FORA Capital LLC Buys Shares of 38,170 Golub Capital BDC, Inc. (NASDAQ:GBDC)

FORA Capital LLC purchased a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 38,170 shares of the investment management company's stock, valued at approximately $577,000.

Other institutional investors also recently added to or reduced their stakes in the company. Northeast Financial Consultants Inc raised its holdings in shares of Golub Capital BDC by 151.8% in the 2nd quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company's stock valued at $33,057,000 after purchasing an additional 1,268,442 shares in the last quarter. Millennium Management LLC raised its stake in Golub Capital BDC by 1,170.6% in the second quarter. Millennium Management LLC now owns 786,569 shares of the investment management company's stock valued at $12,357,000 after buying an additional 724,662 shares in the last quarter. Boston Partners purchased a new stake in Golub Capital BDC during the 1st quarter worth about $12,126,000. Partners Group Holding AG raised its position in shares of Golub Capital BDC by 48.2% during 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 acquiring an additional 648,855 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in Golub Capital BDC by 22.3% during the second quarter. Van ECK Associates Corp now owns 3,513,023 shares of the investment management company's stock worth $55,190,000 after purchasing an additional 640,866 shares during the last quarter. Hedge funds and other institutional investors own 42.38% of the company's stock.

Insider Activity

In other news, Chairman Lawrence E. Golub bought 20,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were acquired at an average price of $14.91 per share, with a total value of $298,200.00. Following the completion of the acquisition, the chairman now directly owns 1,998,880 shares in the company, valued at approximately $29,803,300.80. The trade was a 1.01 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company's stock.

Analyst Ratings Changes

GBDC has been the topic of a number of research analyst reports. StockNews.com raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Friday. Oppenheimer reiterated an "outperform" rating and set a $17.00 price target on shares of Golub Capital BDC in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods decreased 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 research note on Wednesday, August 7th. Finally, Wells Fargo & Company dropped their price objective on Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating on the stock in a report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Golub Capital BDC presently has an average rating of "Moderate Buy" and an average price target of $16.40.

Golub Capital BDC Stock Performance

GBDC stock traded up $0.27 on Friday, hitting $15.67. The company's stock had a trading volume of 930,722 shares, compared to its average volume of 1,173,341. Golub Capital BDC, Inc. has a 1 year low of $14.05 and a 1 year high of $17.72. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 1.15. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 11.11 and a beta of 0.54. The firm has a 50 day moving average of $15.24 and a two-hundred day moving average of $15.39.

Golub Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be paid a $0.39 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.56 annualized dividend and a dividend yield of 9.96%. Golub Capital BDC's dividend payout ratio (DPR) is currently 110.64%.

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.