Arnhold LLC Has $21.42 Million Stock Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Arnhold LLC grew its position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,412,589 shares of the investment management company's stock after purchasing an additional 32,500 shares during the period. Golub Capital BDC comprises about 2.1% of Arnhold LLC's holdings, making the stock its 14th largest position. Arnhold LLC owned approximately 0.53% of Golub Capital BDC worth $21,415,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC raised its position in shares of Golub Capital BDC by 45.5% in the third quarter. Barclays PLC now owns 190,132 shares of the investment management company's stock valued at $2,873,000 after purchasing an additional 59,443 shares during the period. Eagle Bay Advisors LLC increased its holdings in Golub Capital BDC by 82.1% in the 4th quarter. Eagle Bay Advisors LLC now owns 183,602 shares of the investment management company's stock valued at $2,783,000 after buying an additional 82,787 shares during the period. Janney Montgomery Scott LLC increased its holdings in Golub Capital BDC by 30.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 115,058 shares of the investment management company's stock valued at $1,744,000 after buying an additional 26,764 shares during the period. Wealthspire Advisors LLC bought a new stake in Golub Capital BDC in the 4th quarter valued at $296,000. Finally, Franklin Resources Inc. increased its holdings in Golub Capital BDC by 32.2% in the 3rd quarter. Franklin Resources Inc. now owns 404,865 shares of the investment management company's stock valued at $6,134,000 after buying an additional 98,685 shares during the period. Institutional investors and hedge funds own 42.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday. Keefe, Bruyette & Woods reduced their price objective on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, StockNews.com cut shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $15.50.

Golub Capital BDC Stock Up 0.6 %

Shares of NASDAQ:GBDC traded up $0.09 during midday trading on Monday, reaching $14.53. 1,114,531 shares of the company were exchanged, compared to its average volume of 1,421,897. Golub Capital BDC, Inc. has a fifty-two week low of $12.68 and a fifty-two week high of $17.72. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The stock has a fifty day simple moving average of $14.69 and a two-hundred day simple moving average of $15.13. The firm has a market cap of $3.86 billion, a PE ratio of 10.53 and a beta of 0.33.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings data 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 return on equity of 11.18% and a net margin of 39.63%. As a group, sell-side analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were paid a $0.39 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.56 annualized dividend and a yield of 10.74%. Golub Capital BDC's payout ratio is currently 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.