Golub Capital BDC, Inc. (NASDAQ:GBDC) Shares Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC raised its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 108.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,633 shares of the investment management company’s stock after acquiring an additional 14,351 shares during the quarter. Wealthfront Advisers LLC’s holdings in Golub Capital BDC were worth $419,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in Golub Capital BDC by 413.1% in the 4th 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. Parkside Financial Bank & Trust lifted its holdings in Golub Capital BDC by 36.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,116 shares of the investment management company’s stock valued at $47,000 after acquiring an additional 827 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new stake in Golub Capital BDC in the 4th quarter valued at about $160,000. Oppenheimer & Co. Inc. acquired a new stake in Golub Capital BDC in the 3rd quarter valued at about $162,000. Finally, Empowered Funds LLC acquired a new stake in Golub Capital BDC in the 4th quarter valued at about $173,000. 42.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on GBDC. Wells Fargo & Company reduced their price objective on shares of Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, November 21st. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research note on Monday, March 10th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Golub Capital BDC currently has a consensus rating of “Moderate Buy” and an average price target of $16.38.

Golub Capital BDC Price Performance

Shares of GBDC opened at $14.67 on Monday. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 10.63 and a beta of 0.50. Golub Capital BDC, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $17.72. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.94 and a quick ratio of 2.94. The business’s 50-day moving average is $15.40 and its 200-day moving average is $15.25.

Golub Capital BDC (NASDAQ:GBDC) last issued its earnings results 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%. Equities research analysts expect that Golub Capital BDC, Inc. will post 1.6 EPS for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a $0.39 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.63%. Golub Capital BDC’s dividend payout ratio is 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.