Connor Clark & Lunn Investment Management Ltd. Makes New $3.04 Million Investment in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 200,681 shares of the investment management company's stock, valued at approximately $3,042,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.08% of Golub Capital BDC at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GBDC. Blue Trust Inc. grew its holdings in shares of Golub Capital BDC by 413.1% during the fourth 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. Parkside Financial Bank & Trust increased its stake in shares of Golub Capital BDC by 36.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock worth $47,000 after purchasing an additional 827 shares during the period. Cornerstone Wealth Management LLC bought a new position in shares of Golub Capital BDC during the fourth quarter worth approximately $160,000. Oppenheimer & Co. Inc. bought a new position in Golub Capital BDC during the 3rd quarter worth $162,000. Finally, Empowered Funds LLC bought a new position in Golub Capital BDC during the 4th quarter worth $173,000. 42.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on GBDC. Wells Fargo & Company lowered their price objective on Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating on the stock in a research note on Thursday, November 21st. StockNews.com upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $16.38.

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Golub Capital BDC Price Performance

Shares of NASDAQ GBDC traded up $0.03 during mid-day trading on Friday, hitting $15.12. 1,643,650 shares of the stock traded hands, compared to its average volume of 1,300,299. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94. Golub Capital BDC, Inc. has a twelve month low of $14.05 and a twelve month high of $17.72. The company has a market cap of $4.01 billion, a PE ratio of 10.96 and a beta of 0.50. The firm has a 50 day simple moving average of $15.39 and a two-hundred day simple moving average of $15.25.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced 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 return on equity of 11.18% and a net margin of 39.63%. As a group, equities research analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently announced 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. This represents a $1.56 dividend on an annualized basis and a yield of 10.32%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC's payout ratio is 113.04%.

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.