Summit Financial LLC Purchases Shares of 27,913 Golub Capital BDC, Inc. (NASDAQ:GBDC)

Summit Financial LLC acquired a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 27,913 shares of the investment management company's stock, valued at approximately $423,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GBDC. OneAscent Wealth Management LLC purchased a new stake in shares of Golub Capital BDC in the fourth quarter valued at about $6,395,000. Brown Brothers Harriman & Co. purchased a new position in Golub Capital BDC during the fourth quarter worth $556,000. Orion Portfolio Solutions LLC acquired a new position in shares of Golub Capital BDC in the fourth quarter worth $495,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Golub Capital BDC by 676.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 16,027 shares of the investment management company's stock valued at $243,000 after acquiring an additional 13,964 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Golub Capital BDC by 2.1% during the fourth quarter. JPMorgan Chase & Co. now owns 2,385,828 shares of the investment management company's stock valued at $36,169,000 after acquiring an additional 49,519 shares during the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

Golub Capital BDC Trading Up 2.7 %

Shares of NASDAQ:GBDC traded up $0.36 during midday trading on Tuesday, reaching $13.74. The company's stock had a trading volume of 890,733 shares, compared to its average volume of 1,346,538. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 9.95 and a beta of 0.33. The business has a 50 day moving average price of $15.29 and a 200 day moving average price of $15.26. Golub Capital BDC, Inc. has a 1 year low of $13.16 and a 1 year 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 - Get Free Report) last issued its quarterly earnings results 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%. Research analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were issued a $0.39 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 11.36%. Golub Capital BDC's payout ratio is 113.04%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $16.17.

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.