Stifel Financial Corp Grows Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Stifel Financial Corp boosted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 30.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 400,491 shares of the investment management company's stock after purchasing an additional 92,712 shares during the period. Stifel Financial Corp owned about 0.23% of Golub Capital BDC worth $6,051,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Partners Group Holding AG increased its holdings in Golub Capital BDC by 48.2% during 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 during the last quarter. TCW Group Inc. increased its stake in shares of Golub Capital BDC by 63.0% in the 2nd quarter. TCW Group Inc. now owns 430,702 shares of the investment management company's stock worth $6,766,000 after purchasing an additional 166,480 shares in the last quarter. Northeast Financial Consultants Inc raised its holdings in Golub Capital BDC by 151.8% in the 2nd quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company's stock worth $33,057,000 after purchasing an additional 1,268,442 shares during the period. BBR Partners LLC purchased a new position in Golub Capital BDC during the third quarter valued at $655,000. Finally, Baillie Gifford & Co. grew its holdings in Golub Capital BDC by 64.5% during the second quarter. Baillie Gifford & Co. now owns 505,959 shares of the investment management company's stock valued at $7,949,000 after purchasing an additional 198,473 shares during the period. Institutional investors own 42.38% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on GBDC shares. StockNews.com raised Golub Capital BDC from a "sell" rating to a "hold" rating in a research note on Friday, November 29th. Wells Fargo & Company decreased 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 note on Thursday, November 21st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $16.40.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC traded up $0.02 during mid-day trading on Friday, reaching $15.05. The company's stock had a trading volume of 1,389,972 shares, compared to its average volume of 1,177,882. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 4.73. Golub Capital BDC, Inc. has a 52 week low of $14.05 and a 52 week high of $17.72. The stock has a fifty day moving average of $15.32 and a two-hundred day moving average of $15.31. The firm has a market capitalization of $3.98 billion, a PE ratio of 10.67 and a beta of 0.54.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.56 annualized dividend and a yield of 10.37%. Golub Capital BDC's payout ratio is 110.64%.

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.