Brown Brothers Harriman & Co. Takes $556,000 Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Brown Brothers Harriman & Co. acquired a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 36,667 shares of the investment management company's stock, valued at approximately $556,000.

A number of other hedge funds have also recently added to or reduced their stakes in GBDC. Barclays PLC lifted its stake in 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 in the last quarter. Eagle Bay Advisors LLC increased its position in Golub Capital BDC by 82.1% during the 4th quarter. Eagle Bay Advisors LLC now owns 183,602 shares of the investment management company's stock worth $2,783,000 after purchasing an additional 82,787 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Golub Capital BDC by 30.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 115,058 shares of the investment management company's stock valued at $1,744,000 after acquiring an additional 26,764 shares during the period. Wealthspire Advisors LLC acquired a new position in shares of Golub Capital BDC during the fourth quarter worth about $296,000. Finally, Franklin Resources Inc. raised its stake in shares of Golub Capital BDC by 32.2% during the third quarter. Franklin Resources Inc. now owns 404,865 shares of the investment management company's stock valued at $6,134,000 after purchasing an additional 98,685 shares during the period. Institutional investors and hedge funds own 42.38% of the company's stock.

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Golub Capital BDC Stock Performance

Golub Capital BDC stock traded down $0.06 during trading hours on Wednesday, reaching $15.15. 682,541 shares of the company were exchanged, compared to its average volume of 1,313,943. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22. The stock has a 50-day moving average of $15.39 and a 200 day moving average of $15.28. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 10.98 and a beta of 0.50. Golub Capital BDC, Inc. has a 12 month low of $14.05 and a 12 month high of $17.72.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its 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 net margin of 39.63% and a return on equity of 11.18%. As a group, research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.30%. The ex-dividend date was Monday, March 3rd. Golub Capital BDC's dividend payout ratio is currently 113.04%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price 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.