Kovitz Investment Group Partners LLC Makes New $1.24 Million Investment in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Kovitz Investment Group Partners LLC purchased a new stake in Golub Capital BDC, Inc. (NASDAQ:GBDC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 82,256 shares of the investment management company’s stock, valued at approximately $1,243,000.

Other large investors have also made changes to their positions in the company. Abundance Wealth Counselors increased its holdings in shares of Golub Capital BDC by 289.2% in the second quarter. Abundance Wealth Counselors now owns 187,345 shares of the investment management company’s stock worth $2,943,000 after acquiring an additional 139,212 shares in the last quarter. Partners Group Holding AG increased its stake in Golub Capital BDC by 48.2% during the 3rd quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock worth $30,139,000 after purchasing an additional 648,855 shares in the last quarter. TCW Group Inc. raised its holdings in Golub Capital BDC by 63.0% during the 2nd quarter. TCW Group Inc. now owns 430,702 shares of the investment management company’s stock worth $6,766,000 after buying an additional 166,480 shares during the period. Northeast Financial Consultants Inc lifted its stake in Golub Capital BDC by 151.8% in the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after buying an additional 1,268,442 shares in the last quarter. Finally, BBR Partners LLC acquired a new position in shares of Golub Capital BDC in the third quarter valued at approximately $655,000. Institutional investors own 42.38% of the company’s stock.

Wall Street Analysts Forecast Growth

GBDC has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Wells Fargo & Company reduced their price objective on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $16.40.

Golub Capital BDC Price Performance

Shares of NASDAQ GBDC opened at $15.07 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 4.73 and a quick ratio of 4.73. The business has a 50-day moving average of $15.32 and a 200-day moving average of $15.33. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 10.69 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, December 9th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 10.35%. The ex-dividend date of this dividend is Monday, December 9th. Golub Capital BDC’s dividend payout ratio (DPR) is 110.64%.

Golub Capital BDC Company 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.