Penbrook Management LLC Takes Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Penbrook Management LLC purchased a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 28,630 shares of the investment management company's stock, valued at approximately $434,000.

A number of other institutional investors have also modified their holdings of GBDC. Hexagon Capital Partners LLC lifted its holdings in shares of Golub Capital BDC by 171.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 2,145 shares of the investment management company's stock worth $32,000 after acquiring an additional 1,355 shares during the period. Allworth Financial LP increased its position in shares of Golub Capital BDC by 135.6% in the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company's stock worth $35,000 after acquiring an additional 1,347 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Golub Capital BDC by 413.1% in the 4th quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company's stock valued at $36,000 after acquiring an additional 1,921 shares during the period. Quarry LP acquired a new position in shares of Golub Capital BDC during the 2nd quarter valued at $61,000. Finally, Cary Street Partners Asset Management LLC purchased a new stake in Golub Capital BDC during the 3rd quarter worth $151,000. Institutional investors and hedge funds own 42.38% of the company's stock.

Analyst Ratings Changes

A number of research analysts have 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 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 report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Golub Capital BDC currently has an average rating of "Moderate Buy" and a consensus target price of $16.38.

Golub Capital BDC Stock Down 0.0 %

Shares of NASDAQ:GBDC traded down $0.01 during midday trading on Monday, reaching $15.73. The company had a trading volume of 981,742 shares, compared to its average volume of 1,263,682. The stock has a market capitalization of $4.16 billion, a P/E ratio of 11.15 and a beta of 0.54. The stock's fifty day moving average price is $15.29 and its 200-day moving average price is $15.15. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 4.73. Golub Capital BDC, Inc. has a one year low of $14.05 and a one year high of $17.72.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 9th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.56 annualized dividend and a dividend yield of 9.92%. Golub Capital BDC's payout ratio is 110.64%.

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.