Legal & General Group Plc Has $27.42 Million Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Legal & General Group Plc reduced its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,809,822 shares of the investment management company's stock after selling 134,713 shares during the quarter. Legal & General Group Plc owned about 0.68% of Golub Capital BDC worth $27,419,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in Golub Capital BDC by 45.5% in the 3rd quarter. Barclays PLC now owns 190,132 shares of the investment management company's stock worth $2,873,000 after buying an additional 59,443 shares in the last quarter. Anchor Investment Management LLC boosted its position in Golub Capital BDC by 195.0% during the 3rd quarter. Anchor Investment Management LLC now owns 274,115 shares of the investment management company's stock worth $4,142,000 after acquiring an additional 181,210 shares during the period. Sanctuary Advisors LLC grew its stake in shares of Golub Capital BDC by 1.1% in the third quarter. Sanctuary Advisors LLC now owns 71,988 shares of the investment management company's stock worth $1,101,000 after purchasing an additional 769 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Golub Capital BDC in the third quarter worth $1,533,000. Finally, Tidal Investments LLC increased its holdings in shares of Golub Capital BDC by 4.1% during the third quarter. Tidal Investments LLC now owns 76,160 shares of the investment management company's stock valued at $1,151,000 after purchasing an additional 2,991 shares during the period. 42.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GBDC. Keefe, Bruyette & Woods decreased their target price on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. StockNews.com downgraded Golub Capital BDC from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $15.83.

Golub Capital BDC Price Performance

Golub Capital BDC stock traded up $0.35 during mid-day trading on Thursday, hitting $14.12. The company's stock had a trading volume of 1,011,629 shares, compared to its average volume of 1,402,729. The stock has a market capitalization of $3.75 billion, a P/E ratio of 10.23 and a beta of 0.33. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The stock's fifty day moving average price is $14.95 and its two-hundred day moving average price is $15.17. Golub Capital BDC, Inc. has a twelve month low of $12.68 and a twelve month high of $17.72.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The investment management company reported $0.39 EPS 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%. Research analysts forecast that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.39 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.05%. Golub Capital BDC's dividend payout ratio is 113.04%.

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.