Proficio Capital Partners LLC Takes Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

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

Other institutional investors have also recently bought and sold shares of the company. Partners Group Holding AG raised its position in shares of Golub Capital BDC by 48.2% in the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company's stock valued at $30,139,000 after buying an additional 648,855 shares in the last quarter. Barclays PLC lifted its position in shares of Golub Capital BDC by 45.5% during the 3rd quarter. Barclays PLC now owns 190,132 shares of the investment management company's stock worth $2,873,000 after buying an additional 59,443 shares during the last quarter. Eagle Bay Advisors LLC lifted its holdings in shares of Golub Capital BDC by 82.1% in the fourth quarter. Eagle Bay Advisors LLC now owns 183,602 shares of the investment management company's stock worth $2,783,000 after acquiring an additional 82,787 shares during the last quarter. BBR Partners LLC acquired a new stake in Golub Capital BDC in the third quarter valued at approximately $655,000. Finally, Janney Montgomery Scott LLC grew its position in Golub Capital BDC by 30.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 115,058 shares of the investment management company's stock worth $1,744,000 after acquiring an additional 26,764 shares during the last quarter. Institutional investors own 42.38% of the company's stock.

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Analysts Set New Price Targets

Separately, StockNews.com raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Golub Capital BDC presently has a consensus rating of "Hold" and a consensus target price of $16.17.

Golub Capital BDC Price Performance

Golub Capital BDC stock remained flat at $15.32 during trading hours on Wednesday. The company's stock had a trading volume of 1,230,205 shares, compared to its average volume of 1,307,022. The stock's fifty day moving average price is $15.40 and its 200 day moving average price is $15.26. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 11.10 and a beta of 0.50.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last issued its earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. Analysts anticipate that Golub Capital BDC, Inc. will post 1.6 EPS for the current year.

Golub Capital BDC Announces Dividend

The business 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.18%. Golub Capital BDC's payout ratio is presently 113.04%.

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.