Wealthspire Advisors LLC Makes New Investment in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Wealthspire Advisors LLC purchased a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 19,512 shares of the investment management company's stock, valued at approximately $296,000.

Other hedge funds have also made changes to their positions in the company. Nicholas Hoffman & Company LLC. lifted its position in shares of Golub Capital BDC by 1.8% in the third quarter. Nicholas Hoffman & Company LLC. now owns 38,531 shares of the investment management company's stock worth $582,000 after purchasing an additional 664 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Golub Capital BDC by 1.1% in the third quarter. Sanctuary Advisors LLC now owns 71,988 shares of the investment management company's stock valued at $1,101,000 after buying an additional 769 shares during the period. Moors & Cabot Inc. increased its position in shares of Golub Capital BDC by 2.3% during the third quarter. Moors & Cabot Inc. now owns 38,143 shares of the investment management company's stock valued at $576,000 after purchasing an additional 875 shares during the period. Mattern Wealth Management LLC raised its stake in shares of Golub Capital BDC by 7.7% in the 4th quarter. Mattern Wealth Management LLC now owns 14,000 shares of the investment management company's stock valued at $212,000 after buying an additional 1,000 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings 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 purchasing an additional 1,347 shares in the last quarter. Institutional investors own 42.38% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GBDC. StockNews.com cut Golub Capital BDC from a "hold" rating to a "sell" rating in a report on Thursday, February 13th. Wells Fargo & Company reduced their price target on Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating on the stock in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Golub Capital BDC currently has an average rating of "Hold" and an average price target of $16.38.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC traded down $0.08 during mid-day trading on Monday, reaching $15.21. The company had a trading volume of 1,550,337 shares, compared to its average volume of 1,410,641. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 11.02 and a beta of 0.54. The business's 50-day simple moving average is $15.47 and its 200 day simple moving average is $15.26. Golub Capital BDC, Inc. has a one year low of $14.05 and a one year high of $17.72.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its quarterly earnings results 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, research analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 10.26%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC's dividend payout ratio (DPR) is 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.