Brown Brothers Harriman & Co. Invests $556,000 in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Brown Brothers Harriman & Co. acquired a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 36,667 shares of the investment management company’s stock, valued at approximately $556,000.

A number of other large investors have also recently bought and sold shares of the business. Blue Trust Inc. raised its holdings in Golub Capital BDC by 413.1% during the fourth quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company’s stock valued at $36,000 after buying an additional 1,921 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Golub Capital BDC by 36.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock valued at $47,000 after acquiring an additional 827 shares during the last quarter. Cornerstone Wealth Management LLC bought a new position in shares of Golub Capital BDC in the 4th quarter valued at approximately $160,000. Empowered Funds LLC acquired a new stake in Golub Capital BDC in the 4th quarter worth approximately $173,000. Finally, Avantax Advisory Services Inc. bought a new stake in Golub Capital BDC during the fourth quarter worth approximately $179,000. 42.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $16.17.

Golub Capital BDC Stock Performance

GBDC opened at $15.25 on Monday. 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 stock’s 50 day moving average price is $15.40 and its two-hundred day moving average price is $15.27. The firm has a market capitalization of $4.05 billion, a P/E ratio of 11.05 and a beta of 0.50. Golub Capital BDC, Inc. has a 12-month low of $14.05 and a 12-month high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 earnings per share (EPS) 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%. On average, equities analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.23%. The ex-dividend date was Monday, March 3rd. Golub Capital BDC’s dividend payout ratio is currently 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.