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

Mattern Wealth Management LLC lifted its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,000 shares of the investment management company’s stock after acquiring an additional 1,000 shares during the quarter. Mattern Wealth Management LLC’s holdings in Golub Capital BDC were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. 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 worth $582,000 after purchasing an additional 664 shares during the period. Neville Rodie & Shaw Inc. grew its position in shares of Golub Capital BDC by 1.3% during the third quarter. Neville Rodie & Shaw Inc. now owns 54,557 shares of the investment management company’s stock worth $824,000 after buying an additional 715 shares in the last quarter. Sanctuary Advisors LLC increased its stake in shares of Golub Capital BDC by 1.1% during the third 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. raised its holdings in Golub Capital BDC by 2.3% in the third quarter. Moors & Cabot Inc. now owns 38,143 shares of the investment management company’s stock valued at $576,000 after acquiring an additional 875 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Golub Capital BDC by 3.4% in the second quarter. The Manufacturers Life Insurance Company now owns 35,382 shares of the investment management company’s stock worth $556,000 after acquiring an additional 1,150 shares during the last quarter. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Stock Performance

Shares of GBDC stock opened at $15.59 on Tuesday. The stock’s 50-day moving average is $15.26 and its two-hundred day moving average is $15.16. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. Golub Capital BDC, Inc. has a 1 year low of $14.05 and a 1 year high of $17.72. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 11.06 and a beta of 0.53.

Golub Capital BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 9th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 10.01%. The ex-dividend date was Monday, December 9th. Golub Capital BDC’s dividend payout ratio is currently 110.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GBDC shares. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a research report on Friday, November 29th. Wells Fargo & Company dropped 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.38.

About Golub Capital BDC

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.