Partners Group Holding AG Sells 174,183 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Partners Group Holding AG decreased its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 8.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,820,480 shares of the investment management company’s stock after selling 174,183 shares during the quarter. Golub Capital BDC makes up 1.0% of Partners Group Holding AG’s portfolio, making the stock its 25th biggest position. Partners Group Holding AG’s holdings in Golub Capital BDC were worth $27,598,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in shares of Golub Capital BDC by 13.4% in the 4th quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company’s stock worth $68,555,000 after acquiring an additional 533,895 shares in the last quarter. Sound Income Strategies LLC grew its holdings in Golub Capital BDC by 6.0% in the fourth quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company’s stock worth $46,320,000 after purchasing an additional 172,519 shares during the period. Northeast Financial Consultants Inc increased its stake in shares of Golub Capital BDC by 25.9% during the third quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company’s stock valued at $40,016,000 after purchasing an additional 544,126 shares in the last quarter. Sage Mountain Advisors LLC lifted its holdings in shares of Golub Capital BDC by 38.8% during the fourth quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company’s stock valued at $38,043,000 after purchasing an additional 701,594 shares during the last quarter. Finally, Atria Investments Inc boosted its position in shares of Golub Capital BDC by 912.0% in the 4th quarter. Atria Investments Inc now owns 983,286 shares of the investment management company’s stock worth $14,907,000 after purchasing an additional 886,123 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Golub Capital BDC has a consensus rating of “Moderate Buy” and a consensus price target of $16.38.

Golub Capital BDC Price Performance

Shares of GBDC opened at $15.12 on Friday. The company has a market capitalization of $4.01 billion, a P/E ratio of 10.96 and a beta of 0.50. The firm has a 50 day moving average of $15.40 and a 200 day moving average of $15.25. Golub Capital BDC, Inc. has a twelve month low of $14.05 and a twelve month high of $17.72. 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 (NASDAQ:GBDC) last announced its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 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%. As a group, equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal 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. The ex-dividend date is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.32%. 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.