Tidal Investments LLC Increases Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Tidal Investments LLC boosted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 4.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 76,160 shares of the investment management company’s stock after buying an additional 2,991 shares during the period. Tidal Investments LLC’s holdings in Golub Capital BDC were worth $1,151,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Hexagon Capital Partners LLC boosted its position in shares of Golub Capital BDC by 171.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company’s stock valued at $32,000 after acquiring an additional 1,355 shares during the last quarter. Allworth Financial LP boosted its holdings in Golub Capital BDC by 135.6% in the 3rd quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock valued at $35,000 after purchasing an additional 1,347 shares during the last quarter. Quarry LP acquired a new position in Golub Capital BDC in the 2nd quarter valued at about $61,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Golub Capital BDC in the 2nd quarter valued at approximately $71,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Golub Capital BDC during the 2nd quarter worth approximately $121,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GBDC has been the subject of several analyst reports. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. Wells Fargo & Company decreased their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.40.

Golub Capital BDC Stock Up 1.4 %

NASDAQ:GBDC opened at $14.89 on Friday. Golub Capital BDC, Inc. has a 52 week low of $14.05 and a 52 week high of $17.72. The stock’s fifty day moving average is $15.31 and its two-hundred day moving average is $15.28. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 10.56 and a beta of 0.54. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15.

Golub Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 9th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 10.48%. The ex-dividend date is Monday, December 9th. Golub Capital BDC’s payout ratio is 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.