JPMorgan Chase & Co. Acquires 49,519 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

JPMorgan Chase & Co. lifted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 2.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,385,828 shares of the investment management company's stock after acquiring an additional 49,519 shares during the period. JPMorgan Chase & Co. owned 0.90% of Golub Capital BDC worth $36,169,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GBDC. Atria Investments Inc lifted its holdings in shares of Golub Capital BDC by 912.0% in the 4th quarter. Atria Investments Inc now owns 983,286 shares of the investment management company's stock worth $14,907,000 after purchasing an additional 886,123 shares in the last quarter. Sage Mountain Advisors LLC lifted its stake in shares of Golub Capital BDC by 38.8% in the fourth quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company's stock valued at $38,043,000 after buying an additional 701,594 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Golub Capital BDC by 13.4% during the fourth quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company's stock valued at $68,555,000 after buying an additional 533,895 shares during the last quarter. Hilton Capital Management LLC bought a new stake in shares of Golub Capital BDC during the fourth quarter worth about $5,584,000. Finally, Blueprint Investment Partners LLC acquired a new stake in shares of Golub Capital BDC in the 4th quarter worth about $5,261,000. 42.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Keefe, Bruyette & Woods decreased their price objective on Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a report on Tuesday. StockNews.com cut shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $15.83.

Golub Capital BDC Stock Performance

Shares of NASDAQ:GBDC traded up $0.04 during midday trading on Friday, reaching $13.68. The company had a trading volume of 2,626,725 shares, compared to its average volume of 1,387,532. Golub Capital BDC, Inc. has a 52-week low of $12.68 and a 52-week high of $17.72. The company's 50 day moving average price is $15.05 and its 200 day moving average price is $15.20. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22. The stock has a market cap of $3.63 billion, a P/E ratio of 9.91 and a beta of 0.33.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last released its 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 net margin of 39.63% and a return on equity of 11.18%. As a group, sell-side analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 11.40%. The ex-dividend date of this dividend was Monday, March 3rd. Golub Capital BDC's dividend payout ratio (DPR) 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.