Entropy Technologies LP Purchases Shares of 25,193 Golub Capital BDC, Inc. (NASDAQ:GBDC)

Entropy Technologies LP purchased a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 25,193 shares of the investment management company’s stock, valued at approximately $382,000.

Several other large investors have also recently added to or reduced their stakes in GBDC. Nicholas Hoffman & Company LLC. increased its holdings in 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 valued at $582,000 after purchasing an additional 664 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of 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 worth $1,101,000 after purchasing an additional 769 shares during the last quarter. Moors & Cabot Inc. boosted its position in shares of Golub Capital BDC by 2.3% in 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 boosted its position in shares of Golub Capital BDC by 7.7% in 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, The Manufacturers Life Insurance Company boosted its position in shares of Golub Capital BDC by 3.4% in the 2nd 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 last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on GBDC. Wells Fargo & Company reduced their target price on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, November 21st. StockNews.com raised Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Golub Capital BDC presently has a consensus rating of “Moderate Buy” and an average price target of $16.38.

Golub Capital BDC Trading Up 0.9 %

Shares of GBDC stock opened at $15.83 on Thursday. Golub Capital BDC, Inc. has a 1 year low of $14.05 and a 1 year high of $17.72. The stock has a market cap of $4.20 billion, a P/E ratio of 11.47 and a beta of 0.54. The company has a current ratio of 2.94, a quick ratio of 4.73 and a debt-to-equity ratio of 1.22. The stock has a 50 day simple moving average of $15.30 and a 200 day simple moving average of $15.16.

Golub Capital BDC (NASDAQ:GBDC) last posted its quarterly earnings data on Tuesday, February 4th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Golub Capital BDC had a net margin of 39.63% and a return on equity of 11.18%. On average, research analysts predict that Golub Capital BDC, Inc. will post 1.62 earnings per share for the current fiscal year.

Golub Capital BDC Dividend Announcement

The business 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 dividend of $0.39 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.85%. 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.