Union Bancaire Privee UBP SA Purchases Shares of 39,891 Golub Capital BDC, Inc. (NASDAQ:GBDC)

Union Bancaire Privee UBP SA bought a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 39,891 shares of the investment management company's stock, valued at approximately $605,000.

Several other hedge funds and other institutional investors have also bought and sold shares of GBDC. Envestnet Asset Management Inc. increased its holdings in shares of Golub Capital BDC by 15.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 261,076 shares of the investment management company's stock worth $4,102,000 after buying an additional 34,439 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Golub Capital BDC by 9.4% during the 2nd quarter. ProShare Advisors LLC now owns 26,210 shares of the investment management company's stock worth $412,000 after acquiring an additional 2,262 shares during the period. Millennium Management LLC lifted its stake in shares of Golub Capital BDC by 1,170.6% in the 2nd quarter. Millennium Management LLC now owns 786,569 shares of the investment management company's stock valued at $12,357,000 after purchasing an additional 724,662 shares during the period. The Manufacturers Life Insurance Company grew its stake in Golub Capital BDC by 3.4% in the second quarter. The Manufacturers Life Insurance Company now owns 35,382 shares of the investment management company's stock worth $556,000 after purchasing an additional 1,150 shares during the period. Finally, Mackenzie Financial Corp bought a new stake in shares of Golub Capital BDC during the 2nd quarter valued at $285,000. Hedge funds and other institutional investors own 42.38% of the company's stock.

Analyst Ratings Changes

GBDC has been the subject of a number of recent research reports. StockNews.com raised shares of Golub Capital BDC from a "sell" rating to a "hold" rating in a research report on Friday, November 29th. Wells Fargo & Company cut their price target on 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $16.38.

Golub Capital BDC Stock Performance

Shares of NASDAQ:GBDC traded up $0.09 during midday trading on Friday, hitting $15.73. The company had a trading volume of 1,450,210 shares, compared to its average volume of 1,166,286. Golub Capital BDC, Inc. has a 12-month low of $14.05 and a 12-month high of $17.72. The company has a fifty day moving average of $15.29 and a two-hundred day moving average of $15.16. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 11.16 and a beta of 0.53. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 9th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 9.92%. The ex-dividend date was Monday, December 9th. Golub Capital BDC's dividend payout ratio (DPR) is currently 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.