Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Purchased by Baillie Gifford & Co.

Baillie Gifford & Co. grew its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 66.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 418,858 shares of the investment management company's stock after acquiring an additional 167,219 shares during the period. Baillie Gifford & Co. owned about 0.16% of Golub Capital BDC worth $6,350,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Allworth Financial LP lifted its position in Golub Capital BDC by 135.6% in the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company's stock valued at $35,000 after purchasing an additional 1,347 shares during the period. Blue Trust Inc. raised its stake in shares of Golub Capital BDC by 413.1% during the 4th quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company's stock worth $36,000 after buying an additional 1,921 shares in the last quarter. Cary Street Partners Asset Management LLC acquired a new stake in shares of Golub Capital BDC in the 3rd quarter valued at approximately $151,000. Cornerstone Wealth Management LLC purchased a new stake in shares of Golub Capital BDC in the fourth quarter valued at approximately $160,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Golub Capital BDC during the third quarter worth $162,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Price Performance

GBDC stock traded down $0.07 during midday trading on Friday, hitting $15.84. 1,239,822 shares of the stock were exchanged, compared to its average volume of 1,384,781. The stock's 50-day moving average price is $15.39 and its 200-day moving average price is $15.19. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 11.47 and a beta of 0.54. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. Research analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The firm 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. This represents a $1.56 annualized dividend and a dividend yield of 9.85%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC's dividend payout ratio (DPR) is presently 113.04%.

Analyst Ratings Changes

A number of research firms have commented on GBDC. Wells Fargo & Company reduced their target price on Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating for the company in a report on Thursday, November 21st. StockNews.com cut shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $16.38.

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.