Van ECK Associates Corp Purchases 533,895 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Van ECK Associates Corp boosted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC - Free Report) by 13.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,522,114 shares of the investment management company's stock after purchasing an additional 533,895 shares during the period. Van ECK Associates Corp owned approximately 1.71% of Golub Capital BDC worth $68,555,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GBDC. Nicholas Hoffman & Company LLC. increased its holdings in shares of Golub Capital BDC by 1.8% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 38,531 shares of the investment management company's stock worth $582,000 after buying an additional 664 shares during the last quarter. Sanctuary Advisors LLC boosted its position in Golub Capital BDC by 1.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 71,988 shares of the investment management company's stock valued at $1,101,000 after buying an additional 769 shares during the period. Moors & Cabot Inc. lifted its position in shares of Golub Capital BDC by 2.3% during the 3rd quarter. Moors & Cabot Inc. now owns 38,143 shares of the investment management company's stock worth $576,000 after purchasing an additional 875 shares during the last quarter. Mattern Wealth Management LLC lifted its position in shares of Golub Capital BDC by 7.7% during the 4th quarter. Mattern Wealth Management LLC now owns 14,000 shares of the investment management company's stock worth $212,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Allworth Financial LP lifted its position in shares of Golub Capital BDC by 135.6% during the 3rd quarter. Allworth Financial LP now owns 2,340 shares of the investment management company's stock worth $35,000 after purchasing an additional 1,347 shares during the last quarter. 42.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GBDC shares. StockNews.com cut shares of Golub Capital BDC from a "hold" rating to a "sell" rating in a research report on Thursday. Wells Fargo & Company dropped their price target 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Golub Capital BDC presently has a consensus rating of "Hold" and an average target price of $16.38.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC traded up $0.01 on Monday, hitting $15.93. The company's stock had a trading volume of 1,664,243 shares, compared to its average volume of 1,383,114. Golub Capital BDC, Inc. has a 12-month low of $14.05 and a 12-month high of $17.72. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 11.54 and a beta of 0.54. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 4.73. The stock has a 50 day moving average of $15.33 and a 200-day moving average of $15.17.

Golub Capital BDC (NASDAQ:GBDC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 earnings per share (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 1.62 EPS for the current year.

Golub Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 9.79%. The ex-dividend date of this dividend is Monday, March 3rd. Golub Capital BDC's payout ratio is currently 113.04%.

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.