Orion Portfolio Solutions LLC Takes Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Orion Portfolio Solutions LLC purchased a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 32,661 shares of the investment management company's stock, valued at approximately $495,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of Golub Capital BDC by 413.1% during the fourth quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company's stock worth $36,000 after purchasing an additional 1,921 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Golub Capital BDC by 36.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock worth $47,000 after buying an additional 827 shares during the period. Cornerstone Wealth Management LLC bought a new stake in Golub Capital BDC during the 4th quarter worth approximately $160,000. Empowered Funds LLC acquired a new position in Golub Capital BDC in the 4th quarter valued at approximately $173,000. Finally, Avantax Advisory Services Inc. bought a new position in shares of Golub Capital BDC during the fourth quarter valued at $179,000. Institutional investors own 42.38% of the company's stock.

Golub Capital BDC Trading Up 0.3 %

GBDC stock traded up $0.04 during mid-day trading on Friday, reaching $13.68. The company's stock had a trading volume of 2,626,725 shares, compared to its average volume of 1,387,532. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 9.91 and a beta of 0.33. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $17.72. The business's 50 day moving average price is $15.05 and its 200 day moving average price is $15.20. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its quarterly earnings data 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%. On average, equities research analysts predict that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.56 annualized dividend and a dividend yield of 11.40%. Golub Capital BDC's dividend payout ratio is 113.04%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods reduced their price target on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating on the stock in a research report on Tuesday. StockNews.com cut shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $15.83.

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.