Truvestments Capital LLC Increases Stake in Golub Capital BDC, Inc. (NASDAQ:GBDC)

Truvestments Capital LLC grew its position in Golub Capital BDC, Inc. (NASDAQ:GBDC) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 170,928 shares of the investment management company’s stock after acquiring an additional 11,944 shares during the quarter. Truvestments Capital LLC owned about 0.06% of Golub Capital BDC worth $2,591,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Partners Group Holding AG grew its holdings in Golub Capital BDC by 48.2% during the 3rd 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. Barclays PLC increased its holdings in shares of Golub Capital BDC by 45.5% during the 3rd quarter. Barclays PLC now owns 190,132 shares of the investment management company’s stock valued at $2,873,000 after purchasing an additional 59,443 shares in the last quarter. Eagle Bay Advisors LLC increased its holdings in shares of Golub Capital BDC by 82.1% during the 4th quarter. Eagle Bay Advisors LLC now owns 183,602 shares of the investment management company’s stock valued at $2,783,000 after purchasing an additional 82,787 shares in the last quarter. BBR Partners LLC purchased a new position in shares of Golub Capital BDC during the 3rd quarter valued at approximately $655,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Golub Capital BDC by 30.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 115,058 shares of the investment management company’s stock valued at $1,744,000 after purchasing an additional 26,764 shares in the last quarter. Hedge funds and other institutional investors own 42.38% of the company’s stock.

Golub Capital BDC Price Performance

Golub Capital BDC stock opened at $14.64 on Wednesday. Golub Capital BDC, Inc. has a 1 year low of $14.05 and a 1 year 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’s fifty day moving average price is $15.44 and its 200 day moving average price is $15.26. The stock has a market capitalization of $3.89 billion, a P/E ratio of 10.61 and a beta of 0.50.

Golub Capital BDC (NASDAQ:GBDC) last announced 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%. As a group, equities research analysts anticipate that Golub Capital BDC, Inc. will post 1.6 earnings per share for the current fiscal year.

Golub Capital BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.56 annualized dividend and a yield of 10.66%. Golub Capital BDC’s dividend payout ratio (DPR) is presently 113.04%.

Analysts Set New Price Targets

Several research firms have recently weighed in on GBDC. StockNews.com raised shares of Golub Capital BDC from a “sell” rating to a “hold” rating in a report on Monday. Wells Fargo & Company dropped their price target on shares of 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.