Pinnacle Wealth Management Advisory Group LLC Invests $353,000 in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Pinnacle Wealth Management Advisory Group LLC acquired a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 23,287 shares of the investment management company's stock, valued at approximately $353,000.

A number of other institutional investors have also added to or reduced their stakes in GBDC. Allworth Financial LP grew its position in Golub Capital BDC by 135.6% in the 3rd quarter. Allworth Financial LP now owns 2,340 shares of the investment management company's stock worth $35,000 after purchasing an additional 1,347 shares in the last quarter. Blue Trust Inc. grew its position in shares of Golub Capital BDC by 413.1% during 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. Cary Street Partners Asset Management LLC bought a new position in shares of Golub Capital BDC during the 3rd quarter valued at approximately $151,000. Cornerstone Wealth Management LLC bought a new position in shares of Golub Capital BDC during the 4th quarter valued at approximately $160,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Golub Capital BDC in the third quarter worth $162,000. 42.38% of the stock is owned by institutional investors.

Golub Capital BDC Price Performance

Golub Capital BDC stock traded down $0.02 during midday trading on Thursday, hitting $15.90. 2,106,689 shares of the company's stock were exchanged, compared to its average volume of 1,389,194. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72. The stock has a 50-day moving average price of $15.39 and a two-hundred day moving average price of $15.19. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.94 and a current ratio of 2.94. The company has a market cap of $4.22 billion, a P/E ratio of 11.52 and a beta of 0.54.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last posted 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%. On average, equities 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 announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 9.81%. The ex-dividend date of this dividend is Monday, March 3rd. Golub Capital BDC's payout ratio is 113.04%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GBDC shares. Wells Fargo & Company lowered their target price on Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating on the stock in a research note on Thursday, November 21st. StockNews.com lowered Golub Capital BDC from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Golub Capital BDC currently has an average rating of "Hold" and a consensus target price of $16.38.

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.