Bank of New York Mellon Corp Raises Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Bank of New York Mellon Corp lifted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 64.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 114,670 shares of the investment management company's stock after buying an additional 44,815 shares during the quarter. Bank of New York Mellon Corp's holdings in Golub Capital BDC were worth $1,738,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp grew its holdings in Golub Capital BDC by 13.4% during the 4th quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company's stock worth $68,555,000 after acquiring an additional 533,895 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of Golub Capital BDC by 6.0% during the 4th quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company's stock worth $46,320,000 after purchasing an additional 172,519 shares during the last quarter. Northeast Financial Consultants Inc lifted its position in shares of Golub Capital BDC by 25.9% during the 3rd quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company's stock worth $40,016,000 after purchasing an additional 544,126 shares during the last quarter. Partners Group Holding AG grew its stake in shares of Golub Capital BDC by 48.2% during the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company's stock worth $30,139,000 after purchasing an additional 648,855 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Golub Capital BDC by 10.1% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 710,354 shares of the investment management company's stock valued at $10,769,000 after buying an additional 65,167 shares during the last quarter. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Golub Capital BDC Stock Performance

NASDAQ:GBDC remained flat at $15.32 during midday trading on Wednesday. 1,230,205 shares of the company traded hands, compared to its average volume of 1,307,022. Golub Capital BDC, Inc. has a 12-month low of $14.05 and a 12-month high of $17.72. The firm has a market capitalization of $4.07 billion, a P/E ratio of 11.10 and a beta of 0.50. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The stock has a fifty day moving average of $15.40 and a two-hundred day moving average of $15.26.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. As a group, equities research analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS 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. Investors of record on Monday, March 3rd will be given a $0.39 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.56 annualized dividend and a yield of 10.18%. Golub Capital BDC's dividend payout ratio (DPR) is 113.04%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $16.17.

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.