Truist Financial Corp Boosts Holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Truist Financial Corp grew its stake in Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 172.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,788 shares of the investment management company's stock after purchasing an additional 20,101 shares during the period. Truist Financial Corp's holdings in Golub Capital BDC were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. boosted its position in Golub Capital BDC by 413.1% during the fourth quarter. Blue Trust Inc. now owns 2,386 shares of the investment management company's stock valued at $36,000 after acquiring an additional 1,921 shares during the last quarter. Cary Street Partners Asset Management LLC bought a new stake in shares of Golub Capital BDC in the 3rd quarter worth $151,000. Cornerstone Wealth Management LLC purchased a new stake in Golub Capital BDC in the 4th quarter valued at about $160,000. Oppenheimer & Co. Inc. bought a new position in Golub Capital BDC during the third quarter valued at about $162,000. Finally, Empowered Funds LLC bought a new stake in shares of Golub Capital BDC in the 4th quarter worth approximately $173,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on GBDC. StockNews.com lowered Golub Capital BDC from a "hold" rating to a "sell" rating in a report on Thursday, February 13th. Wells Fargo & Company cut their target price on shares of Golub Capital BDC from $15.50 to $15.00 and set an "equal weight" rating for the company in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Golub Capital BDC presently has an average rating of "Hold" and a consensus target price of $16.38.

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Golub Capital BDC Trading Up 1.2 %

Shares of Golub Capital BDC stock traded up $0.18 on Friday, reaching $14.99. The company had a trading volume of 920,323 shares, compared to its average volume of 1,271,585. 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, Inc. has a 1 year low of $14.05 and a 1 year high of $17.72. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 10.86 and a beta of 0.54. The firm's 50-day moving average price is $15.45 and its two-hundred day moving average price is $15.26.

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 EPS for the quarter, missing the consensus estimate 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, research analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a $0.39 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.41%. Golub Capital BDC's dividend payout ratio (DPR) is currently 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.