Granite FO LLC Has $8.10 Million Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Granite FO LLC reduced its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 9.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 534,030 shares of the investment management company’s stock after selling 56,775 shares during the period. Golub Capital BDC makes up about 4.6% of Granite FO LLC’s holdings, making the stock its 6th largest holding. Granite FO LLC’s holdings in Golub Capital BDC were worth $8,096,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in GBDC. Atria Investments Inc grew its stake in Golub Capital BDC by 912.0% during the 4th quarter. Atria Investments Inc now owns 983,286 shares of the investment management company’s stock worth $14,907,000 after buying an additional 886,123 shares during the last quarter. Partners Group Holding AG grew its stake in Golub Capital BDC by 48.2% during the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock worth $30,139,000 after buying an additional 648,855 shares during the last quarter. LGT Capital Partners LTD. bought a new position in Golub Capital BDC during the 3rd quarter worth $8,721,000. Northeast Financial Consultants Inc boosted its position in Golub Capital BDC by 25.9% during the 3rd quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock worth $40,016,000 after acquiring an additional 544,126 shares during the period. Finally, Van ECK Associates Corp grew 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 worth $68,555,000 after purchasing an additional 533,895 shares in the last quarter. 42.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Thursday, February 13th. Wells Fargo & Company decreased their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Golub Capital BDC presently has an average rating of “Hold” and a consensus price target of $16.38.

Golub Capital BDC Trading Down 0.1 %

NASDAQ:GBDC opened at $15.06 on Thursday. Golub Capital BDC, Inc. has a 1 year low of $14.05 and a 1 year high of $17.72. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 10.91 and a beta of 0.54. The business has a fifty 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 quick ratio of 2.94 and a current ratio of 2.94.

Golub Capital BDC (NASDAQ:GBDC) last announced its earnings results 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%. Equities analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.56 annualized dividend and a yield of 10.36%. Golub Capital BDC’s dividend payout ratio is currently 113.04%.

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.