TrueMark Investments LLC Increases Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

TrueMark Investments LLC boosted its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 198.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 183,394 shares of the investment management company’s stock after buying an additional 121,945 shares during the period. TrueMark Investments LLC owned 0.07% of Golub Capital BDC worth $2,780,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GBDC. Blue Trust Inc. increased its stake 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 worth $36,000 after acquiring an additional 1,921 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Golub Capital BDC by 36.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 827 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new position in shares of Golub Capital BDC during the fourth quarter valued at approximately $160,000. Empowered Funds LLC bought a new stake in shares of Golub Capital BDC in the 4th quarter worth approximately $173,000. Finally, Avantax Advisory Services Inc. purchased a new stake in shares of Golub Capital BDC in the 4th quarter worth approximately $179,000. 42.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $16.17.

Golub Capital BDC Stock Performance

GBDC stock opened at $15.32 on Wednesday. The stock’s 50 day simple moving average is $15.40 and its 200 day simple moving average is $15.26. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22. Golub Capital BDC, Inc. has a 12-month low of $14.05 and a 12-month high of $17.72. The stock has a market capitalization of $4.07 billion, a PE ratio of 11.10 and a beta of 0.50.

Golub Capital BDC (NASDAQ:GBDC) last announced 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%. As a group, research analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 10.18%. Golub Capital BDC’s dividend payout ratio is presently 113.04%.

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.