Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Purchased by Partners Group Holding AG

Partners Group Holding AG increased its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 48.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,994,663 shares of the investment management company's stock after buying an additional 648,855 shares during the period. Golub Capital BDC comprises approximately 2.0% of Partners Group Holding AG's holdings, making the stock its 23rd largest holding. Partners Group Holding AG owned about 1.16% of Golub Capital BDC worth $30,139,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in GBDC. Van ECK Associates Corp grew its stake in Golub Capital BDC by 13.5% in the third 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 raised its position in shares of Golub Capital BDC by 5.0% in the 3rd quarter. Sound Income Strategies LLC now owns 2,882,861 shares of the investment management company's stock valued at $43,560,000 after purchasing an additional 137,813 shares during the last quarter. Allen Investment Management LLC boosted its stake in Golub Capital BDC by 6.9% in the 2nd quarter. Allen Investment Management LLC now owns 2,246,793 shares of the investment management company's stock worth $35,297,000 after purchasing an additional 145,761 shares in the last quarter. Northeast Financial Consultants Inc grew its position in Golub Capital BDC by 151.8% during the 2nd quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company's stock worth $33,057,000 after purchasing an additional 1,268,442 shares during the last quarter. Finally, Arnhold LLC grew its holdings in shares of Golub Capital BDC by 0.8% during the second quarter. Arnhold LLC now owns 1,319,200 shares of the investment management company's stock valued at $20,725,000 after buying an additional 11,000 shares during the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Golub Capital BDC Price Performance

Golub Capital BDC stock traded up $0.14 during trading on Tuesday, reaching $15.52. The company had a trading volume of 2,136,612 shares, compared to its average volume of 1,174,997. 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 firm's 50-day simple moving average is $15.21 and its 200 day simple moving average is $15.40. The firm has a market capitalization of $2.66 billion, a PE ratio of 10.87 and a beta of 0.54. Golub Capital BDC, Inc. has a 1-year low of $14.05 and a 1-year high of $17.72.

Golub Capital BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 9th will be given a dividend of $0.39 per share. The ex-dividend date is Monday, December 9th. This represents a $1.56 annualized dividend and a dividend yield of 10.05%. Golub Capital BDC's dividend payout ratio (DPR) is presently 110.64%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. StockNews.com downgraded Golub Capital BDC from a "hold" rating to a "sell" rating in a research note on Thursday, November 21st. Wells Fargo & Company reduced their price target 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. Keefe, Bruyette & Woods dropped their price objective on shares of Golub Capital BDC from $17.50 to $16.50 and set an "outperform" rating on the stock in a research note on Wednesday, August 7th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $17.00 target price on shares of Golub Capital BDC in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Golub Capital BDC presently has an average rating of "Hold" and an average target price of $16.40.

Insider Activity at Golub Capital BDC

In other Golub Capital BDC news, Chairman Lawrence E. Golub purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were purchased at an average cost of $15.04 per share, for a total transaction of $300,800.00. Following the completion of the transaction, the chairman now owns 1,898,880 shares of the company's stock, valued at $28,559,155.20. The trade was a 1.06 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders have purchased 60,000 shares of company stock valued at $897,200. 2.70% of the stock is owned by corporate insiders.

About Golub Capital BDC

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.