Grimes & Company Inc. Buys 7,823 Shares of Golub Capital BDC, Inc. (NASDAQ:GBDC)

Grimes & Company Inc. boosted its stake in Golub Capital BDC, Inc. (NASDAQ:GBDCFree Report) by 32.2% in the fourth quarter, HoldingsChannel reports. The firm owned 32,151 shares of the investment management company’s stock after acquiring an additional 7,823 shares during the period. Grimes & Company Inc.’s holdings in Golub Capital BDC were worth $487,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GBDC. Northeast Financial Consultants Inc increased its holdings in Golub Capital BDC by 151.8% in the second quarter. Northeast Financial Consultants Inc now owns 2,104,195 shares of the investment management company’s stock valued at $33,057,000 after purchasing an additional 1,268,442 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Golub Capital BDC by 1,170.6% in the second quarter. Millennium Management LLC now owns 786,569 shares of the investment management company’s stock worth $12,357,000 after acquiring an additional 724,662 shares in the last quarter. Partners Group Holding AG increased its holdings in shares of Golub Capital BDC by 48.2% in the third quarter. Partners Group Holding AG now owns 1,994,663 shares of the investment management company’s stock worth $30,139,000 after acquiring an additional 648,855 shares in the last quarter. LGT Capital Partners LTD. bought a new stake in shares of Golub Capital BDC in the third quarter worth about $8,721,000. Finally, Granite FO LLC bought a new stake in shares of Golub Capital BDC in the second quarter worth about $8,132,000. Institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Stock Up 0.7 %

NASDAQ:GBDC opened at $15.58 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 4.73 and a current ratio of 4.73. The company has a market cap of $4.12 billion, a PE ratio of 11.05 and a beta of 0.53. Golub Capital BDC, Inc. has a 52-week low of $14.05 and a 52-week high of $17.72. The stock has a 50-day simple moving average of $15.26 and a 200 day simple moving average of $15.16.

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 issued a dividend of $0.39 per share. The ex-dividend date was Monday, December 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.01%. Golub Capital BDC’s payout ratio is presently 110.64%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. StockNews.com upgraded Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Friday, November 29th. Wells Fargo & Company lowered their price target on Golub Capital BDC from $15.50 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Golub Capital BDC has a consensus rating of “Moderate Buy” and an average target price of $16.38.

Get Our Latest Stock Analysis on GBDC

Golub Capital BDC Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Golub Capital BDC (NASDAQ:GBDC)

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