Fox Run Management L.L.C. Purchases Shares of 19,836 Golub Capital BDC, Inc. (NASDAQ:GBDC)

Fox Run Management L.L.C. acquired a new stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,836 shares of the investment management company's stock, valued at approximately $301,000.

A number of other hedge funds have also recently modified their holdings of the business. Blue Trust Inc. lifted its position in Golub Capital BDC by 413.1% during the 4th quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company's stock valued at $36,000 after acquiring an additional 1,921 shares during the period. 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 valued at $47,000 after purchasing an additional 827 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new position in shares of Golub Capital BDC during the fourth quarter valued at approximately $160,000. Empowered Funds LLC bought a new stake in shares of Golub Capital BDC in the 4th quarter worth approximately $173,000. Finally, Avantax Advisory Services Inc. purchased a new stake in shares of Golub Capital BDC in the 4th quarter worth approximately $179,000. Institutional investors own 42.38% of the company's stock.

Golub Capital BDC Stock Up 0.5 %

Shares of NASDAQ:GBDC traded up $0.07 during trading on Tuesday, reaching $15.21. 751,821 shares of the stock traded hands, compared to its average volume of 1,316,443. The stock has a market cap of $4.04 billion, a P/E ratio of 11.02 and a beta of 0.50. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. The stock has a 50-day moving average of $15.39 and a two-hundred day moving average of $15.28. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72.

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Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued 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, sell-side analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were issued a $0.39 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.56 annualized dividend and a yield of 10.26%. Golub Capital BDC's payout ratio is 113.04%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Golub Capital BDC from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently 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.