Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Bought by Northeast Financial Consultants Inc

Northeast Financial Consultants Inc increased its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 25.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,648,321 shares of the investment management company's stock after purchasing an additional 544,126 shares during the quarter. Golub Capital BDC makes up approximately 1.7% of Northeast Financial Consultants Inc's investment portfolio, making the stock its 13th largest position. Northeast Financial Consultants Inc owned about 1.54% of Golub Capital BDC worth $40,016,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Abundance Wealth Counselors lifted its stake in Golub Capital BDC by 289.2% in the 2nd quarter. Abundance Wealth Counselors now owns 187,345 shares of the investment management company's stock worth $2,943,000 after purchasing an additional 139,212 shares in the last quarter. Partners Group Holding AG boosted its stake in 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 worth $30,139,000 after buying an additional 648,855 shares during the last quarter. TCW Group Inc. grew its holdings in Golub Capital BDC by 63.0% in the 2nd quarter. TCW Group Inc. now owns 430,702 shares of the investment management company's stock valued at $6,766,000 after buying an additional 166,480 shares in the last quarter. Cetera Advisors LLC acquired a new stake in shares of Golub Capital BDC in the 1st quarter worth $995,000. Finally, BBR Partners LLC acquired a new stake in shares of Golub Capital BDC in the 3rd quarter worth $655,000. 42.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GBDC shares. StockNews.com raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a report on Friday, November 29th. Wells Fargo & Company dropped their price target on shares of Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating for the company 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, the stock has an average rating of "Moderate Buy" and an average target price of $16.40.

Golub Capital BDC Trading Down 0.7 %

Shares of GBDC traded down $0.11 during trading on Friday, reaching $15.46. 1,726,701 shares of the company traded hands, compared to its average volume of 1,199,349. 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 twelve month low of $14.05 and a twelve month high of $17.72. The stock has a 50-day simple moving average of $15.32 and a 200-day simple moving average of $15.34. The stock has a market cap of $4.09 billion, a PE ratio of 10.96 and a beta of 0.54.

Golub Capital BDC Announces Dividend

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 $0.39 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.56 dividend on an annualized basis and a yield of 10.09%. Golub Capital BDC's dividend payout ratio (DPR) 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.