Proficio Capital Partners LLC Invests $787,000 in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Proficio Capital Partners LLC bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 51,923 shares of the investment management company's stock, valued at approximately $787,000.

A number of other large investors have also recently made changes to their positions in GBDC. Oppenheimer & Co. Inc. increased its stake in Golub Capital BDC by 84.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 19,775 shares of the investment management company's stock worth $300,000 after buying an additional 9,069 shares during the period. Whipplewood Advisors LLC purchased a new position in shares of Golub Capital BDC during the fourth quarter worth approximately $856,000. GraniteShares Advisors LLC raised its stake in shares of Golub Capital BDC by 7.3% during the fourth quarter. GraniteShares Advisors LLC now owns 162,685 shares of the investment management company's stock valued at $2,466,000 after acquiring an additional 11,034 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Golub Capital BDC by 64.2% in the fourth quarter. Bank of New York Mellon Corp now owns 114,670 shares of the investment management company's stock valued at $1,738,000 after purchasing an additional 44,815 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Golub Capital BDC in the fourth quarter valued at approximately $605,000. 42.38% of the stock is owned by hedge funds and other institutional investors.

Golub Capital BDC Stock Down 0.4 %

Shares of Golub Capital BDC stock traded down $0.07 on Wednesday, reaching $14.58. The stock had a trading volume of 1,170,511 shares, compared to its average volume of 1,284,798. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $3.87 billion, a P/E ratio of 10.56 and a beta of 0.50. The company has a 50 day moving average price of $15.44 and a 200 day moving average price of $15.26. Golub Capital BDC, Inc. has a 1 year low of $14.05 and a 1 year high of $17.72.

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Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share 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%. As a group, equities research analysts forecast that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.56 annualized dividend and a dividend yield of 10.70%. Golub Capital BDC's payout ratio is currently 113.04%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on GBDC shares. StockNews.com raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Monday. Wells Fargo & Company cut their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating on the stock in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Golub Capital BDC currently has an average rating of "Moderate Buy" and a consensus target price of $16.38.

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.