HB Wealth Management LLC Raises Stock Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

HB Wealth Management LLC raised its holdings in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 7.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 253,913 shares of the investment management company’s stock after purchasing an additional 17,764 shares during the quarter. HB Wealth Management LLC owned 0.10% of Golub Capital BDC worth $3,849,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in Golub Capital BDC by 15.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 261,076 shares of the investment management company’s stock worth $4,102,000 after purchasing an additional 34,439 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Golub Capital BDC by 9.4% during the second quarter. ProShare Advisors LLC now owns 26,210 shares of the investment management company’s stock worth $412,000 after buying an additional 2,262 shares in the last quarter. 1832 Asset Management L.P. acquired a new stake in Golub Capital BDC during the second quarter valued at $9,426,000. Edge Capital Group LLC increased its holdings in Golub Capital BDC by 42.5% in the second quarter. Edge Capital Group LLC now owns 634,313 shares of the investment management company’s stock valued at $9,965,000 after buying an additional 189,208 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Golub Capital BDC in the second quarter worth about $5,845,000. 42.38% of the stock is owned by institutional investors and hedge funds.

Golub Capital BDC Trading Up 0.5 %

Shares of Golub Capital BDC stock opened at $15.40 on Monday. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 1.15. Golub Capital BDC, Inc. has a twelve month low of $14.05 and a twelve month high of $17.72. The firm has a market capitalization of $4.07 billion, a PE ratio of 10.92 and a beta of 0.53. The firm’s 50-day moving average price is $15.25 and its 200 day moving average price is $15.17.

Golub Capital BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 9th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.13%. The ex-dividend date of this dividend was Monday, December 9th. Golub Capital BDC’s dividend payout ratio is currently 110.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on GBDC shares. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. Wells Fargo & Company cut 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.40.

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.