Hilton Capital Management LLC Makes New Investment in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Hilton Capital Management LLC bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the fourth quarter, Holdings Channel.com reports. The fund bought 368,365 shares of the investment management company’s stock, valued at approximately $5,584,000.

A number of other hedge funds have also modified their holdings of the business. Sanctuary Advisors LLC grew its holdings in shares of Golub Capital BDC by 1.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 71,988 shares of the investment management company’s stock worth $1,101,000 after purchasing an additional 769 shares during the period. Parkside Financial Bank & Trust lifted its position in Golub Capital BDC by 36.1% in the fourth 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 during the last quarter. Moors & Cabot Inc. boosted its stake in Golub Capital BDC by 2.3% during the third quarter. Moors & Cabot Inc. now owns 38,143 shares of the investment management company’s stock worth $576,000 after buying an additional 875 shares during the period. Mattern Wealth Management LLC increased its position in shares of Golub Capital BDC by 7.7% during the fourth quarter. Mattern Wealth Management LLC now owns 14,000 shares of the investment management company’s stock valued at $212,000 after acquiring an additional 1,000 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its stake in shares of Golub Capital BDC by 0.9% in the 3rd quarter. EP Wealth Advisors LLC now owns 186,618 shares of the investment management company’s stock valued at $2,820,000 after acquiring an additional 1,617 shares during the period. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Stock Performance

Shares of GBDC stock opened at $14.46 on Friday. The stock has a market capitalization of $3.84 billion, a PE ratio of 10.48 and a beta of 0.50. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. Golub Capital BDC, Inc. has a 52 week low of $14.05 and a 52 week high of $17.72. The firm has a 50 day moving average of $15.42 and a two-hundred day moving average of $15.26.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. On average, research analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 10.79%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC’s payout ratio is currently 113.04%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on GBDC shares. Wells Fargo & Company lowered their price objective 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. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Golub Capital BDC has a consensus rating of “Moderate Buy” 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.