Parkside Financial Bank & Trust Increases Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Parkside Financial Bank & Trust boosted its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 36.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,116 shares of the investment management company’s stock after buying an additional 827 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Golub Capital BDC were worth $47,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its stake in shares of Golub Capital BDC by 13.4% in the fourth quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock valued at $68,555,000 after acquiring an additional 533,895 shares in the last quarter. Sound Income Strategies LLC increased its holdings in Golub Capital BDC by 6.0% during the 4th quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company’s stock worth $46,320,000 after purchasing an additional 172,519 shares during the period. Northeast Financial Consultants Inc raised its position in Golub Capital BDC by 25.9% in the 3rd quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock valued at $40,016,000 after purchasing an additional 544,126 shares in the last quarter. Partners Group Holding AG boosted its stake in shares of Golub Capital BDC by 48.2% in the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock valued at $30,139,000 after buying an additional 648,855 shares during the period. Finally, Muzinich & Co. Inc. grew its position in shares of Golub Capital BDC by 10.9% during the fourth quarter. Muzinich & Co. Inc. now owns 728,365 shares of the investment management company’s stock worth $11,042,000 after buying an additional 71,724 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

GBDC stock opened at $15.20 on Tuesday. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 11.01 and a beta of 0.54. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The business has a 50 day moving average price of $15.47 and a 200 day moving average price of $15.26.

Golub Capital BDC (NASDAQ:GBDC) last issued 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 return on equity of 11.18% and a net margin of 39.63%. Equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a $0.39 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.56 annualized dividend and a yield of 10.26%. Golub Capital BDC’s dividend payout ratio is presently 113.04%.

Analysts Set New Price Targets

GBDC has been the topic of several analyst reports. Wells Fargo & Company reduced 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. StockNews.com cut shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.38.

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.