Raymond James Financial Inc. Invests $4.47 Million in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Raymond James Financial Inc. purchased a new position in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 294,838 shares of the investment management company's stock, valued at approximately $4,470,000. Raymond James Financial Inc. owned about 0.11% of Golub Capital BDC at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GBDC. Blue Trust Inc. boosted its position in 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 worth $36,000 after purchasing an additional 1,921 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Golub Capital BDC by 36.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company's stock worth $47,000 after buying an additional 827 shares during the last quarter. Hurley Capital LLC bought a new stake in Golub Capital BDC during the fourth quarter valued at approximately $50,000. Cornerstone Wealth Management LLC purchased a new stake in Golub Capital BDC during the fourth quarter valued at approximately $160,000. Finally, Empowered Funds LLC bought a new position in Golub Capital BDC in the fourth quarter worth approximately $173,000. Institutional investors own 42.38% of the company's stock.

Golub Capital BDC Price Performance

NASDAQ:GBDC traded down $0.23 on Tuesday, reaching $14.30. 1,748,666 shares of the company's stock traded hands, compared to its average volume of 1,423,198. The stock has a 50-day simple moving average of $14.69 and a 200-day simple moving average of $15.13. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month high of $17.72. The firm has a market cap of $3.80 billion, a PE ratio of 10.36 and a beta of 0.33. 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 posted its quarterly earnings results on Tuesday, February 4th. The investment management company reported $0.39 EPS 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%. 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 business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were issued a $0.39 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 10.91%. Golub Capital BDC's dividend payout ratio is currently 113.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GBDC shares. Keefe, Bruyette & Woods cut their price objective on shares of Golub Capital BDC from $16.50 to $15.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company reduced their price target on Golub Capital BDC from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday. Finally, StockNews.com cut Golub Capital BDC from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $15.50.

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.