LRI Investments LLC Buys Shares of 117,005 Golub Capital BDC, Inc. (NASDAQ:GBDC)

LRI Investments LLC purchased a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 117,005 shares of the investment management company's stock, valued at approximately $1,802,000. LRI Investments LLC owned approximately 0.07% of Golub Capital BDC as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Van ECK Associates Corp increased its stake in shares of Golub Capital BDC by 13.5% in the 3rd quarter. Van ECK Associates Corp now owns 3,988,219 shares of the investment management company's stock valued at $61,458,000 after purchasing an additional 475,196 shares during the last quarter. Sound Income Strategies LLC boosted its stake in Golub Capital BDC by 5.0% in the third quarter. Sound Income Strategies LLC now owns 2,882,861 shares of the investment management company's stock valued at $43,560,000 after buying an additional 137,813 shares in the last quarter. Northeast Financial Consultants Inc grew its position in Golub Capital BDC by 25.9% in the third quarter. Northeast Financial Consultants Inc now owns 2,648,321 shares of the investment management company's stock valued at $40,016,000 after acquiring an additional 544,126 shares during the last quarter. Allen Investment Management LLC raised its stake in Golub Capital BDC by 6.9% during the second quarter. Allen Investment Management LLC now owns 2,246,793 shares of the investment management company's stock worth $35,297,000 after acquiring an additional 145,761 shares in the last quarter. Finally, Partners Group Holding AG lifted its holdings in shares of Golub Capital BDC by 48.2% in the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company's stock worth $30,139,000 after acquiring an additional 648,855 shares during the last quarter. Institutional investors and hedge funds own 42.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports 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 upgraded shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a report 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $16.40.

Golub Capital BDC Trading Down 2.1 %

Shares of GBDC stock traded down $0.32 during trading hours on Monday, hitting $15.14. 1,582,047 shares of the company's stock traded hands, compared to its average volume of 1,174,509. The stock has a market cap of $4.00 billion, a PE ratio of 10.96 and a beta of 0.54. The stock's 50 day simple moving average is $15.32 and its 200 day simple moving average is $15.34. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 1.15. Golub Capital BDC, Inc. has a 12 month low of $14.05 and a 12 month high of $17.72.

Golub Capital BDC Dividend Announcement

The business also recently announced 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. This represents a $1.56 annualized dividend and a yield of 10.30%. The ex-dividend date is 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.