Bank of Montreal Can Acquires Shares of 233,030 Golub Capital BDC, Inc. (NASDAQ:GBDC)

Bank of Montreal Can acquired a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 233,030 shares of the investment management company's stock, valued at approximately $3,486,000. Bank of Montreal Can owned about 0.14% of Golub Capital BDC as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GBDC. Nicholas Hoffman & Company LLC. grew its stake in Golub Capital BDC by 1.8% during the third quarter. Nicholas Hoffman & Company LLC. now owns 38,531 shares of the investment management company's stock valued at $582,000 after acquiring an additional 664 shares in the last quarter. Neville Rodie & Shaw Inc. boosted its stake in Golub Capital BDC by 1.3% during the third quarter. Neville Rodie & Shaw Inc. now owns 54,557 shares of the investment management company's stock valued at $824,000 after buying an additional 715 shares during the period. Moors & Cabot Inc. grew its position in Golub Capital BDC by 2.3% during the third quarter. Moors & Cabot Inc. now owns 38,143 shares of the investment management company's stock worth $576,000 after buying an additional 875 shares in the last quarter. Wedbush Securities Inc. increased its stake in Golub Capital BDC by 2.8% in the 2nd quarter. Wedbush Securities Inc. now owns 37,031 shares of the investment management company's stock worth $582,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC raised its holdings in shares of Golub Capital BDC by 2.6% in the 2nd quarter. Onyx Bridge Wealth Group LLC now owns 44,944 shares of the investment management company's stock valued at $706,000 after acquiring an additional 1,123 shares in the last quarter. Institutional investors own 42.38% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GBDC. StockNews.com upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Friday, November 29th. Keefe, Bruyette & Woods dropped their price objective on shares of Golub Capital BDC from $17.50 to $16.50 and set an "outperform" rating for the company in a report on Wednesday, August 7th. Wells Fargo & Company lowered their price objective on shares of 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. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $17.00 price objective on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $16.40.

Golub Capital BDC Trading Down 0.4 %

Golub Capital BDC stock traded down $0.06 during trading hours on Thursday, reaching $15.57. The stock had a trading volume of 1,008,880 shares, compared to its average volume of 1,171,483. The company has a fifty day simple moving average of $15.30 and a 200-day simple moving average of $15.36. Golub Capital BDC, Inc. has a 52 week low of $14.05 and a 52 week high of $17.72. The stock has a market cap of $4.11 billion, a PE ratio of 11.09 and a beta of 0.54. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 9th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 10.02%. The ex-dividend date of this dividend is Monday, December 9th. Golub Capital BDC's payout ratio is 110.64%.

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.