Kingswood Wealth Advisors LLC Purchases Shares of 24,733 Golub Capital BDC, Inc. (NASDAQ:GBDC)

Kingswood Wealth Advisors LLC bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 24,733 shares of the investment management company's stock, valued at approximately $375,000.

Several other hedge funds and other institutional investors have also modified their holdings of GBDC. Millennium Management LLC lifted its position in Golub Capital BDC by 1,170.6% during the 2nd quarter. Millennium Management LLC now owns 786,569 shares of the investment management company's stock worth $12,357,000 after buying an additional 724,662 shares in the last quarter. Partners Group Holding AG grew its stake in shares of Golub Capital BDC by 48.2% during the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company's stock valued at $30,139,000 after purchasing an additional 648,855 shares during the last quarter. LGT Capital Partners LTD. acquired a new stake in shares of Golub Capital BDC in the third quarter valued at approximately $8,721,000. Northeast Financial Consultants Inc raised its position in Golub Capital BDC by 25.9% in the 3rd quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company's stock worth $40,016,000 after purchasing an additional 544,126 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Golub Capital BDC by 13.5% during the 3rd quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company's stock worth $61,458,000 after buying an additional 475,196 shares in the last quarter. Institutional investors own 42.38% of the company's stock.

Wall Street Analysts Forecast Growth

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

Golub Capital BDC Price Performance

GBDC stock remained flat at $15.73 during midday trading on Monday. 1,488,358 shares of the company's stock were exchanged, compared to its average volume of 1,288,091. Golub Capital BDC, Inc. has a 1 year low of $14.05 and a 1 year high of $17.72. The stock has a market capitalization of $4.16 billion, a PE ratio of 11.16 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. The stock's 50 day moving average price is $15.29 and its 200-day moving average price is $15.15.

Golub Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 9th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 9.92%. The ex-dividend date was Monday, December 9th. Golub Capital BDC's payout ratio is presently 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.