Raymond James Financial Inc. Invests $4.47 Million in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Raymond James Financial Inc. acquired a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 294,838 shares of the investment management company's stock, valued at approximately $4,470,000. Raymond James Financial Inc. owned 0.11% of Golub Capital BDC at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GBDC. Citigroup Inc. increased its holdings in Golub Capital BDC by 1.7% in the 3rd quarter. Citigroup Inc. now owns 342,728 shares of the investment management company's stock valued at $5,179,000 after buying an additional 5,612 shares during the period. Bank of Montreal Can bought a new stake in shares of Golub Capital BDC during the third quarter worth $3,486,000. The Manufacturers Life Insurance Company grew its holdings in shares of Golub Capital BDC by 70.0% during the third quarter. The Manufacturers Life Insurance Company now owns 60,162 shares of the investment management company's stock worth $909,000 after purchasing an additional 24,780 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Golub Capital BDC by 12.6% in the third quarter. D.A. Davidson & CO. now owns 251,132 shares of the investment management company's stock valued at $3,795,000 after buying an additional 28,031 shares in the last quarter. Finally, Partners Group Holding AG raised its holdings in shares of Golub Capital BDC by 48.2% in the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company's stock valued at $30,139,000 after buying an additional 648,855 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Golub Capital BDC has a consensus rating of "Hold" and a consensus target price of $16.17.

Golub Capital BDC Stock Down 0.8 %

Shares of GBDC stock traded down $0.12 during trading on Friday, reaching $15.25. The company's stock had a trading volume of 1,653,712 shares, compared to its average volume of 1,316,687. Golub Capital BDC, Inc. has a one year low of $14.05 and a one year high of $17.72. The business has a fifty day moving average price of $15.40 and a 200-day moving average price of $15.27. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 11.05 and a beta of 0.50. 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 the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. Analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were paid a $0.39 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 10.23%. Golub Capital BDC's dividend payout ratio 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.