Entropy Technologies LP Makes New Investment in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Entropy Technologies LP purchased a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,193 shares of the investment management company's stock, valued at approximately $382,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GBDC. Partners Group Holding AG boosted its stake in Golub Capital BDC by 48.2% in the 3rd 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 during the period. LGT Capital Partners LTD. bought a new position in Golub Capital BDC in the 3rd quarter worth approximately $8,721,000. Northeast Financial Consultants Inc boosted its stake in Golub Capital BDC by 25.9% in 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 period. Van ECK Associates Corp boosted its stake in Golub Capital BDC by 13.5% in the 3rd quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company's stock worth $61,458,000 after purchasing an additional 475,196 shares during the period. Finally, First National Trust Co bought a new position in Golub Capital BDC in the 3rd quarter worth approximately $3,992,000. 42.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GBDC. Wells Fargo & Company lowered their target price on Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating for the company in a research report on Thursday, November 21st. StockNews.com downgraded Golub Capital BDC from a "hold" rating to a "sell" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $16.38.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC traded up $0.01 during midday trading on Friday, reaching $15.93. 1,664,243 shares of the stock traded hands, compared to its average volume of 1,383,114. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 4.73. The stock has a market capitalization of $4.23 billion, a PE ratio of 11.54 and a beta of 0.54. Golub Capital BDC, Inc. has a one year low of $14.05 and a one year high of $17.72. The company's 50 day moving average is $15.32 and its 200 day moving average is $15.17.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The investment management company reported $0.39 EPS 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%. On average, equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.62 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The business 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 of this dividend is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 9.79%. Golub Capital BDC's dividend payout ratio is presently 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.