Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. raised its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 4.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 261,778 shares of the investment management company’s stock after purchasing an additional 10,646 shares during the quarter. D.A. Davidson & CO.’s holdings in Golub Capital BDC were worth $3,969,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP raised its stake in Golub Capital BDC by 135.6% during the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock valued at $35,000 after buying an additional 1,347 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of 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 purchasing an additional 1,921 shares during the last quarter. Cary Street Partners Asset Management LLC bought a new position in shares of Golub Capital BDC during the third quarter valued at approximately $151,000. Cornerstone Wealth Management LLC bought a new position in shares of Golub Capital BDC during the fourth quarter valued at approximately $160,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Golub Capital BDC during the third quarter valued at approximately $162,000. Institutional investors and hedge funds own 42.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on GBDC shares. Wells Fargo & Company lowered their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 21st. StockNews.com lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. One 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.38.

Golub Capital BDC Stock Performance

Shares of GBDC stock opened at $15.90 on Friday. Golub Capital BDC, Inc. has a 12-month low of $14.05 and a 12-month high of $17.72. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 11.52 and a beta of 0.54. The business has a 50 day simple moving average of $15.39 and a 200 day simple moving average of $15.19. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94.

Golub Capital BDC (NASDAQ:GBDC) last issued its quarterly earnings data 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 return on equity of 11.18% and a net margin of 39.63%. On average, equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 9.81%. The ex-dividend date of this dividend is Monday, March 3rd. Golub Capital BDC’s 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.