BBR Partners LLC Acquires Shares of 43,331 Golub Capital BDC, Inc. (NASDAQ:GBDC)

BBR Partners LLC purchased a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 43,331 shares of the investment management company's stock, valued at approximately $655,000.

Other large investors have also made changes to their positions in the company. Abundance Wealth Counselors raised its stake in Golub Capital BDC by 289.2% in the 2nd quarter. Abundance Wealth Counselors now owns 187,345 shares of the investment management company's stock valued at $2,943,000 after purchasing an additional 139,212 shares during the last quarter. TCW Group Inc. boosted its position in Golub Capital BDC by 63.0% during the second quarter. TCW Group Inc. now owns 430,702 shares of the investment management company's stock worth $6,766,000 after acquiring an additional 166,480 shares during the last quarter. Partners Group Holding AG raised its holdings in Golub Capital BDC by 48.2% in the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company's stock valued at $30,139,000 after acquiring an additional 648,855 shares during the last quarter. Cetera Advisors LLC purchased a new position in shares of Golub Capital BDC during the 1st quarter worth $995,000. Finally, Northeast Financial Consultants Inc boosted its holdings in shares of Golub Capital BDC by 151.8% during the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company's stock worth $33,057,000 after purchasing an additional 1,268,442 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company's stock.

Golub Capital BDC Stock Down 0.2 %

Golub Capital BDC stock traded down $0.03 during trading on Thursday, reaching $15.49. 1,034,255 shares of the company's stock were exchanged, compared to its average volume of 1,174,387. The company's 50-day moving average is $15.23 and its two-hundred day moving average is $15.39. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 10.99 and a beta of 0.54.

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 9th will be issued a dividend of $0.39 per share. The ex-dividend date is Monday, December 9th. This represents a $1.56 annualized dividend and a dividend yield of 10.07%. Golub Capital BDC's payout ratio is currently 110.64%.

Analyst Upgrades and Downgrades

GBDC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods decreased their price target on Golub Capital BDC from $17.50 to $16.50 and set an "outperform" rating on the stock in a research note on Wednesday, August 7th. Wells Fargo & Company cut their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating on the stock in a research note on Thursday, November 21st. Oppenheimer reissued an "outperform" rating and set a $17.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Finally, StockNews.com cut Golub Capital BDC from a "hold" rating to a "sell" rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $16.40.

Insider Buying and Selling

In other news, Chairman Lawrence E. Golub purchased 20,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of $14.91 per share, with a total value of $298,200.00. Following the acquisition, the chairman now owns 1,998,880 shares in the company, valued at approximately $29,803,300.80. This trade represents a 1.01 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.01% of the stock is currently owned by corporate insiders.

About Golub Capital BDC

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.