Golub Capital BDC, Inc. $GBDC Shares Bought by Muzinich & Co. Inc.

Muzinich & Co. Inc. grew its position in shares of Golub Capital BDC, Inc. (NASDAQ:GBDC) by 20.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,959,272 shares of the investment management company’s stock after acquiring an additional 333,636 shares during the period. Golub Capital BDC comprises about 8.4% of Muzinich & Co. Inc.’s holdings, making the stock its 4th largest position. Muzinich & Co. Inc.’s holdings in Golub Capital BDC were worth $26,587,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Golub Capital BDC during the third quarter worth about $33,000. CWM LLC increased its stake in Golub Capital BDC by 13,588.0% during the third quarter. CWM LLC now owns 3,422 shares of the investment management company’s stock worth $47,000 after acquiring an additional 3,397 shares during the last quarter. Main Street Group LTD acquired a new stake in Golub Capital BDC during the third quarter worth about $51,000. Advisory Services Network LLC acquired a new stake in Golub Capital BDC during the third quarter worth about $77,000. Finally, Farther Finance Advisors LLC acquired a new stake in Golub Capital BDC during the third quarter worth about $78,000. 42.38% of the stock is currently owned by institutional investors and hedge funds.

Golub Capital BDC Price Performance

GBDC stock opened at $12.83 on Wednesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.24 and a current ratio of 2.24. Golub Capital BDC, Inc. has a 1 year low of $11.77 and a 1 year high of $15.63. The firm has a market cap of $3.38 billion, a P/E ratio of 10.26 and a beta of 0.40. The stock has a 50-day simple moving average of $12.51 and a 200-day simple moving average of $13.35.

Golub Capital BDC (NASDAQ:GBDC) last posted its earnings results on Wednesday, February 4th. The investment management company reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. Golub Capital BDC had a return on equity of 10.37% and a net margin of 38.57%.The business had revenue of $110.18 million during the quarter, compared to analyst estimates of $208.89 million. During the same quarter last year, the firm earned $0.42 earnings per share. On average, equities analysts predict that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Friday, March 13th were paid a $0.33 dividend. The ex-dividend date was Friday, March 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.3%. Golub Capital BDC’s dividend payout ratio (DPR) is 105.60%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Wall Street Zen lowered Golub Capital BDC from a “hold” rating to a “sell” rating in a research note on Sunday, March 15th. Keefe, Bruyette & Woods dropped their price target on Golub Capital BDC from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. Wells Fargo & Company lowered their target price on Golub Capital BDC from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Lucid Cap Mkts upgraded Golub Capital BDC to a “strong-buy” rating in a research note on Thursday, January 15th. Finally, Capital One Financial set a $15.00 target price on Golub Capital BDC in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $14.38.

About Golub Capital BDC

Golub Capital BDC (NASDAQ: GBDC) is a publicly traded business development company specializing in providing debt and equity financing solutions to middle-market companies in the United States. Externally managed by Golub Capital LLC, the firm focuses on building a diversified portfolio of senior secured loans, unitranche facilities and second-lien debt instruments designed to support growth, acquisitions and recapitalizations. As a closed-end investment vehicle, GBDC offers investors direct exposure to private credit strategies within a regulated structure.

The company’s core business activities center on originating and managing bespoke financing arrangements for U.S.