Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. raised its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 32.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 404,865 shares of the investment management company's stock after purchasing an additional 98,685 shares during the period. Franklin Resources Inc. owned 0.24% of Golub Capital BDC worth $6,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Nicholas Hoffman & Company LLC. lifted its holdings in Golub Capital BDC by 1.8% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 38,531 shares of the investment management company's stock worth $582,000 after buying an additional 664 shares during the last quarter. Neville Rodie & Shaw Inc. increased its stake in Golub Capital BDC by 1.3% in the third quarter. Neville Rodie & Shaw Inc. now owns 54,557 shares of the investment management company's stock valued at $824,000 after purchasing an additional 715 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in Golub Capital BDC by 1.1% during the third quarter. Sanctuary Advisors LLC now owns 71,988 shares of the investment management company's stock worth $1,101,000 after purchasing an additional 769 shares in the last quarter. Moors & Cabot Inc. lifted its position in shares of Golub Capital BDC by 2.3% during the 3rd quarter. Moors & Cabot Inc. now owns 38,143 shares of the investment management company's stock worth $576,000 after buying an additional 875 shares during the last quarter. Finally, Wedbush Securities Inc. grew its position in shares of Golub Capital BDC by 2.8% in the 2nd quarter. Wedbush Securities Inc. now owns 37,031 shares of the investment management company's stock valued at $582,000 after buying an additional 1,000 shares during the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating for the company in a research note on Thursday, November 21st. StockNews.com raised Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Friday, November 29th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Golub Capital BDC currently has an average rating of "Moderate Buy" and a consensus price target of $16.40.

Golub Capital BDC Stock Performance

Shares of GBDC remained flat at $15.08 during mid-day trading on Monday. 1,274,567 shares of the stock traded hands, compared to its average volume of 1,184,384. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 4.73. Golub Capital BDC, Inc. has a twelve month low of $14.05 and a twelve month high of $17.72. The company has a fifty day simple moving average of $15.30 and a 200 day simple moving average of $15.24. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 10.70 and a beta of 0.54.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be given a dividend of $0.39 per share. The ex-dividend date is Monday, December 9th. This represents a $1.56 dividend on an annualized basis and a yield of 10.34%. Golub Capital BDC's payout ratio is 110.64%.

Golub Capital BDC 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.