Abundance Wealth Counselors Has $844,000 Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Abundance Wealth Counselors decreased its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 68.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 55,685 shares of the investment management company's stock after selling 122,813 shares during the period. Abundance Wealth Counselors' holdings in Golub Capital BDC were worth $844,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GBDC. Partners Group Holding AG grew its holdings in shares of 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 buying an additional 648,855 shares during the period. Barclays PLC grew its holdings in shares of Golub Capital BDC by 45.5% in the 3rd quarter. Barclays PLC now owns 190,132 shares of the investment management company's stock valued at $2,873,000 after buying an additional 59,443 shares during the period. Eagle Bay Advisors LLC grew its holdings in shares of Golub Capital BDC by 82.1% in the 4th quarter. Eagle Bay Advisors LLC now owns 183,602 shares of the investment management company's stock valued at $2,783,000 after buying an additional 82,787 shares during the period. BBR Partners LLC acquired a new position in shares of Golub Capital BDC in the 3rd quarter valued at $655,000. Finally, Franklin Resources Inc. grew its holdings in shares of Golub Capital BDC by 32.2% in the 3rd quarter. Franklin Resources Inc. now owns 404,865 shares of the investment management company's stock valued at $6,134,000 after buying an additional 98,685 shares during the period. Institutional investors own 42.38% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GBDC. Wells Fargo & Company reduced their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating for the company in a research note on Thursday, November 21st. StockNews.com raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Friday, November 29th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $16.38.

Golub Capital BDC Stock Down 2.4 %

NASDAQ:GBDC traded down $0.38 on Wednesday, hitting $15.30. 3,073,115 shares of the company's stock were exchanged, compared to its average volume of 1,359,190. The firm has a 50-day moving average price of $15.30 and a 200-day moving average price of $15.16. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick 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 company has a market cap of $4.04 billion, a P/E ratio of 10.84 and a beta of 0.54.

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 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.86% and a net margin of 37.78%. As a group, analysts expect that Golub Capital BDC, Inc. will post 1.69 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a $0.39 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.56 annualized dividend and a yield of 10.20%. Golub Capital BDC's dividend payout ratio is currently 110.64%.

Golub Capital BDC 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.