05 and a fifty-two week high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 earnings per share 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%. As a group, sell-side analysts predict 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 will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 10.53%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC’s payout ratio is 113.04%.

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.