Mirae Asset Global Investments Co. Ltd. Purchases Shares of 13,978 Golub Capital BDC, Inc. (NASDAQ:GBDC)

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 13,978 shares of the investment management company’s stock, valued at approximately $211,000.

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

Analysts Set New Price Targets

GBDC has been the subject of several research analyst reports. StockNews.com downgraded shares of Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday. Wells Fargo & Company reduced their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.38.

Golub Capital BDC Price Performance

Shares of GBDC opened at $15.92 on Friday. The business’s 50-day moving average is $15.31 and its 200-day moving average is $15.17. 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 company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 11.54 and a beta of 0.54. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly earnings data 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 net margin of 39.63% and a return on equity of 11.18%. Equities research analysts expect that Golub Capital BDC, Inc. will post 1.62 EPS for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.80%. The ex-dividend date is Monday, March 3rd. 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.