Haven Private LLC Purchases New Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Haven Private LLC acquired a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 32,313 shares of the investment management company's stock, valued at approximately $490,000.

Several other hedge funds have also modified their holdings of the stock. Partners Group Holding AG increased its holdings in 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 purchasing an additional 648,855 shares during the period. Barclays PLC grew its position in shares of Golub Capital BDC by 45.5% during the third quarter. Barclays PLC now owns 190,132 shares of the investment management company's stock worth $2,873,000 after buying an additional 59,443 shares in the last quarter. Eagle Bay Advisors LLC grew its holdings in Golub Capital BDC by 82.1% during the 4th quarter. Eagle Bay Advisors LLC now owns 183,602 shares of the investment management company's stock worth $2,783,000 after acquiring an additional 82,787 shares in the last quarter. BBR Partners LLC purchased a new position in Golub Capital BDC in the third quarter valued at $655,000. Finally, Janney Montgomery Scott LLC raised its stake in Golub Capital BDC by 30.3% in the fourth 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 in the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analysts Set New Price Targets

Several research firms recently weighed in on GBDC. Wells Fargo & Company decreased their target price on 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 upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Monday. 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, the company has a consensus rating of "Moderate Buy" and an average target price of $16.38.

Golub Capital BDC Stock Performance

NASDAQ GBDC traded down $0.27 on Tuesday, reaching $14.64. The stock had a trading volume of 2,091,141 shares, compared to its average volume of 1,283,175. 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 market cap of $3.89 billion, a P/E ratio of 10.61 and a beta of 0.50. The business's 50-day moving average price is $15.45 and its 200 day moving average price is $15.27. Golub Capital BDC, Inc. has a 12-month low of $14.05 and a 12-month high of $17.72.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share 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, equities analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.66%. The ex-dividend date is Monday, March 3rd. Golub Capital BDC's dividend payout ratio (DPR) is presently 113.04%.

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.