TCW Group Inc. Boosts Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

TCW Group Inc. lifted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 31.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 568,008 shares of the investment management company's stock after buying an additional 137,306 shares during the quarter. TCW Group Inc. owned approximately 0.33% of Golub Capital BDC worth $8,583,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Hexagon Capital Partners LLC increased its holdings in Golub Capital BDC by 171.5% in the third quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company's stock valued at $32,000 after buying an additional 1,355 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Golub Capital BDC by 135.6% in the 3rd quarter. Allworth Financial LP now owns 2,340 shares of the investment management company's stock valued at $35,000 after buying an additional 1,347 shares in the last quarter. Cove Street Capital LLC purchased a new position in shares of Golub Capital BDC in the 2nd quarter valued at $39,000. Quarry LP purchased a new position in shares of Golub Capital BDC in the 2nd quarter valued at $61,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in Golub Capital BDC during the 2nd quarter worth $71,000. 42.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GBDC has been the subject of several research analyst reports. 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.40.

Golub Capital BDC Stock Performance

Golub Capital BDC stock traded down $0.04 during midday trading on Thursday, hitting $15.03. 1,198,206 shares of the company's stock were exchanged, compared to its average volume of 1,177,000. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 10.66 and a beta of 0.54. Golub Capital BDC, Inc. has a 12-month low of $14.05 and a 12-month high of $17.72. The firm's 50 day simple moving average is $15.33 and its 200 day simple moving average is $15.32.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 9th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.38%. The ex-dividend date of this dividend is Monday, December 9th. Golub Capital BDC's dividend payout ratio 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.