Raymond James Financial Services Advisors Inc. Raises Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Raymond James Financial Services Advisors Inc. increased its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 11.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,629 shares of the investment management company’s stock after purchasing an additional 2,083 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Golub Capital BDC were worth $296,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GBDC. Allen Investment Management LLC boosted its holdings in Golub Capital BDC by 114.5% in the third quarter. Allen Investment Management LLC now owns 1,371,018 shares of the investment management company’s stock worth $20,113,000 after purchasing an additional 731,959 shares during the last quarter. Pathstone Family Office LLC purchased a new position in shares of Golub Capital BDC during the 3rd quarter worth $3,674,000. EP Wealth Advisors LLC boosted its stake in shares of Golub Capital BDC by 2,075.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 184,878 shares of the investment management company’s stock worth $2,712,000 after acquiring an additional 176,380 shares during the last quarter. Tudor Investment Corp Et Al boosted its stake in shares of Golub Capital BDC by 1,131.3% during the 3rd quarter. Tudor Investment Corp Et Al now owns 169,298 shares of the investment management company’s stock worth $2,484,000 after acquiring an additional 155,549 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Golub Capital BDC by 5.3% during the 3rd quarter. Van ECK Associates Corp now owns 2,275,245 shares of the investment management company’s stock worth $33,378,000 after acquiring an additional 113,617 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Up 1.8 %

Shares of GBDC stock opened at $17.11 on Tuesday. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 9.40 and a beta of 0.57. Golub Capital BDC, Inc. has a one year low of $12.77 and a one year high of $17.16. The company’s fifty day moving average price is $16.13 and its 200-day moving average price is $15.37. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.15 and a quick ratio of 3.15.

Golub Capital BDC (NASDAQ:GBDC) last announced its quarterly earnings results on Monday, February 5th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The company had revenue of $164.77 million during the quarter, compared to the consensus estimate of $160.93 million. Golub Capital BDC had a net margin of 48.94% and a return on equity of 12.53%. Sell-side analysts expect that Golub Capital BDC, Inc. will post 1.95 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The business also recently declared a Variable dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 15th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. Golub Capital BDC’s dividend payout ratio is currently 85.71%.

Analyst Ratings Changes

Several research analysts have recently weighed in on GBDC shares. StockNews.com cut shares of Golub Capital BDC from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Bank of America upgraded shares of Golub Capital BDC from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Monday, March 25th. Raymond James lifted their price target on shares of Golub Capital BDC from $16.00 to $16.50 and gave the stock an “outperform” rating in a research note on Tuesday, January 23rd. Finally, Wells Fargo & Company raised their price objective on shares of Golub Capital BDC from $15.00 to $15.50 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and an average price target of $16.40.

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.