Rockefeller Capital Management L.P. Has $43.26 Million Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Rockefeller Capital Management L.P. decreased its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,853,451 shares of the investment management company's stock after selling 219,772 shares during the quarter. Rockefeller Capital Management L.P. owned about 1.07% of Golub Capital BDC worth $43,258,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Van ECK Associates Corp increased its holdings in Golub Capital BDC by 13.4% in the 4th quarter. Van ECK Associates Corp now owns 4,522,114 shares of the investment management company's stock valued at $68,555,000 after buying an additional 533,895 shares during the period. Sound Income Strategies LLC lifted its stake in Golub Capital BDC by 6.0% during the fourth quarter. Sound Income Strategies LLC now owns 3,055,380 shares of the investment management company's stock worth $46,320,000 after purchasing an additional 172,519 shares during the period. Sage Mountain Advisors LLC boosted its holdings in Golub Capital BDC by 38.8% during the fourth quarter. Sage Mountain Advisors LLC now owns 2,509,449 shares of the investment management company's stock valued at $38,043,000 after purchasing an additional 701,594 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Golub Capital BDC by 2.1% in the 4th quarter. JPMorgan Chase & Co. now owns 2,385,828 shares of the investment management company's stock worth $36,169,000 after buying an additional 49,519 shares in the last quarter. Finally, LSV Asset Management boosted its stake in Golub Capital BDC by 5.6% in the 4th quarter. LSV Asset Management now owns 1,305,018 shares of the investment management company's stock valued at $19,784,000 after buying an additional 68,700 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GBDC shares. Keefe, Bruyette & Woods dropped their target price 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. StockNews.com lowered Golub Capital BDC from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $15.83.

Golub Capital BDC Stock Up 2.6 %

GBDC stock traded up $0.36 during trading hours on Thursday, reaching $14.13. 1,258,379 shares of the stock were exchanged, compared to its average volume of 1,402,729. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 10.24 and a beta of 0.33. The firm's 50-day moving average is $14.95 and its 200-day moving average is $15.17. Golub Capital BDC, Inc. has a 12 month low of $12.68 and a 12 month 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.

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%. On average, equities research analysts expect that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.56 annualized dividend and a yield of 11.04%. Golub Capital BDC's dividend payout ratio (DPR) 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.