Janney Montgomery Scott LLC Increases Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Janney Montgomery Scott LLC lifted its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 30.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,058 shares of the investment management company's stock after buying an additional 26,764 shares during the period. Janney Montgomery Scott LLC's holdings in Golub Capital BDC were worth $1,744,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of GBDC. Hexagon Capital Partners LLC increased its stake in shares of Golub Capital BDC by 171.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company's stock worth $32,000 after acquiring an additional 1,355 shares during the last quarter. Allworth Financial LP raised its holdings in 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 during the period. Cary Street Partners Asset Management LLC acquired a new position in Golub Capital BDC in the third quarter valued at about $151,000. Oppenheimer & Co. Inc. purchased a new position in Golub Capital BDC during the third quarter worth about $162,000. Finally, Embree Financial Group acquired a new stake in shares of Golub Capital BDC during the third quarter valued at about $171,000. 42.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered 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 report on Thursday, November 21st. StockNews.com raised Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Friday, November 29th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $16.38.

Golub Capital BDC Stock Up 0.8 %

Shares of Golub Capital BDC stock traded up $0.12 during trading hours on Thursday, reaching $15.43. 1,301,886 shares of the company were exchanged, compared to its average volume of 1,377,327. The firm has a market cap of $4.08 billion, a PE ratio of 10.94 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. Golub Capital BDC, Inc. has a 1 year low of $14.05 and a 1 year high of $17.72. The stock's fifty day moving average is $15.30 and its 200 day moving average is $15.16.

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 11.86% and a net margin of 37.78%. As a group, equities research analysts forecast that Golub Capital BDC, Inc. will post 1.69 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a $0.39 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 10.11%. Golub Capital BDC's dividend payout ratio is currently 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.