Golub Capital BDC, Inc. (NASDAQ:GBDC) Position Increased by Muzinich & Co. Inc.

Muzinich & Co. Inc. lifted its holdings in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 10.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 728,365 shares of the investment management company’s stock after purchasing an additional 71,724 shares during the quarter. Golub Capital BDC accounts for approximately 6.9% of Muzinich & Co. Inc.’s portfolio, making the stock its 5th largest position. Muzinich & Co. Inc. owned about 0.28% of Golub Capital BDC worth $11,042,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in GBDC. Allworth Financial LP increased its position in shares of Golub Capital BDC by 135.6% during the third quarter. Allworth Financial LP now owns 2,340 shares of the investment management company’s stock valued at $35,000 after buying an additional 1,347 shares during the period. Blue Trust Inc. increased its holdings in shares of Golub Capital BDC by 413.1% during the fourth 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 in the last quarter. Cary Street Partners Asset Management LLC bought a new position in shares of Golub Capital BDC during the third quarter valued at $151,000. Cornerstone Wealth Management LLC purchased a new position in shares of Golub Capital BDC in the 4th quarter worth about $160,000. Finally, Oppenheimer & Co. Inc. bought a new position in Golub Capital BDC in the 3rd quarter worth about $162,000. 42.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on GBDC shares. StockNews.com lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a report on Thursday, February 13th. Wells Fargo & Company dropped their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $16.38.

Golub Capital BDC Price Performance

NASDAQ GBDC opened at $15.56 on Thursday. The business’s fifty day moving average is $15.45 and its 200 day moving average is $15.23. 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 quick ratio of 2.94 and a current ratio of 2.94. The company has a market capitalization of $4.13 billion, a PE ratio of 11.28 and a beta of 0.54.

Golub Capital BDC (NASDAQ:GBDC) last released its earnings results on Tuesday, February 4th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Golub Capital BDC had a return on equity of 11.18% and a net margin of 39.63%. Sell-side analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current year.

Golub Capital BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a $0.39 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 10.03%. Golub Capital BDC’s payout ratio is presently 113.04%.

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.