Quadrant Capital Group LLC Grows Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Quadrant Capital Group LLC lifted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 2,677.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,195 shares of the investment management company's stock after purchasing an additional 32,000 shares during the period. Quadrant Capital Group LLC's holdings in Golub Capital BDC were worth $503,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in GBDC. Blue Trust Inc. increased its holdings in shares of Golub Capital BDC by 413.1% in the fourth quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company's stock valued at $36,000 after purchasing an additional 1,921 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Golub Capital BDC by 36.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock worth $47,000 after purchasing an additional 827 shares in the last quarter. Hurley Capital LLC purchased a new position in Golub Capital BDC in the 4th quarter valued at approximately $50,000. Cornerstone Wealth Management LLC purchased a new position in Golub Capital BDC in the fourth quarter valued at $160,000. Finally, Empowered Funds LLC purchased a new position in shares of Golub Capital BDC in the 4th quarter valued at about $173,000. Institutional investors and hedge funds own 42.38% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. StockNews.com cut Golub Capital BDC from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. Keefe, Bruyette & Woods lowered their price objective on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $15.83.

Golub Capital BDC Stock Performance

NASDAQ GBDC traded up $0.04 during trading hours on Friday, hitting $13.68. 2,626,725 shares of the stock were exchanged, compared to its average volume of 1,390,300. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 9.91 and a beta of 0.33. The stock has a 50-day moving average of $15.05 and a 200 day moving average of $15.20. Golub Capital BDC, Inc. has a 12-month low of $12.68 and a 12-month high of $17.72. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 1.22.

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

Golub Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 11.40%. The ex-dividend date of this dividend was Monday, March 3rd. Golub Capital BDC's dividend payout ratio (DPR) is presently 113.04%.

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.