Parkside Financial Bank & Trust Increases Position in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Parkside Financial Bank & Trust increased its stake in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 36.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,116 shares of the investment management company’s stock after buying an additional 827 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Golub Capital BDC were worth $47,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GBDC. Blue Trust Inc. increased its stake 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 buying an additional 1,921 shares during the period. Cary Street Partners Asset Management LLC purchased a new stake in shares of Golub Capital BDC in the third quarter valued at about $151,000. Cornerstone Wealth Management LLC acquired a new position in shares of Golub Capital BDC during the fourth quarter worth about $160,000. Oppenheimer & Co. Inc. purchased a new position in Golub Capital BDC during the third quarter worth about $162,000. Finally, Empowered Funds LLC purchased a new position in Golub Capital BDC during the fourth quarter worth about $173,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. StockNews.com cut Golub Capital BDC from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th. Wells Fargo & Company decreased 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.38.

Golub Capital BDC Trading Down 3.0 %

Shares of GBDC opened at $15.20 on Tuesday. Golub Capital BDC, Inc. has a twelve month low of $14.05 and a twelve month high of $17.72. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $4.04 billion, a P/E ratio of 11.01 and a beta of 0.54. The firm’s 50-day moving average is $15.47 and its two-hundred day moving average is $15.26.

Golub Capital BDC (NASDAQ:GBDC) last released its quarterly 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 return on equity of 11.18% and a net margin of 39.63%. On average, research analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.26%. The ex-dividend date of this dividend is Monday, March 3rd. Golub Capital BDC’s dividend payout ratio is currently 113.04%.

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.