Hilton Capital Management LLC Purchases New Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Hilton Capital Management LLC purchased a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 368,365 shares of the investment management company's stock, valued at approximately $5,584,000. Hilton Capital Management LLC owned about 0.14% of Golub Capital BDC as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GBDC. Blue Trust Inc. increased its stake in Golub Capital BDC by 413.1% in the fourth quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company's stock worth $36,000 after purchasing an additional 1,921 shares during the period. Parkside Financial Bank & Trust increased its stake in Golub Capital BDC by 36.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock worth $47,000 after purchasing an additional 827 shares during the period. Cornerstone Wealth Management LLC purchased a new stake in Golub Capital BDC in the fourth quarter worth $160,000. Oppenheimer & Co. Inc. purchased a new stake in Golub Capital BDC in the third quarter worth $162,000. Finally, Empowered Funds LLC purchased a new stake in Golub Capital BDC in the fourth quarter worth $173,000. 42.38% of the stock is currently owned by institutional investors.

Golub Capital BDC Stock Up 0.3 %

NASDAQ GBDC traded up $0.05 during trading on Tuesday, hitting $15.01. The company's stock had a trading volume of 1,174,361 shares, compared to its average volume of 1,291,121. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94. The company has a market cap of $3.99 billion, a PE ratio of 10.88 and a beta of 0.50. The business's 50 day simple moving average is $15.39 and its 200-day simple moving average is $15.25. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72.

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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 the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. On average, equities analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.39%. The ex-dividend date of this dividend is Monday, March 3rd. Golub Capital BDC's dividend payout ratio is presently 113.04%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. StockNews.com upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Monday, March 10th. Wells Fargo & Company cut their price target on Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating on the stock in a research note on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $16.38.

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.