Border to Coast Pensions Partnership Ltd Has $15.15 Million Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Border to Coast Pensions Partnership Ltd lowered its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 16.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,000,000 shares of the investment management company’s stock after selling 200,000 shares during the period. Border to Coast Pensions Partnership Ltd owned about 0.38% of Golub Capital BDC worth $15,150,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Hexagon Capital Partners LLC raised its stake in shares of Golub Capital BDC by 171.5% during the third 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 increased its holdings in Golub Capital BDC by 135.6% in the third 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 period. Quarry LP acquired a new stake in Golub Capital BDC in the second quarter valued at $61,000. Brown Brothers Harriman & Co. bought a new position in Golub Capital BDC during the 2nd quarter worth $71,000. Finally, Cary Street Partners Asset Management LLC acquired a new position in Golub Capital BDC during the 3rd quarter worth about $151,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Golub Capital BDC Trading Up 0.5 %

NASDAQ:GBDC opened at $15.33 on Friday. Golub Capital BDC, Inc. has a 12 month low of $14.05 and a 12 month high of $17.72. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 10.87 and a beta of 0.53. The firm has a fifty day simple moving average of $15.25 and a two-hundred day simple moving average of $15.18.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 9th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 10.18%. The ex-dividend date of this dividend was Monday, December 9th. Golub Capital BDC’s payout ratio is 110.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. 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. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Golub Capital BDC currently has an average rating of “Moderate Buy” and an average target price of $16.40.

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.