Kovitz Investment Group Partners LLC Acquires New Shares in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Kovitz Investment Group Partners LLC bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 82,256 shares of the investment management company's stock, valued at approximately $1,243,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GBDC. Stifel Financial Corp lifted its stake in shares of Golub Capital BDC by 30.1% in the 3rd quarter. Stifel Financial Corp now owns 400,491 shares of the investment management company's stock valued at $6,051,000 after acquiring an additional 92,712 shares during the last quarter. Garden State Investment Advisory Services LLC bought a new position in shares of Golub Capital BDC in the 3rd quarter valued at $361,000. BBR Partners LLC bought a new position in shares of Golub Capital BDC in the 3rd quarter valued at $655,000. FORA Capital LLC bought a new position in shares of Golub Capital BDC in the 3rd quarter valued at $577,000. Finally, Freedom Investment Management Inc. lifted its stake in shares of Golub Capital BDC by 12.1% in the 3rd quarter. Freedom Investment Management Inc. now owns 25,017 shares of the investment management company's stock valued at $378,000 after acquiring an additional 2,696 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. StockNews.com upgraded Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Friday, November 29th. Wells Fargo & Company lowered 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 report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $16.40.

Golub Capital BDC Stock Performance

NASDAQ:GBDC remained flat at $15.07 during trading hours on Wednesday. The company had a trading volume of 1,208,259 shares, compared to its average volume of 1,176,911. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15. The business's 50 day moving average is $15.32 and its two-hundred day moving average is $15.33. Golub Capital BDC, Inc. has a twelve month low of $14.05 and a twelve month high of $17.72. The company has a market cap of $3.98 billion, a PE ratio of 10.69 and a beta of 0.54.

Golub Capital BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.39 per share. The ex-dividend date is Monday, December 9th. This represents a $1.56 dividend on an annualized basis and a yield of 10.35%. Golub Capital BDC's payout ratio is currently 110.64%.

Golub Capital BDC Company 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.